Approximately 200 representatives from Bermuda’s re/insurance industry and affiliates will join government leaders and regulatory officials headed to next month’s Risk and Insurance Management Society (RIMS) annual conference and exhibition in San Diego, California.
The Bermuda Business Development Agency (BDA) is coordinating Bermuda’s presence at the April 10–13 event, which every year attracts close to 10,000 risk-management professionals, as well as senior executives and other decision-makers from a wide range of industries, plus some 400 exhibitors.
Bermuda’s government will be well represented at RIMS ’16 by: Premier Michael Dunkley; ET (Bob) Richards, finance minister; and Dr Grant Gibbons, economic development minister. The government delegation will be welcomed by Rick Roberts, RIMS president, on Monday, April 11, before touring the exhibit floor and visiting Bermuda industry booths.
The ministers will be joined at RIMS by Jeremy Cox, CEO, Bermuda Monetary Authority (BMA) and Shelby Weldon, director, licensing and authorisation, BMA.
Representatives from numerous Bermuda-based companies will also participate, including: Aon, Appleby, Arch Insurance Group, Artex, Arthur J Gallagher, Aspen Insurance, AXIS Insurance, Beecher Carlson, Bermuda Commercial Bank, Butterfield Bank and Canopius Underwriting Bermuda, as well as Chubb, Clarien Bank, Conyers, Endurance, EY, HSBC, JLT, KPMG, Markel Bermuda, Marsh Inc, PwC, R&Q Quest Management Services, Willis Towers Watson, XL Caitlin, and Zurich.
The Bermuda booth, a two-storey structure with island architectural styling, will be positioned at the conference hall, with BDA, BMA and industry representatives on hand to answer questions about the jurisdiction and meet with prospective new companies interested in establishing a presence in Bermuda.
New this year will be a structured series of pre-booked “Bermuda Speed-Networking Sessions” staged at the conference centre. Scheduled throughout the three-day event, each hour-long meeting will pair parties interested in learning more about setting up a company in Bermuda with key island experts such as brokers, auditors, insurance managers, bankers and regulatory officials who can answer specific questions and detail the jurisdiction’s advantages.
The BDA will also host its annual networking reception, an invitation-only event slated for the evening of Tuesday, April 12 for key industry representatives and other executives.
Ross Webber, chief executive officer, BDA, said: “RIMS, and the networking carried out around it, make this a vitally important business-development event for the risk-management industry, and the BDA works to facilitate those connections.
“Our significant ‘Team Bermuda’ presence at RIMS every year allows our domicile to demonstrate its strength, value and leadership as one of the world’s top-three re/insurance centres, the largest property catastrophe centre, the biggest captives jurisdiction, and home of the most insurance-linked securities listings. RIMS is a showcase for our excellence in all these areas.”
Weldon added: “Evolving international regulatory standards is anticipated to be a hot topic at this year’s RIMS conference and the authority will be happy to answer any questions that prospective Bermuda insurers may have in this regard.
“RIMS is easily the largest and most important event for the worldwide risk-transfer industry and the Authority is pleased to once again contribute to Bermuda’s jurisdictional effort at RIMS.”
Risk and Insurance Management Society, RIMS, BDA, BMA, Jeremy Cox, Ross Webber, Bermuda North America