23 September 2015Re/insurance

BDA to host webinar on Bermuda’s expanding healthcare insurance market

The Bermuda Business Devlopment Agency (BDA) has announced it will host a webinar later this month concentrating on Bermuda’s expanding healthcare insurance market.

Of particular interest will be how healthcare policy changes in the US under the 2010 Affordable Care Act (ACA, or more commonly ObamaCare), have driven mergers of hospitals and other healthcare entities and expanded Medicaid coverage to millions more Americans – leading to a greater demand for healthcare captives to offset a higher level of potential risks.

An expert panel will discuss these trends and the ways in which the Bermuda insurance market has responded with innovative risk-transfer products.

Also included in the hour-long webinar are regulatory, legal and tax issues as well as the substantial benefits of establishing a Bermuda healthcare captive, including risk management, asset protection, and efficient access to the global reinsurance market.

The webinar will be broadcast at 12pm (Bermuda-Atlantic Standard Time) on September 30. Those who register will receive online access to the live webinar, which will be followed by a question-and-answer session, and a post-webinar download of the presentation.

Speakers include Oceana Yates, vice president, captives R&Q Quest Management Services; Butch Agnew, vice president, Dyna Management Services; and Anne Sousa, senior vice president, casualty healthcare, Aon Risk Solutions.

Yates said: "With more captives than any other domicile in the world and now on track to achieve Solvency II equivalence, Bermuda continues to be at the forefront of global captive developments.

"Much investment has been made in providing truly innovative and relevant solutions to healthcare-related entities. As a result of the new legislation in the US, there has been an increase in American hospitals employing physicians who were traditionally self-employed, buying physician groups and entering into joint ventures with other entities to help manage healthcare costs.

“The expansion of the reach of hospitals and other healthcare facilities is driving this captive growth in Bermuda."

Those who wish to register for the event can do so here.