KPMG in Bermuda and Bermuda Captive Network launch Captive Scholarship
KPMG in Bermuda and the Bermuda Captive Network (BCN) proudly announce a new Captive Scholarship, the latest addition to KPMG’s scholarship awards. This scholarship, valued at $30,000, aims to develop Bermudian talent specifically for the captive insurance industry—a vital sector where Bermuda is globally renowned as a leading domicile.
With a recognised shortage of skilled captive insurance professionals worldwide, this scholarship addresses a critical need by supporting Bermudian students who wish to pursue dynamic careers in captive insurance. The program is uniquely designed to provide a pathway into the industry through hands-on learning and networking opportunities that go beyond traditional internships.
“The Captive Scholarship offered by KPMG reflects our commitment to equipping Bermudians with the expertise needed to excel in captive insurance,” said Bron Turner, Partner and Captive Sector Lead at KPMG in Bermuda. “By offering students real-world experience and access to industry professionals, this scholarship fosters a foundation of knowledge that benefits both the students and Bermuda’s position as a global leader.”
Key elements of the Captive Scholarship:
• Comprehensive industry exposure: Scholars gain hands-on experience by rotating through KPMG’s Audit, Tax, and Advisory service groups and participating in secondments with a captive insurance company where they work directly with professionals in underwriting, claims, finance, and compliance.
• Networking opportunities: Complimentary access to events like the Bermuda Captive Conference, which allows scholars to connect with industry leaders and build valuable professional networks.
• Dedicated mentorship and support: Each scholar is paired with a career coach and performance manager for ongoing guidance throughout their studies and early career.
“Scholarships in the captive industry in Bermuda not only empower future leaders with essential knowledge and skills, but also foster innovation and diversity within our captive market. It will create opportunities for individuals and enhances the overall economy of Bermuda. BCN expresses its thanks to KPMG for starting and investing in this education program and supporting the network in its plans to ensure we have a sustainable workforce in the captive industry. We look forward to seeing this program develop and grow and welcome support from others over the coming months and years.” Says Grainne Richmond, Chair of the Bermuda Captive Network.
The Captive Scholarship offered by KPMG is a combination of a $20,000 cash award, plus up to $10,000 worth of in-kind contributions toward industry events, totaling up to $30,000 annually. This program joins KPMG’s established scholarships: the KPMG Scholarship, valued at $30,000 annually, and the Frontier Scholarship, valued at $15,000 annually. Applications for all three scholarships are now open. For more details about our scholarship programs and to apply, visit bermudascholarships.com.