16 June 2016Bermuda analysis

Captive conference organisers hail record-breaking attendance

With a record-breaking attendance of more than 800 delegates, of which half were overseas participants, this week’s Bermuda Captive Conference has been hailed a major success by organisers.

The three-day conference, which wrapped at the Fairmont Southampton Resort yesterday (Wednesday June 15), attracted a total of 809 delegates in its 12th year—with more than 50 percent travelling to Bermuda from the US, Canada, Latin America, and the UK.

Attendees included 147 captive insurance owners, 70 sponsors, 49 vendors, plus a total of 900 hotel room nights booked during the event’s duration.

“By every measure, this year’s conference has been a great success,” said conference chair David Gibbons. “From the number of attendees, the number of companies represented, the number of business meetings that took place, and the strength of both the social events and educational sessions, we have received nothing but positive feedback. It’s evidence of renewed growth in our sector, and it sets us up very well for next year’s event.”

Premier Michael Dunkley officially opened the conference on Monday, welcoming delegates and calling the event a “staple on the calendar of required captive insurance events”.

“You already know that you are doing business with the finest captive professionals in the world—not just the excellent captive and insurance managers, but also the accountants, lawyers, bankers, brokers and other individuals who make up our industry,” the Premier said.

“Our leading insurance professionals are known for their innovation and exceptional service, and you can be assured that you are part of a vibrant Bermuda market.”

The Bermuda Captive Conference will shift to the fall in 2017 to avoid a clash with the America’s Cup, and has been scheduled for September 11–13.