15 August 2023news

Vaucrosson leaves consulting role at Bermuda Captive Network

The Bermuda Captive Network (BCN) has announced that Andrew Vaucrosson is stepping down from his consulting position with the Network.

The BCN was formed in February 2022 and over the past 18 months it has engaged with Vaucrosson as a consultant to help develop BCN’s operations and membership base.

The BCN said that through his efforts, the membership has grown to over 150 persons/entities and he has also helped to establish improved communication and enhanced member advocacy with key stakeholders such as the Bermuda Monetary Authority, the Registrar of Companies, the Bermuda Business Development Association, and other Government departments and ministries.

He also assisted with drafting press releases and statements for international media organisations to assist the BCN with promoting Bermuda as a world-class domicile in the global risk market.

However, the BCN said that now that it has established a good base of operations, it has mutually decided with Vaucrosson not to extend their consulting relationship so that he can pursue other opportunities.  His last day at BCN will be August 15th.

In a statement Grainne Richmond, director of BCN, said that Vaucrosson is a seasoned professional with an extensive management background and provided the necessary foundation for the BCN to build a reliable and productive operation behind this new membership organisation.

“We are truly grateful for Mr. Vaucrosson’s contribution to the development of BCN and we are very confident that he’ll be just as successful with any other enterprise who decides to hire him,” said Richmond.


More on this story

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15 February 2022   This year’s “fusion” theme celebrates the new Bermuda Captive Network.
Bermuda analysis
30 June 2020   The 2020 Bermuda Captive Conference will be held virtually for the first time this year, amid continued uncertainty about when COVID-19 social distancing measures will be eased.
Analysis
14 February 2017   Bermuda has held on to its position as the domicile with the most active captive licenses, with 776 on its register as of December 31, 2016, according to new figures from the Bermuda Monetary Authority (BMA).

More on this story

ILS
15 February 2022   This year’s “fusion” theme celebrates the new Bermuda Captive Network.
Bermuda analysis
30 June 2020   The 2020 Bermuda Captive Conference will be held virtually for the first time this year, amid continued uncertainty about when COVID-19 social distancing measures will be eased.
Analysis
14 February 2017   Bermuda has held on to its position as the domicile with the most active captive licenses, with 776 on its register as of December 31, 2016, according to new figures from the Bermuda Monetary Authority (BMA).