Nurturing diverse talent in Bermuda: what is working and what more needs to be done


Nurturing diverse talent in Bermuda: what is working and what more needs to be done

Bermuda offers a diverse talent base—but are re/insurers on the Island making the most of it? Jacqueline Muschett, head of valuations and a managing director at HSCM in its Bermuda office, gives her view.

Despite some well-publicised efforts, there is no doubt that opportunities to nurture a diverse talent base are still being missed in Bermuda. One of the key issues is that young people often have no knowledge of the opportunities that exist on the Island, so many of those who leave Bermuda for their education simply do not come back.

Jacqueline Muschett is a mixed-race native Bermudian who first encountered the re/insurance industry via two summer internships at Montpelier Re in the summers of 2004 and 2005. These experiences motivated her to return to Bermuda after her graduation in 2006 and enter the industry. Her career has progressed well since then, but she was struck by the fact that when she was in her 20s, all her friends in Bermuda were in their 30s and 40s because most of her contemporaries were abroad.

“That age group didn’t exist. Students weren’t coming back to Bermuda immediately after their studies and work permits aren’t available at that entry level,” she says. “You don’t want to have that gap between high school students and mid-level employees: we need to have those entry level people who are working towards their future on the Island.”

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