5 June 2019Analysis

Four added to Bermuda’s Captive Hall of Fame

Fairtide Insurance, Iboba Insurance, Pitts Bay Insurance Company and Trimark Insurance have been admitted to Bermuda's Captive Hall of Fame.

The accolade is given to those that have completed 25 years of business on the island, meaning the four companies commenced their Bermuda operations in 1994.

The Hall of Fame was created in 2016 to highlight captive entities with a long standing commitment to the Bermuda market. There are now more than 200 Bermuda-based companies in the Hall of Fame.

The latest group of inductees will be celebrated at the Bermuda Captive Conference at the Fairmont Southampton, which is expected to attract some 800 delegates, including captive insurance owners, risk managers, captive managers, sponsors, and vendors from the United States, Canada, Latin America, and the UK. Panels will discuss topics including insurtech, cyber-risk, climate change and healthcare.

Mike Parrish, chair of the conference, said the companies had chosen Bermuda for their “innovation, reputation and world-class regulation and expertise.”

The Fred Reiss Lifetime Achievement Award, won by BMA executive chair Jeremy Cox, will also be presented at the conference.