Bermudian Government seeks increased Chinese investment in insurance

The Government of Bermuda is looking to encourage more Chinese investment in insurance companies and other financial firms on the Island.

Bermuda’s Premier Michael Dunkley met with Liu Xiaoming, the Chinese Ambassador to the United Kingdom, when the latter visited Bermuda on January 16 and discussed better financial ties between the two countries, including tourism and general investment.

According to a statement released by the Government of Bermuda: “The Premier facilitated discussions regarding the services that Bermuda companies can provide to Chinese businesses and family organisations, including investment in international insurance companies, asset management, and trusts. The Ambassador was very keen to strengthen those relationships and showed great interest in working with Bermuda companies and those operating from Bermuda in terms of introducing those companies to Chinese companies.”

Ambassador Liu invited the Premier to visit China and said that an immediate possible opportunity could be Bermuda's participation in the upcoming Chinese International Tourism Expo in Beijing in June of this year.

Premier Dunkley said: “While the Ambassador acknowledged that many Chinese people are aware of Bermuda - and, in particular, the Bermuda Triangle - many of them were not familiar with exactly where we are located or what sight-seeing options exist here. We discussed tourism in depth, as well as opportunities with regard to international business, reinsurance and investment potential.”

According to the Government of Bermuda this is the first time that a Chinese Ambassador to the United Kingdom has been to the Island.

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