Re-Insurance

Bermuda will highlight America’s Cup at RIMS

  • Island story: Michael Dunkley will be the first Bermuda Premier to address the RIMS conference when he speaks at next week’s event in Philadelphia

Bermuda’s hosting of the America’s Cup is to be highlighted by business leaders and Michael Dunkley, the Premier, at the Risk Insurance Management Society conference in Philadelphia next week.

Mr Dunkley will join representatives of the Bermuda Business Development agency, the Bermuda Monetary Authority, fellow ministers and representatives from the island’s insurance and reinsurance industry.

The Bermuda booth at the conference will have an America’s Cup theme.

Ross Webber, CEO of the BDA, said: “The America’s Cup has a natural synergy with Bermuda’s brand of global business and tourism.

“It’s about quality and longevity and our insurance industry embodies both these characteristics.

“We’re proud to represent the island at RIMS and celebrate Bermuda’s economic contribution worldwide.”

Mr Dunkley will be the first Bermuda Premier to address the conference. He will join four other island-based or related speakers at the conference, namely Brian Quinn, founding director of Granite Management, Al Gier, president of the Bermuda Captive Owners Association and global director of corporate risk management and insurance at General Motors, Brad Kading, president and director of the Association of Bermuda Insurers and Reinsurers and Stephen Catlin, executive deputy chairman of XL Catlin and also chairman of the Insurance Development Forum.

Bob Richards, the Finance Minister and Grant Gibbons, Minister for Economic Development, will also attend the event.

The Bermuda booth is a two-storey structure with island architectural styling and will feature nautical additions, as well as America’s Cup videos and promotions to encourage delegates to visit the island.

The BDA will partner with the BTA and Gosling’s Rum to host a special Bermuda reception on board the Moshulu, the largest original windjammer still afloat, which has featured in Hollywood movies, including the classic Godfather II.

Mr Dunkley said: “We are honoured to be part of the new executive leadership track debuting at RIMS and I’m looking forward to telling the Bermuda story.

“RIMS is such a highlight for us — from the Bermuda booth being featured in the Exhibition Hall to our hosting of the Bermuda reception.

“It’s an important opportunity to showcase why Bermuda is such a unique and resilient financial centre.”