Bermuda the focus for BDA Miami event

12-10-2018

More than 50 senior industry representatives will join Bermuda government and regulatory leaders taking part in an Executive Forum in Miami, showcasing the island as a leading finance centre for LatAm and global business.

Organised by the Bermuda Business Development Agency (BDA), the event takes place Thursday, October 18 at the Intercontinental Hotel Miami. Fifteen presentations and panel discussions will highlight investment and business opportunities available in Bermuda, while also underscoring the many synergies shared by the island and Florida, a corporate gateway to Latin America.

Experts will cover the gamut of industries that leverage Bermuda as a platform for international business—including property-casualty re/insurance, asset management, trust and private-client, high-net-worth services, family offices, life sciences, cyber risk and healthcare liability, life and annuity insurance, captive insurance, plus new fintech, insurtech, blockchain, virtual currency and digital assets industries.

Highlights include a “seaside chat” about topics of mutual interest between Miami Mayor Francis Suarez and Premier David Burt which launches the event in the morning, while Bacardi executive Douglas Mello delivers the lunch-time keynote, detailing its decision to establish its global headquarters in Bermuda a half-century ago. One of the day’s industry panels will be conducted in Spanish, featuring Bermuda-based professionals of Hispanic heritage discussing Bermuda’s appeal as a centre of excellence.

“We’re thrilled to have Bacardi’s participation and that of Mayor Suarez—both underscore the firm links between our two communities,” said Sean Moran, BDA Interim chief executive officer. “Bermuda and Florida have established natural synergies over time. Not only does our reinsurance industry provide most of the state’s natural disaster coverage, but we also share commonalities as coastal communities pertaining to ocean access and the industries and risks associated with it.

Joining the Premier from government will be Minister of National Security Wayne Caines, appearing on a closing panel on blockchain, and Junior Finance Minister Wayne Furbert. Kristin Jacobs, Executive Director of Resiliency Florida and a Democratic member of Florida’s House of Representatives, will speak on a panel on climate and ocean risk; the Bermuda Monetary Authority’s Managing Director of Insurance Supervision, Craig Swan, will address ways Bermuda is innovating via insurtech; and John Huff, CEO, Association of Bermuda Insurers & Reinsurers (ABIR).

Other participating groups and companies in the Miami forum include: AIG, Allied World, Apex Fund Services, Appleby, Arch Capital, Athene Life, AXA XL, AXIS Capital, Bermuda Institute of Ocean Sciences (BIOS), Bermuda Shipping & Maritime Authority (BSMA), Bermuda Yacht Services, Butterfield Bank, Carey Olsen Bermuda, Chubb, Conyers, Dana Philanthropy, Deloitte, DrumG, EFG Wealth Management, EY, Hamilton Princess, Harbour International Trust, Hotelco Bermuda Holdings/St Regis, Integro Insurance Brokers, KPMG, Markel CATCo, Marsh, Meritus Trust, Norton Rose Fulbright, Omega One, Paragon Brokers, PwC, Quest Management Services, Risk Cooperative, SeaHeal, Shyft Network, The Nature Conservancy, Uulala, and Willis Towers Watson.

Bermuda, BDA, Miami, forum, business

Bermuda Re