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31 January 2025News

BCN hosts 2025 captive education summit

The Bermuda Captive Network (BCN) hosted its annual Captive Education Summit at the Bermuda Underwater Exploration Institute (BUEI), uniting industry leaders, professionals, and stakeholders for an afternoon of insightful discussions and networking.

According to the BCN the half-day event highlighted key topics shaping the captive insurance industry. Attendees gained valuable updates from the Bermuda Monetary Authority (BMA) on onsite inspections and compliance measures, shedding light on regulatory developments critical to maintaining Bermuda’s leadership in the global captive space. The session also included a discussion on emerging trends and opportunities in the investment landscape, offering insights to help attendees navigate the evolving market dynamics.

One focus at the event was the implications of Bermuda’s corporate income tax updates, with experts analysing potential challenges and opportunities for captives operating within this changing framework. Additionally, attendees were briefed on the latest developments in Bermuda’s Personal Information Protection Act (PIPA), emphasising the importance of robust data privacy measures in the captive market.

The summit also featured an in-depth exploration of actuarial and audit perspectives on captive operations, offering practical advice for optimising financial performance and compliance.

Sherman Taylor, head of capital markets in Bermuda at Ocorian, commented: “The 2025 Bermuda Education Summit once again set new standards with engaging, informative presentations on relevant industry topics. We congratulate the organisers and presenters on a job well done and look forward to the next event from the Bermuda Captive Network.”

The event concluded with a networking reception, where attendees connected with peers, industry experts, and sponsors in a relaxed and engaging atmosphere.

The BCN said that it would like to extend heartfelt thanks to its sponsors for their generous support, which made the event possible: Aon, Artex Risk Solutions, Conyers, Liberty Mutual Management, Ocorian, and Oppenheimer.

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