Ezekiel stepping down as ABIC chief

WEDNESDAY, NOVEMBER 17: David Ezekiel, the long-serving head of the Association of Bermuda International Companies, will be stepping down.

In a prepared speech by Premier Paula Cox, delivered by Senator Kim Wilson, MInister of Economy, Trade and Industry, Ms Cox paid tribute to the leader.

She said:

David Ezekiel understands that success breeds success. When Bermuda does well, business does well. He appreciates that and has consistently spoken to the sustainability of Bermuda as a preferred domicile.

During the course of his tenure what I have found especially remarkable is that even when we may have had differing perspectives, he has been loyal in upholding the success of the Bermuda model globally. That reflects maturity and a sensitivity. That is what I look forward to seeing more of as we seek the New Normal in our public-private sector dealings.

As a business leader he has distinguished himself over the course of his insurance career in Bermuda. He was elected Chairman of the International Companies Division of the Chamber of Commerce in 1989, and in 2001 led the ICD team that founded the Association of Bermuda International Companies, ABIC, to be the voice of International Business in Bermuda. Over the past eleven years as Chairman of ABIC, David Ezekiel has been a spokesman for ABIC and has worked tirelessly.

He has been forthright with his advice to private sector stakeholders and has participated in the International Business Forum and been vocal in his views on immigration and the symbiotic relationship with international business.

Throughout his tenure as a business leader and Chairman of ABIC, he has worked to promote Bermuda’s continued position as a preferred domicile.

He founded International Advisory Services and developed that company to be the largest independent captive insurance manager in Bermuda. Last year Marsh acquired IAS and David was appointed as Chairman of Marsh Management in Bermuda. In recognition of his distinguished career and leadership of IAS and ABIC David was awarded the Bermuda Insurance Institute 2009 Lifetime Achievement Award by a committee of his peers.

I wish David well in his retirement from ABIC and trust that he will continue to promote Bermuda as a domicile of choice for international business.”

Warm Regards,

 The Hon. Paula A. Cox, JP, MP, Premier and Minister of Finance