The 2020 Bermuda Captive Conference will be hosted on a virtual platform for the first time in response to the continued uncertainty from Covid-19.
The event, scheduled for September 9 to 11, will examine trends in the global captive market and bring together industry professionals online.
Traditionally the largest event on the island’s insurance conference calendar, it usually attracts hundreds of delegates to its regular host hotel, the Fairmont Southampton.
Leslie Robinson, Bermuda Captive Conference chairwoman and senior vice-president, head of underwriting and claims at Willis Towers Watson Management in Bermuda, said: “Bermuda is known for its innovation and operational resilience and so, in light of the difficulty to plan for a physical event this coming September, we have decided to host a virtual conference.”
She added: “We are pleased to confirm attendees will hear from the same top-quality speakers providing informative industry perspectives that are a staple of our 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. We’re excited about the opportunity this gives us to reach an even broader captive audience.”
Roland Andy Burrows, chief executive officer of the Bermuda Business Development Agency, said: “Despite the challenges presented, Bermuda’s international business sector remains completely open, delivering optimal service to clients and key markets.
“The Bermuda Captive Conference is no exception and has transitioned itself to a virtual environment with impressive ease. 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 re-examining their risk management solutions.
“Given the timeliness and relevance of this event, it is pleasing to see the organisers have been able to provide an engaging platform for these important discussions and connections to continue.”
John Huff, CEO of the Association of Bermuda Insurers and Reinsurers, 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.
“I am pleased that the Bermuda Captive Conference will go forward utilising a virtual platform, as it will offer a valuable forum for thought leadership on current global issues highlighted by the current pandemic.”
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.
The conference will aim to demonstrate to risk managers who may not have considered captive insurance before, and owners of existing captive insurers, how they can innovatively tackle the risks faced by all sizes of business in this new environment.
The conference will feature educational sessions, keynote speakers and a virtual trade floor showcasing industry support services and related organisations.
The event is expected to attract new captives, as well as captive insurance managers, brokers and service providers, corporate risk managers, and owners of captive insurance companies.
Confirmed sponsors to-date for the 2020 virtual event include: HSBC, PwC Bermuda, The Bermuda Business Development Agency, 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.
The fee to attend the event will be $100 — captive owners, domestic and international, will not be charged.