26 February 2016Actuarial & underwriting

Coca-Cola execs to attend BDA captive roadshow in Southeast US

An industry delegation led by the Bermuda Business Development Agency (BDA) will reach out to top-level executives in the Southeast United States next month to promote the benefits of Bermuda-based captive insurance. The CFO Forum roadshow is part of a new programme of regional US business development tours to be carried out by the BDA this year.  Comprising representatives from the agency, the island's insurance sector, the Bermuda Monetary Authority (BMA), plus large US-based corporations that benefit from Bermuda captives, the panel sessions will visit Atlanta, Georgia March 15 and Raleigh, North Carolina March 17. Representatives from the Coca-Cola Company and Baker & McKenzie law firm are part of the line-up in both key regional cities. The Bermuda contingent includes representatives from Granite Management, KPMG (Bermuda), the BMA, Conyers Dill & Pearman, and Willis Tower Watson.  Each forum will have two sessions, the first focusing on captive solutions with a case study, the second on regulatory, legal and tax issues with another case study. These are the first of four captive insurance executive forums the BDA will conduct in the US in 2016, with further visits planned for late October to Chicago and Boston.  "BDA-led forums are an invaluable opportunity for delegates to gain first-hand knowledge of Bermuda's captive solutions to risk-management challenges," said Jereme Ramsay, business development manager, BDA.  "This roadshow includes a panel of captive insurance managers, regulatory experts, plus testimonials from active captive owners representing Fortune 500 companies. We're inviting C-suite financial executives and risk managers to attend, at no cost, as it will allow them to connect with our island's leading industry partners in an exclusive setting."