12 June 2019Analysis

Cox’s Fred Reiss award well deserved, says Bermuda finance minister

Jeremy Cox, the executive chair of the Bermuda Monetary Authority, was yesterday honoured for his work with a lifetime achievement award.

He was presented with the  Fred Reiss Lifetime Achievement Award  at the Bermuda Captive Conference for dedication to the Bermuda market.

Cox said: “I want to thank everyone who helped to make this happen. It means a lot to me personally.

“I must thank the BMA team because you do not get awards without a tremendous effort from everyone at your organisation.”

Also receiving awards were Fairtide Insurance, Iboba Insurance, Pitts Bay Insurance Company and Trimark Insurance  who all received Hall of Fame awards - highlighting each company’s 25 years commitment to the Bermuda market.

The conference, which attracted delegates from countries including the UK, US, Japan, The Bahamas, Chile and Canada, was addressed by the Bermuda Government’s finance minister, Curtis Dickinson, who said: “You are highly valued.

“You are a vital part of our business community and we credit you as an important stakeholder. What are the secrets of our success? Our location and our pool of world class talent.”

He said there were about 15,000 residents in Bermuda who were involved in the financial, legal or regulatory expertise in the Transatlantic markets.

“Our success has been built on our reputation. It is about the Bermuda brand. It is about quality over quantity.”

This year as part of its sustainability efforts conference organisers made the decision not to use any plastic bottles. It also donated $5,000 to the charity, Big Brothers Big Sisters of Bermuda.