17 November 2015News

Keynote speaker announced for Bermuda Captive Conference

Renowned author and healthcare and technology futurist Joe Flower has been announced as the keynote speaker at next June's Bermuda Captive Conference (BCC).

Flower has 30 years of experience in the industry and is a thought leader on forces changing healthcare in the US and around the world. He has explored the future of healthcare with clients, from the World Health Organisation (WHO) and the UK National Health Service to state and provincial hospital associations throughout the US and Canada.

Flower has also been a consultant on change with the US Department of Defense, Airbus, and ArianeSpace.

The annual three-day captive insurance conference will run from 13-15 June, 2016 at the Fairmont Southampton Resort. It is expected to attract more than 650 delegates from Bermuda and overseas.

A wide spectrum of captive insurance management firms, as well as support industries, are sponsoring the event and healthcare risk management, in particular, is expected to be one of this year's hot topics.

"The Bermuda Captive Conference continues to be one of the largest attended and anticipated captive events in the world due to the continued relevance of topics and speakers," says David Gibbons, conference chair.

"Bermuda is a leading domicile for healthcare captives and medical malpractice cover, and with so many developments in this space in the US over the last few years, I am very happy to have such a distinguished speaker as Joe here to provide context on what has happened so far and what we should be expecting in this space in the near future. We have already had considerable interest from risk managers who plan to come to the conference to hear his perspectives."

Bermuda is the top global captive jurisdiction, home to 800 captive insurance companies, supporting primarily Fortune 500 corporations in the US, and generating more than $48 billion in annual gross written premiums in 2014.

Bermuda-based captives support an estimated 25 percent of the American medical insurance and reinsurance market, and a growing number have originated from Canada and Latin America in recent years, according to the Bermuda Business Development Agency, which is promoting the conference.