5 March 2021

Bermuda Captive Conference to go ahead as a virtual event in June

The 17th annual Bermuda Captive Conference (BCC) will be held as a virtual event on June 14-15, 2021.

The event is free to attend and registration will open in coming weeks, the organisers said.

The 2020 BCC, held as a virtual event for the first time, drew 900 virtual attendees, and organisers expect this year’s event to attract a record number of captive owners, risk managers and insurance service-providers.

Organisers said the decision to hold a second virtual conference was made in acknowledgement of ongoing travel restrictions. BCC promised more content than last year and new opportunities for attendees to participate in thought-provoking roundtable discussions, schedule meetings with attendees and engage in live networking with sponsors.

The theme for the conference is “resilience”, reflecting the captive industry’s response to a year of unprecedented uncertainty since the COVID-19 pandemic began.

Leslie Robinson, the chair of the conference, noted that the event in 2020 had highlighted instances of captive owners making huge adjustments operationally in light of the global pandemic. “We had over 200 captive owners attend our virtual event in 2020 and we hope to attract even more this year and to demonstrate how they can innovatively tackle new and emerging risks facing all sizes of business – and to remain resilient in today’s rapidly-changing environment,” she added.

Bermuda is home to 680 captive insurance companies as of December 31, 2020, generating over $40 billion in annual gross written premiums. The sector recorded continued growth in 2020, registering 12 new entities, according to Bermuda Monetary Authority figures.