24 March 2015News

Around 200 Bermuda execs to attend RIMS

Bermuda is expected to maintain a strong presence at next month’s Risk and Insurance Management Society (RIMS) annual conference.

Bermuda's Premier, Finance Minister and Minister of Economic Development will join an island delegation of close to 200 insurance industry and affiliated representatives at the conference in New Orleans.

The Bermuda Business Development Agency (BDA) is orchestrating Bermuda's presence at the conference, 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.

Ross Webber, the chief executive officer of BDA, will be part of the Bermuda contingent. He said: "Bermuda is welcomed at RIMS, thanks to our renowned re/insurance industry sector, one of the top three in the world. This event is an important platform for reinforcing the Island's long-held reputation as the 'World's Risk Capital.'"

Premier Michael Dunkley will be joined at the event by government colleagues, Finance Minister Bob Richards and Economic Development Minister Dr Grant Gibbons, as well as Shelby Weldon, director of licensing and authorisation for the Bermuda Monetary Authority.

"The Bermuda Monetary Authority is pleased to be part of 'Team Bermuda' at this year's RIMS," said Weldon. "Though our risk and insurance industry is a world leader, competition is fierce and we cannot afford to rest on our laurels. The RIMS platform gives us the opportunity to brief delegates about Bermuda's well-respected, risk-based regulatory environment."