The Bermuda Business Development Agency (BDA) has targeted the US in its latest captive webinar.
The BDA has teamed up with industry partners to spotlight the advantages to US corporations of setting up a captive insurance company in Bermuda during an hour-long webinar.
It will also highlight the regulatory, legal and tax issues as well as the substantial benefits of establishing a Bermuda captive—including risk management, asset protection, and efficient access to the global reinsurance market via Bermuda-based companies, said the BDA.
Rochelle Simons, of the Bermuda Captive Owners Association (BCOA), will moderate the discussion.
Speakers include: Butch Agnew, vice president of Dyna Management Services; Joe DaSilveira, senior vice president of Liberty Mutual Management (Bermuda); Leslie Robinson, assistant director of corporate authorisations for the Bermuda Monetary Authority; and William McCallum, managing director of tax, at KPMG Bermuda.
Jereme Ramsay, BDA business development manager, said: “This is our second BDA webinar, following a successful debut we hosted earlier this year. Our focus is US businesses that could benefit from setting up a Bermuda captive insurance company, including those in the growing healthcare sphere. We thank our industry colleagues for sharing their expertise to heighten the visibility of Bermuda’s thriving captive insurance business.”
Simons added: “We have an excellent panel of experts lined up for this event. We intend for it to be informative and useful to any executives who may be considering setting up a captive insurance company, and offer details on why Bermuda can best suit their needs.”
Bermuda, Bermuda Business Development Agency, BDA, North America, BCOA