NASSAU, Bahamas — Dr Nicola Virgill-Rolle is the new Director of the National Insurance Board (NIB) effective July 1, 2018, replacing Patricia Hermanns, who resigned last month.
Dr. Virgill-Rolle was previously Director of Economic Development and Planning in the Office in the Prime Minister and headed a of team of professionals with responsibility for strategic planning, including the Vision 2040 National Development Plan, an Ecosystem Services Master Plan for Andros and a Sustainable Master Plan for the City of Nassau.
Prior to joining the Office of the Prime Minister she served as Director of Financial Services at the Ministry of Financial Services with responsibility for surveillance, planning and response to international and domestic initiatives which impact The Bahamas’ financial services industry; business development and promotions activities; and improving the competitiveness of the financial services sector in The Bahamas.
Dr. Virgill-Rolle also previously served as Economic Attaché in The Bahamas Embassy in Washington D.C. and as an Alternate Representative for The Bahamas at The Bahamas Permanent Mission to the Organization of American States (OAS).
During her tenure at The Bahamas Mission, she was an active member of OAS bodies related to economic development and financial management. Dr. Virgill-Rolle was elected as Vice-Chair of the Working Group to Strengthen the Council on Integral Development (CIDI) and its organs (2011-2012). Dr. Virgill-Rolle also held elected positions as Vice Chair of the OAS’ Committee on Administrative and Budgetary Affairs (CAAP) and as The Bahamas’ representative on the OAS’ Management Board of the Inter-American Agency for Cooperation and Development (IACD).
Prior to joining the staff of the Embassy in Washington, Dr. Virgill-Rolle held the position of Deputy Manager (Policy) within the Bank Supervision Department of the Central Bank of The Bahamas. She joined the Central Bank in April 1998.
Dr. Virgill-Rolle holds a Doctor of Philosophy Degree in Public Policy from George Mason University. She published several peer-reviewed book chapters and articles with special emphasis on entrepreneurship, trade and development. Dr. Virgill-Rolle also holds a Master of Science Degree in Political Economy of Development from the University of London (SOAS) and a Bachelor of Arts Degree in Economics from Vassar College and an Associate of Arts Degree in Accounting from the College of The Bahamas.
She is married to John Rolle, Governor of the Central Bank, and they are the parents of two children.
