In a move that underscores Bermuda’s growing reputation as a hub for professional services, KPMG’s Bermuda office has promoted local accountant Rohan Ranchod to the position of audit partner. Ranchod, who has spent the last decade honing his expertise in the island’s insurance and re‑insurance sectors, will now oversee the firm’s audit practice in the region.

The promotion comes at a time when Bermuda’s financial services industry is expanding its reach into new markets. As audit partner, Ranchod will lead KPMG’s audit engagements for the island’s leading captive insurance and global re‑insurance firms, ensuring compliance with international standards and local regulatory requirements.

KPMG’s Managing Partner for the Bermuda office, Maria-Maria Silva, praised Ranchod’s “deep industry knowledge and commitment to client service.” She noted that his appointment reflects the firm’s strategy of investing in home‑grown talent to maintain its competitive edge in the niche offshore market.

Industry analysts say the appointment signals a broader trend of global professional services firms strengthening their local leadership teams to better serve Bermuda’s sophisticated client base. With the island’s insurance and re‑insurance market projected to grow steadily, having a seasoned audit partner onshore is seen as a key advantage for both KPMG and its clients.

Ranchod is expected to build on his track record of delivering high‑quality audit services while fostering stronger relationships with the island’s regulatory bodies and industry stakeholders.