abir-roundtable-this
16 June 2022

Premier joins ABIR and Lloyd’s at roundtable event

Leaders from the Bermuda and Lloyd’s re/insurance markets joined Bermuda’s Premier and Minister of Finance, David Burt, in a roundtable discussion in London.

The Association of Bermuda Insurers and Insurers (ABIR) organised the event, which is on the schedule for a Bermuda Business Development Agency delegation, led by Premier Burt, visiting the UK this week for a series of meetings aimed at building relationships and stimulating additional growth in the Island’s financial services industry.

The roundtable focused on the strong working relationship between two of the world’s leading re/insurance hubs. ABIR member companies supply substantial capacity for Lloyd’s of London Syndicates and many Bermuda-based global re/insurers have a presence in the Lloyd’s market. More than 8,000 people are employed in the UK by ABIR members.

Premier Burt said: “Bermuda’s international re/insurance industry is a substantial contributor to our domestic economy and a shining example of Bermuda’s value to the world as a leading provider of risk solutions.

“The Bermuda market’s long-established working relationship with Lloyd’s speaks to the island’s international relevance and I look forward to engaging with industry leaders as we work toward a continuation of this productive partnership.”

Premier Burt’s delegation included: Cheryl-Ann Lister, acting financial secretary; Sir Andrew Large, chair of the Bermuda Financial Policy Council; Kimberley Durrant, UK representative for the government of Bermuda; Brandon Sousa of the Bermuda government London office; and Jordan Scott-Furtado, assistant to the Premier.

The Lloyd’s of London leadership was represented at the roundtable by its chairman, Bruce Carnegie-Brown, and chief executive officer (CEO), John Neal.

“As two leading, global (re)insurance markets, Lloyd’s and Bermuda have a shared interest in building an even stronger insurance industry to provide insurance and risk solutions to our clients around the world,” Carnegie-Brown said.

“We’re privileged to have had the opportunity to host the Premier and our friends from Bermuda at Lloyd’s. It’s clear that by focusing on issues of mutual interest, there’s substantial scope to invest further in our existing partnership.”

Huff added: “Consumers around the world benefit from the synergies between Bermuda leading insurers and reinsurers and the Lloyd’s of London market. This relevance of our mutually beneficial working relationship has never been greater, as we strive to find solutions to the world’s largest and most complex risks, such as climate, cyber and closing the protection gap.”

Industry executives attending the meeting include: Stephen Catlin, founder and CEO of Convex and a past chair of ABIR; Hugh Sturgess, CEO of Arch Insurance International (on behalf of Marc Grandisson, ABIR chair); Kathleen Reardon, CEO of Hiscox Re; Hugh Brennan, CEO of RenRe Syndicate Management; Adrean Daws, CEO of Hamilton International; Mitch Blaser, co-CEO of Mosaic Insurance; Christian Dunleavy, croup chief underwriting officer of Aspen; Mark Cloutier, chairman and CEO of Aspen; Olly Reeves, group chief risk officer of Mosaic Insurance; and John Huff, president and CEO of ABIR.




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25 July 2022   Its member companies are hosting 91 paid interns in their Bermuda offices.
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