HAMILTON, Bermuda–(BUSINESS WIRE)–The Bermuda Business Development Agency (BDA), is pleased to announce that it has secured two lead sponsors for its second annual Bermuda Risk Summit to be held March 6-8, 2023.
The theme for the Bermuda Risk Summit 2023, presented by the BDA, is “Innovation, sustainability and collaboration.’
David Hart, CEO of BDA, said: “We greatly appreciate the generous support of our industry stakeholders and partners and are delighted that the Association of Bermuda Insurers and Reinsurers (ABIR) and EY have both returned. as lead sponsors of our second annual Bermuda Risk Report. Summit. Last March, the BDA was proud to host the first in-person risk event in Bermuda since the pandemic began. And as remarkable as the inaugural Risk Summit was, we are confident that the second annual Bermuda Risk Summit will surpass it by showcasing our strengths as the venture capital of the world.
The immediate economic impact of the 2022 event, which brought together a total of 350 delegates (including 80 from abroad), including accommodation, transport, catering, retail and leisure, has was estimated at over $1 million, and supported approximately 200 jobs, not including additional visitors who flew to Bermuda for business meetings around the event. As we head into the important June 1 renewal season, we anticipate another very high level of attendance in March 2023.
Marc Grandisson, president of the Association of Bermuda Insurers and Reinsurers (ABIR) and CEO of Arch Capital Group Ltd. in 2023 as part of our continued long-term commitment to Bermuda and our international market. As the most innovative and responsive (re)insurance marketplace in the world, ABIR’s goal is to support this event to provide our members and stakeholders with an ideal opportunity to meet new and existing ones, share ideas and best practices face-to-face, and foster client-centric solutions to close the global protection gap.
John Huff, President and CEO of ABIR, said, “Bermuda’s market value proposition of protecting consumers from natural disasters once again delivers as it is expected that Bermuda is supporting billions for Americans recovering from Hurricane Ian. The Bermuda Risk Summit is an ideal event to experience the peace of mind and innovation offered by Bermuda’s enormous capital and claims-paying capacity.
Jessel Mendes, Partner and Head of Regional Markets Bahamas, Bermuda, British Virgin Islands and Cayman Islands, said: “EY is very pleased to return as Presenting Sponsor of the second annual Bermuda Risk Summit. High quality forums like this are a great opportunity to showcase all aspects of Bermuda’s premier global (re)insurance market and we are delighted to be a part of it. Bermuda is known as the world’s venture capital, a well-deserved reputation built on a strong track record of innovation, growth, teamwork and our ability to respond to market demands. At EY, we will leverage our global networks to showcase the Summit, Bermuda’s world-class reputation and provide valuable insights and insights into the latest industry developments and trends. We look forward to teaming up with BDA again and building on last year’s success.
The BDA is also pleased to announce that SS&C has joined us in sponsoring our Opening Reception, and AM Best is the Lanyard Sponsor. Other sponsorship opportunities are still available. Please email [email protected] if you wish to participate.
Content planned for the three half-day summit at the Hamilton Princess Hotel includes a conversation with the Premier of Bermuda, a panel session with the CEO, and a panel comprised of local and foreign regulators.
Other topics and industries to discuss include Investors, Brokers, Rating Agencies, Insurance Related Securities (ILS), Cyber/Specialty Lines, Run-off, Life, InsurTech, Florida post-Ian and the future of risk.
Also included in the $395 early bird registration price are main lunches, networking breaks and lunches, a beachside party at the Hamilton Beach Club, and an island lunch cruise.
Visit our event webpage to register. To reserve your room, please call 1-441-295-3000 or the Global Reservations Center at 1-800-441-1414. Otherwise, click here to book your room online. Please use the reservation code: “Bermuda Tech Summit” to take advantage of the preferential rate.
The BDA encourages direct investment and helps businesses start, relocate or expand their operations in our premier jurisdiction. As an independent public-private partnership, we connect you with industry professionals, regulatory officials and key contacts within the Bermuda government to help you make domicile decisions. Our objective? To make doing business in Bermuda smooth and profitable.
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