Updated: February 11, 2022 09:20
The Argus Group has launched a scholarship on behalf of Bermuda veteran insurance executive Sheila Nicoll, who retired as Argus Board Chair last year after 10 years in the role .
Ms. Nicoll served on the Board for a total of 15 years after a long career in various roles in the international insurance industry in Bermuda, including as a member of the Insurance Advisory Committee, a statutory board under Insurance Act 1978.
After studying at Oxford, she enjoyed a career spanning 40 years, including running five different companies and serving on the board of ten.
“The Sheila Nicoll Award was created to honor the outstanding contribution Sheila has made to Argus,” said Group CEO Alison Hill.
“She has been with us through times of great success as well as great challenges. His wisdom and guidance are, in good measure, responsible for the current financial and operational strength of the company, as well as the opportunities for growth and development that are available to us.
“This award is valued at $15,000 per year for up to three years. It will support the studies of a Bermudian, or a holder of a certificate of permanent residence, who enters an accredited institution in the academic year 2022-2023 to pursue undergraduate studies in insurance, management risk management or a related field of study.
“In the meantime, we are thrilled to have the opportunity to not only honor Sheila’s legacy, but also demonstrate our enduring commitment to the Bermuda community and its future by investing in the careers of the island’s youth. .”
Ms. Nicoll’s four decades of experience in the insurance and reinsurance industry have taken her to work in Bermuda, London and New York.
She holds a Master of Arts in Chemistry from Oxford University and is a Fellow of the Chartered Institute of Insurance in the UK.
Argus invites applications from undergraduate students studying Actuarial Science, Business, Economics, Finance, Insurance and Risk Management, Mathematics, Pure Science, Biology, Chemistry, Technology information, engineering and environmental sciences.
Argus said the student must be academically exceptional and demonstrate financial need.
The $15,000 per year award is given annually for three years, and the successful candidate will also be offered vacation employment opportunities with Argus during school vacations.
Ms Hill said: “The Sheila Nicoll Argus Award honors and recognizes the outstanding contribution Sheila has made to the Argus Group. We are grateful for his enduring commitment to the company and to Bermuda. It is a fitting way to show our appreciation and we are delighted to present this award to a deserving student.
The deadline for submission is April 29, 2022.
Sheila Nicoll: Argus Award in Her Name Recognizes Outstanding Contributions and Will Provide Scholarship to Future Insurance Students