Bermuda Insurance Market Conference Held
Bermuda Insurance Institute [BII] recently held their 4th annual Bermuda Insurance Market Conference [BIMC] where both local and international experts gave presentations and participated in panel discussions.
Sir Russell Coutts, CEO of the Americas Cup Authority gave the key note address at the conference which took place at O’Hara House on Thursday, 8th and Friday 9th of October 2015.
Conference Chairman Shannon Totten and the BII team were pleased with this year’s conference.
Mrs. Totten had this to say, “The BII has proudly and successfully served the educational needs of the island’s re/insurance industry for over 40 years.
“We have embraced the changing needs of the industry’s intellectual capital in recent years by vastly broadening our offerings to address all career stages; from the introductory level up to executive leadership courses from institutions such as Wharton and Harvard.
“The BIMC presented a tremendous opportunity to hear from the highest caliber of global professionals in their respective fields while staying right here in Bermuda.”
Presentations covered the world of cyber as well as the emerging industry risks of medical/legalized marijuana.
Presenters for these panels included experienced attorneys from the U.S. firm of Traub Lieberman Straus & Shrewsberry LLP. A thought-provoking ‘big data’ analytics panel included presenters from Praedicat [Los Angeles], Arium [London] Advera Health [Boston] and Pharm3r [New York].
Local experts also shared their knowledge of professional lines with emphasis on the rise of the derivative lawsuit. This panel included individuals from Allied World Assurance Company [AWAC] and Aon Financial Services group.
Also included in this year’s conference were panels on railroad liability with seasoned professionals from Price, Forbes, & Partners [Bermuda], Aon [U.S.], and Endurance [Bermuda].
Additionally, XL Catlin [Bermuda] led a panel highlighting unconventional healthcare risks with panelists from XL Catlin, Hiscox, and Integro [Bermuda]. XL Catlin also led a legal panel with experts from Bermuda and the U.S.
Significant updates were provided to attendees by The Association of Bermuda Insurers and Reinsurers [ABIR] and the Bermuda Business Development Agency [BDA]. ABIR’S presentation focused on Bermuda’s navigation of international regulatory developments while the BDA encouraged those present to be ambassadors for Bermuda and our role as a key off shore destination for insurance practice.
BII CEO, Dr. Dawnnelle Walker said,“Our goal is to provide relevant, meaningful development opportunities for the insurance and related industries in Bermuda. The Bermuda Insurance Market Conference is one of the key events on our calendar, and each year it goes from strength to strength.”
Sponsors of this year’s event included: ACE, Arch, Endurance, and XL Catlin at the Gold level. ABIR, AWAC, AON, Ariel Re, BDA, Bowering Marsh, JLT, Lockton, OIL, Willis and The Institutes at the Silver level.
In addition to sponsoring the event several companies provided free tickets to persons aspiring to enter the insurance industry and/or those who other wise may not have been able to attend. ABIR, ACE, Aon, and OIL were among the companies who provided free tickets.
