Bermuda captive conference to go ahead as virtual event

The 2020 Bermuda Captive Conference will be held virtually for the first time this year, amid continued uncertainty about when COVID-19 social distancing measures will be eased.

The event will run from September 9-11. The theme of the 2020 Bermuda Captive Conference is ‘Vision’ and the agenda has been developed to give a forward-looking view of the market, including analysis of the likely impact of the global pandemic on the market.

Registration will be launched in the coming weeks. The virtual conference will feature educational sessions, keynote speaker and a trade floor showcasing industry support services and related organisations. Confirmed sponsors to-date for the 2020 virtual event include: HSBC, PwC Bermuda, the BDA, SunTrust Bank, Texas Capital Bank, Beecher Carlson, Appleby, Conyers, Liberty Mutual, MAXIS Global Benefits Network, R&Q, Allianz, AM Best, Artex, Arthur Morris, BNY Mellon, Comerica Bank, CT Insurance, Deloitte, Kennedys, KPMG in Bermuda, Ocorian and Clarien Bank.

Leslie Robinson, Bermuda Captive Conference chair and head of underwriting and claims at Willis Towers Watson Management in Bermuda, promised the event will deliver the same top-quality speakers and informative industry perspectives as its physical conferences. “We have ensured there is an ability to network and connect directly with other captive owners and service providers, and have made it easy to do so on the new virtual platform,” Robinson said.

Holding the conference virtually will enable more participants to get involved, Robinson added.

Roland Andy Burrows, chief executive of the Bermuda Business Development Agency (BDA) said: “At a time when the market is hardening, and amid the current uncertainty, captives may well be an attractive option for businesses in a range of industries reexamining their risk management solutions.”

John Huff, president and chief executive of the Association of Bermuda Insurers and Reinsurers (ABIR), said: “Resilience is in Bermuda’s DNA, as the home to some of the largest international insurers and reinsurers.  Although Bermuda’s leading re/insurers physical offices are slowly opening, commerce has remained opened throughout the COVID-19 pandemic, utilising technology to keep revenue transactions flowing, pay global claims and underwrite new business.”