Premier Burt to open upcoming Bermuda Captive Conference
Bermuda’s Premier, the Hon David Burt, is set to open the upcoming Bermuda Captive Conference, which according to its organisers could surpass last year’s record-setter with 1,000 hotel-room nights booked to date by overseas delegates.
This year marks the 13th year of the conference, which the Bermuda Development Association (BDA) has described as Bermuda’s largest international business event.
The Premier, accompanied by Economic Development Minister Jamahl Simmons, will welcome conference attendees at the Fairmont Southampton on Monday, September 11, opening the three-day event. After presenting the annual Fred Reiss Lifetime Achievement Award, he will also announce this year’s inductees to the Bermuda Captive Hall of Fame, an honour awarded to companies that have committed at least 25 years to the island’s market. Minister Simmons will later join industry leaders in an introductory session on trends and innovation.
“The government of Bermuda is dedicated to helping maintain a dynamic Bermuda captive market, and we are pleased to support one of the greatest international business conferences on the captive insurance calendar,” said Premier Burt. “The attendees will find the conference to be an engaging experience of learning and opportunity, and I look forward to participating.”
“The response so far means we have more overseas delegates than ever before, more captive owners and risk managers, more representatives from either existing captives or companies looking to set up captives—and they’re staying on the island longer,” said conference Chair David Gibbons, adding that while most attendees are travelling from the United States, delegates have also registered from the UK, Canada, Latin America and Europe. Countries represented include Argentina, Aruba, Belgium, Canada, Colombia, France, Germany, Ireland, Japan, Mexico, the Netherlands, the UK and US.
According the BDA, the three-day agenda features a mix of moderated panels and roundtables focusing on hot topics like insurtech, cyber-risk, employee benefits, claims handling, and investment strategies. Bermuda is the top global captive jurisdiction, home to close to 800 captive insurance companies supporting primarily Fortune 500 corporations in the US and generating over $55 billion in annual gross written premiums.
