Leadership & Team

Susan Pateras joined the BDA board in 2020 bringing more than two decades of insurance industry experience across London, New York, and the Bermuda marketplace. Previously, Susan was COO of Liberty Specialty Markets (Bermuda) and has worked as a Senior Vice President at Integro Bermuda Ltd. and Willis Bermuda Ltd., and was Vice President for Marsh New York’s Global Broking Healthcare Unit. She holds a BBA from Temple University, with a dual major in Risk Management Insurance and Business Law, and serves on the board of The Association of Bermuda International Companies (ABIC) and Bermuda Overseas Missions, a non-profit providing Bermuda’s youth with an opportunity to make a positive impact both locally and globally.

Grainne Richmond joined the BDA board in June 2023. Mrs. Richmond joined Aon Insurance Managers (Bermuda) Ltd. in September 2022 as Executive Vice President, Head of Captives, and is responsible for overseeing client service deliverable across all of Aon Bermuda’s captives and participating in new business innovations and client development plans. Prior to joining Aon, she was Vice President of Strategic Risk Solutions (Bermuda) Limited (SRS) (formally Dyna Management Services Ltd.)

Mrs. Richmond, by background is a qualified CPA (FCA Ireland) and has over 22 years of Captive experience having held senior roles at SRS, Artex Risk Solutions, and International Advisory Services. She has over 21 years’ experience and extensive background in large complex group captives, healthcare captives along with over 10 years in fund administration.

Ms. Richmond is heavily involved in the Bermuda Industry and is currently Director of the Bermuda Captive Network and past president of the President of Bermuda Insurance Management Association. On behalf of Aon and the Bermuda Captive Industry she works closely with industry peers in discussions with the Bermuda Monetary Authority, Registrar of Companies, and the Bermuda Government.

Amy Adderley is Finance Director at Liberty Group Limited, parent company of BELCO, where she leads financial strategy, reporting, and governance. A Certified Public Accountant, Ms Adderley has more than 25 years of experience in corporate finance, governance, risk management, and strategic leadership. She holds the Institute of Directors Certificate in Company Direction and will chair the BDA’s Audit and Risk Committee.

Andrew Clutz, Head of Economic Development at Tractus, brings over 30 years of experience in FDI, trade promotion, and economic development strategy. Based in Boston, Mr. Clutz has advised governments, investment promotion agencies, and multinational corporations worldwide, including the World Bank, UK Trade & Invest, Invest in Denmark, and the Government of Canada. His work has centred on investment attraction, location analysis, programme design, and global business expansion strategies.

Chen Foley is a senior insurance professional and qualified lawyer with more than two decades of experience in governance, claims management, and dispute resolution across Bermuda and international markets. Currently serving as Senior Vice President and Chief Claims Officer at Arcadian Risk Capital Ltd., Mr. Foley has led the development of innovative claims management frameworks and data-driven insights that support strategic decision-making and regulatory compliance.

Throughout his career, he has served on multiple corporate and non-profit boards, bringing to each a commitment to integrity, transparency, and sound governance. His professional background combines deep expertise in the re/insurance industry with a proven ability to align oversight, governance, and strategy in complex, regulated environments.

Mr. Foley’s appointment to the Board of the Bermuda Development Agency underscores his dedication to advancing Bermuda’s economic development objectives through strong governance and strategic leadership. He remains deeply committed to supporting the island’s long-term growth, resilience, and global competitiveness, recognizing that sustainable economic progress is essential to the continued prosperity of Bermuda and its people.

Michael Hanson is the managing partner of Carey Olsen Bermuda and sits on the executive board of the Carey Olsen Group, one of the largest offshore law firms (with offices in Singapore, Jersey, Guernsey, Hong Kong, Cape town, BVI, Cayman Islands and London). Michael established the Bermuda office just over three years ago and has overseen its rapid growth. Prior to establishing Carey Olsen Bermuda in 2017, Michael was partner and head of the employment and immigration team at another offshore law firm in Bermuda after practicing law in the UK for almost 10 years. He has significant expertise in multijurisdictional crisis management, corporate, employment and regulatory investigations, complex executive disputes and executive benefit and incentive programs.

As Director of the Economic Development Department (EDD), Raymond Jones leads a team of public officers responsible for advancing the sustainable growth, development and diversification of Bermuda’s Economy.Prior to this appointment, Mr. Jones was Finance Director for seven years at the Bermuda Economic Development Corporation (BEDC).

As a Certified Public Accountant (CPA), Mr. Jones has also held several positions in the private sector, including Chief Financial Officer at the HWP Group of Companies, as well as Assistant Vice President, Bank Officer, and Supervisor of Accounting Evaluation positions in the Corporate Trust Division at the Bank of Bermuda.

Erika Magder is Executive Vice President of Global Sales at ResearchFDI, where she oversees international portfolios in business intelligence, lead generation, training, and data services. With more than 20 years of experience in economic and business development, she has led investment promotion initiatives across North America, designed and delivered foreign direct investment (FDI) training globally, and advised organisations including Invest Canada, the Botswana Investment and Trade Centre, and the Bermuda Business Development Agency. Fluent in English and French, Ms. Magder brings expertise in strategic planning, market intelligence, and SaaS solutions.

With over three decades of broad and high-level experience in the financial services sector, George Thomas has served in a multitude of roles including investment banking, asset management, venture capital, sustainable investing, software development and internal auditing around the globe including New York, Boston, Tokyo, London, and Bermuda.

George has over 35 years of direct corporate governance experience, serving on the Boards of Directors for an array of entities, both regulated and non-regulated, across North America, Asia, and Europe. His board memberships include public and private companies, as well as alternative investment funds. Since 2016, he has been a guest lecturer at Harvard Law School on cybersecurity disclosures requirements for public companies.

George earned a Master’s degree in Finance and Quantitative Methods from University of North Carolina, Chapel Hill and a Bachelor’s degree in Economics from Duke University.