27 August 2013

BBDC will offer greater focus on captives

Bermuda Business Development Council (BBDC) board member Lawrence Bird told Captive International that the domicile's absence from the Vermont Captive Insurance Association Conference does not indicate a strategic shift or change in priorities.

According to Bird, captives can expect an even greater focus from the newly created BBBDC. He said: “with the combining of the various marketing groups in Bermuda so that they fall under the wing of the new BBDC, all areas of international business can expect a greater focus. In terms of marketing our vital captives market, we have many representatives from usually competing service providers working together to come up with yet more innovative ideas for our industry and to target new and existing markets.”

He continued: “the returns are already being seen with new captive formations and re-domiciliations to Bermuda. This tremendous collaboration amongst service providers and peers show well that whilst Bermuda may still be the largest captive domicile by far, we are not complacent and are determined to remain ahead of the field in this industry sector.”

More on this story

21 February 2022   Lawrence Bird flies from Marsh after more than two decades.
Actuarial & underwriting
20 April 2016   The Bermuda operations of captive manager Marsh IAS has appointed Jill Husbands as chairman and Lawrence Bird as head of office for Marsh IAS in Bermuda.
30 May 2013   The Bermuda captive sector continues to power ahead, with opportunities emerging in Canada, Latin America, healthcare and within the mid-sized market. Lawrence Bird gives his thoughts on the state of play.