Bermuda makes presence felt at World Captive Forum
The Bermuda captive insurance sector made its presence felt at the World Captive Forum, with representatives from the Bermuda captive Network hosting a booth at the event in Orlando, Florida.
Representatives from Appleby, Aon, Butterfield, the Bermuda Monetary Authority, Davies Captive Management, KPMG in Bermuda, Liberty Mutual Captive Management, and SS&C Technologies were in attendance, networking with more than 400 attendees from the global captive market.
Several Bermuda leaders took in key sessions at the event, including Eduardo Fox of Appleby (Bermuda) who participated in LatAm’s Resurgence: The Post-Covid New Normal, where he explored the disparities between the insurance and reinsurance markets in South and North America, both pre- and post-pandemic.
His discussion highlighted the resurgence of key Latin American economies and the opportunities for multinational corporations and foreign institutions, with a focus on the mining, energy, and healthcare sectors in the region, as well as the advantages of offshore domiciles, a press statement said.
Tiffany Austin of the Bermuda Monetary Authority spoke on Navigating Change: The Impact of AI and Digital Innovation on Captive Strategies. Her session delved into the transformative effects of artificial intelligence and digital advancements within captive insurance, offering insights into regulatory implications, operational efficiencies, and client service innovations.
Nick Frost of Davies Captive Management contributed to The Eye of the Storm – Reinsurance & Fronting Market Trends and Developments, where he analysed the latest trends in the reinsurance market, discussed strategies for increasing captive utilization in response to market headwinds, and provided insights into how fronting carriers assess potential captive partnerships.
Meanwhile, Timae Flood of the Bermuda Monetary Authority delivered a comprehensive International Regulatory Update, offering an in-depth examination of recent regulatory changes affecting captive insurers across global jurisdictions. Her session addressed emerging compliance trends, key legislative developments, and practical strategies for adapting to evolving regulations while mitigating associated risks.
Thomas McMahon (pictured), past Chair of the Bermuda Captive Conference and Executive Vice President at Davies Captive Management, said: “It’s great to see the Bermuda Captive Network exhibiting at WCF where we have an opportunity to promote the Island as the premier captive jurisdiction and also our own Captive Conference in June 2025.”
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