Bermuda Captive 20th Anniversary Event
The Bermuda Captive Network is celebrating the 20th anniversary event of the Bermuda Captive Conference with a “stellar roster of sessions, speakers, sponsors and networking. ”
A spokesperson said, “Organisers are expecting to welcome in the region of 400 attendees to next week’s event, hosted at the newly renovated PIER 6 in Hamilton, Bermuda, on September 9th and 10th, 2024.
“Marking two decades of excellence, this year’s conference is set to be the most dynamic and insightful yet, bringing together industry leaders and professionals from around the globe for thought leadership, education, and invaluable networking opportunities.
“The 2024 conference, themed ‘Navigating Captive Horizons,’ features a comprehensive agenda filled with keynote presentations, panel discussions, and interactive sessions that explore the latest trends, challenges, and innovations in the captive insurance industry.
“The carefully designed event agenda was developed in partnership with members of the Bermuda Captive Network who formed this year’s Agenda Committee. Each session has been thoughtfully crafted to address the most pressing topics in the captive industry, with a strong focus on innovative strategies and the robust regulatory framework that Bermuda offers to captives globally.
A highlight of sessions includes:
- “Conference Welcome and Keynote Address: The event will kick off with a welcome from Bermuda Captive Conference Chair Thomas McMahon, joined by The Hon. Jason Hayward JP MP, Minister of Economy and Labour, who will discuss Bermuda’s economic development and outlook for the future.
- “Setting the Standard in Jurisdictional Excellence: These sessions will showcase Bermuda’s leadership in jurisdictional excellence, regulatory transparency, and innovation, with insights from top industry experts and includes a series of Bermuda Shorts, TED-style talks that provide quick, focused insights on data privacy, beneficial ownership disclosures, and regulatory updates that impact captives and the broader Bermuda regulatory landscape.
- “Captive Wealth: Investment Management Strategies for Sustainable Growth: A session that focuses on approaches to achieving long-term stability and growth, considering factors such as interest rates, diversification, risk management, and strategic asset allocation.
- “Benefits of Risk-Pooling & MGAs: These sessions discuss the evolution of risk pooling and how it can optimise a captive’s effectiveness with practical examples and expert insights, as well as how MGAs leverage the latest technologies and best practices to optimise operations within the captive insurance landscape.
- “Maximising Your Captive’s Value & Parametric Innovations: Highlighting the importance of strategic planning and how collaboration between service providers and risk managers can enhance the long-term success of captives, as well as another series of Bermuda Shorts that offer perspectives on how parametric solutions can address coverage gaps, support underserved markets, and manage geopolitical risks.
- “[Re]insurance Markets: Navigating Capacity, Rates, and Beyond: A highly anticipated session that maps the latest trends in the [re]insurance market, including capacity adjustments and rate changes, and their implications for captive owners.
- “Fiscal Horizons: Exploring the Effect of Corporate Income Tax in Bermuda: A must-see discussion that provides insights into Bermuda’s upcoming Corporate Income Tax and its impact on the captive insurance market, with guidance on steps captives need to take.
- “Market Expansion in Latam, Healthcare Risk and the Growing Attraction of Mutuals: These sessions explore the growing role of Latin America in Bermuda’s captive market, market trends and strategies for captives in the healthcare sector and the unique benefits of Bermuda’s mutual captives, their capital structure, and their relevance in today’s market.
- “MacroEconomist View: How Global Events Shape Captive Strategies: The session finale comes in the form of a discussion from global economic experts, as they provide insights on how world economic trends impact captive insurance strategies and how organizations can adapt to optimise risk management and financial planning.
“Additionally, at the opening of the event on September 9th, the Bermuda Captive Conference will proudly announce this year’s Lifetime Achievement Award, presented to honor an outstanding leader whose career has greatly advanced the industry and its global reputation.
“Alongside this, the Bermuda Captive Network will recognize the inductees for the 2024 Captive Hall of Fame, which recognises locally domiciled captives who have been active in Bermuda for 25 years. This year’s inductees include: Bread Reinsurance Ltd., Sedgwick Bermuda AGI [SAC] Limited, S&S Reinsurance Ltd., Bluewell Reinsurance Company [Bermuda] Ltd., Palo Verde Insurance Company Ltd., Norfolk Reinsurance Company Ltd., Flagstaff Insurance Company Ltd., EmPRO International Limited, Evergreen Insurance Company Limited, WYNDHAM Insurance Company [SAC], Artex Axcell PIC Ltd., Potomac National Security Reinsurance Ltd., Noah Insurance Company Ltd., Capstone Insurance Company Ltd. And Trinity River Insurance Co. Ltd.
“To celebrate the 20th anniversary, the Bermuda Captive Conference will feature a variety of social and networking events, sponsored by leading industry partners:
- “Opening Cocktail Reception: Sponsored by PwC Bermuda, this reception will set the stage for networking among peers, speakers, and exhibitors in a relaxed and welcoming environment.
- “Networking Breakfasts: Kicking off each morning with a networking and refreshments, this year’s breakfasts are sponsored by Pinnacle Actuarial Resources and Oppenheimer & Co. The event also sees the return of our barista coffee bar, sponsored by Morgan Stanley.
- “Networking Lunches: Sponsored by Verve Risk Services on September 9 and Truist Bank on September 10, these lunches provide an excellent opportunity to discuss session insights, share experiences, and build relationships.
- “Networking Breaks: Attendees can enjoy refreshing networking breaks sponsored by Grant Thornton Bermuda, Performa, and the Bermuda Business Development Agency, allowing them to continue conversations sparked in the sessions.
- “Closing Cocktail Reception: The conference will conclude with a cocktail reception sponsored by Aon, where delegates can reflect on their learnings and connections made over the past two days.
Thomas McMahon, Executive Vice President of Davies Captive Management and Chair of the Bermuda Captive Conference, shared his excitement: “As we celebrate the 20th Bermuda Captive Conference, we are proud to present a programme that reflects both our legacy of excellence and our forward-looking approach to the future of the captive sector. We have brought together an exceptional line-up of speakers, sessions, and networking opportunities that address the key challenges and opportunities in today’s market. We look forward to welcoming our delegates to Bermuda for a highly engaging and insightful event.”
“This year’s Bermuda Captive Conference is a must-attend event for professionals in the captive insurance sector, with a number of sessions offering Continuing Professional Development [CPE] credits from the ICCIE, who are also celebrating their 20th anniversary year. It’s not too late to join in celebrating 20 years of leadership, innovation, and collaboration in the industry.
“The Bermuda Captive Conference thanks all of its 2024 sponsors: Aon, Barclays, Butterfield, Morgan Stanley, PwC Bermuda, Conyers, AIG, Appleby, Artex, Carey Olsen, Clarien Bank, Computershare Corporate Trust, Davies, Deutsche Bank, Deloitte, Fenwick, HSBC Bank Bermuda, IML, Liberty Mutual Management [Bermuda], Mercer, Milliman, Ocorian, Truist Bank, Verve Risk Services, Wakefield Quin, Yousif Capital Management, Bermuda Business Development Agency, AM Best, ASW Law, Brown & Brown, CT Insurance Management, Comerica, EY Bermuda, Forvis Mazars, Grant Thornton Bermuda, KPMG in Bermuda, Marsh, Oppenheimer & Co, Performa, Pinnacle Actuarial Resources, WTW, Xitus Insurance, Kennedys and Event Partners BermudAir, Scimitar, Bermuda Gin, Goslings and Eco Spirits.
“For more information on speakers, sponsors and to register, visit www.bermudacaptiveconference.com.”
