Bermuda experts to educate corporate execs about captive risk management benefits

07-11-2016

A team of Bermuda industry and regulatory experts heads to Toronto, Canada later this month, to educate corporate executives about the risk management benefits of captive insurance.

Bermuda's Business Development Agency (BDA) leads the group, which will host an executive forum on Tuesday, November 22 at the Shangri-La Hotel in Toronto.

Representatives from the Bermuda Monetary Authority (BMA) and the island’s law firms, accountancy firms, and captive management companies will outline the advantages of Bermuda-based captive insurance companies to self-insure a variety of risks, from healthcare and employee benefits to cyber disruptions.

“This is the third time out market experts have travelled to the region this year, because we are witnessing growing interest from Canadian prospects and service providers wanting to know more about self-insurance options,” said Jereme Ramsay, business development manager at the BDA.

“Bermuda offers Canadian corporations pragmatic, cost-effective solutions in a blue-chip jurisdiction. Captive insurance helps global businesses manage the many complex risks they face today, and Bermuda is a particularly strong partner jurisdiction for Canada due to historic industry connections, our tax-transparency agreement, plus the major contribution of Bermuda-based reinsurance carriers to Canadian communities.”

Ramsay led a similar Toronto trip in May this year, as well as a first Bermuda attendance at the Canada Risk and Insurance Management Society annual conference in Calgary, Alberta in September.

 

 

BDA, Bermuda, Bermuda Monetary Authority, Insurance, Captives, Risk management, North America, Jereme Ramsay, Regulation

Bermuda Re