Bermuda to host cyber-risk conference

The Bermuda Business Development Agency (BDA) has announced that the Island will play host later this year to a cyber-risk conference.

The inaugural International Cyber Risk Management Conference (ICRMC) Bermuda, presented by Canada’s MSA Research, will take place December 6–7 at the Hamilton Princess & Beach Club, following a BDA invitation to bring the event to the island. MSA has been running similar events in North America.

According to the BDA ICRMC Bermuda will be designed for corporate risk managers, corporate counsel, auditors, CISOs, CSOs, and CTOs, governance and claims professionals, insurers, reinsurers, insurance brokers and service providers. The BDA will be signature sponsor of the two-day conference that follows MSA’s Toronto event in April.

“We are proud to bring ICRMC to Bermuda, the ‘World’s Risk Capital,’ where we, with the support of a stellar steering committee, will focus on cyber risk with an emphasis on re/insurance and risk-transfer solutions,” said Joel Baker, president and chief executive officer of both MSA and the National Insurance Conference of Canada. Baker is also CEO of Canada’s catastrophe index provider, CatIQ.

Baker and his ICRMC team have spoken about their event plans with leaders of the island’s risk-industry groups, including the Bermuda Insurance Management Association (BIMA), the Association of Bermuda International Companies (ABIC), and the Association of Bermuda Insurers & Reinsurers (ABIR).

“We’re delighted to be working with the BDA team and a strong mix of world-class Bermudian, US and Canadian talent to shape this unique event,” added Baker. “ICRMC is the Bermudian edition of our Canadian event, a vendor-neutral gathering designed to serve the global risk management community. There’s no better location than Bermuda, given its central place in the insurance, reinsurance and insurance-linked securities arena.”