News Release: HAMILTON, Bermuda — President of Aon, Eric Andersen, will speak at the Bermuda Business Development Agency’s (BDA) inaugural Bermuda Risk Summit being held March 14-16, 2022.

The Bermuda Risk Summit is the first major, in-person risk event in Bermuda since 2019 and counts CEOs from some of the world’s largest property and casualty (re)insurers among its growing list of international speakers.

“The threats businesses face today are multi-faceted, complex and interconnected, and all require better data and insights as each decision can have a profound impact,” Andersen said. “Through the COVID-19 pandemic, perspectives on risk have changed as new forms of volatility have emerged, bringing horizon risks more clearly into view and highlighting the need to innovate on behalf of clients. I look forward to participating in this event, which will bring together industry leaders and experts to discuss the most pressing issues our clients are facing, as well as the solutions to address those needs.”

David Hart, BDA CEO said, “We are thrilled that the President of global professional services firm Aon, Eric Andersen, has accepted our invitation to deliver a keynote address at our Bermuda Risk Summit. We encourage anyone who is interested in learning about how Bermuda can help close their protection gap prior to the upcoming mid-year policy renewal season, to register to attend. In addition, I am pleased to announce that Aon is joining us as our third and final diamond sponsor, alongside the Association of Bermuda Insurers & Reinsurers (ABIR) and EY. The BDA also thanks gold sponsor Appleby, silver sponsors Ariel Re, Kirkland & Ellis, KPMG, and SiriusPoint, as well as the Florida Insurance Council and Meenan PA for their generous support.”

Prospective attendees can register here – highlights from the three, half-day agenda follows:

FIRESIDE CHAT WITH THE PREMIER OF BERMUDA

Hear Bermuda’s Premier describe why Bermuda is the best place in the world to create solutions for the world’s most complex risks, including our capital efficiency, innovative spirit, culture of collaboration and technological prowess.

GLOBAL BROKERS UPDATE

Hear the world’s leading intermediaries discuss their leadership and collaborations to close the risk and climate protection gap.

·                     Rob Bredhal, CEO, Tiger Risk

·                     Jonathan (Jake) Clark, Managing Director, Guy Carpenter

·                     Paul Scope, Chairman, Ed Broking

·                     Anup Seth, Managing Director, Aon Bermuda

STANDING THE TEST OF TIME – BERMUDA CAPTIVE SECTOR: 60 YEARS STRONG

Fred Reiss, the “father of the captive industry,” created the first captive in Bermuda in 1962. Sixty years on and this sector continues to innovate, with owners finding new uses for their captives. Moderator:  Tom McMahon, EVP, Davies Captive Management Ltd. Panelists:

·                     Mark Allitt, Managing Director, Sector Lead – Insurance, KPMG

·                     Sarah Demerling, Partner, Walkers

·                     Kiki Oyemhen, VP Insurance Executive, Marsh Captive Solutions

·                     Leslie Robinson, SVP, Head of Underwriting & Claims, Willis Towers Watson

HOT OFF THE “FLOOR” – FLORIDA LEGISLATIVE UPDATE

Straight out of Florida’s legislative session, senior policy experts provide an insider’s look at what happened, what did not, and what remains to be done.

·                     Ashley Kalifeh, Partner, Capital City Consulting

·                     Timothy Meenan, Regulatory and Legislative Attorney, Meenan P.A.

·                     Cecil Pearce, President, Florida Insurance Council

BRIDGING THE CYBER COVERAGE GAP

Given the continued gap between need and pricing, this panel of experts discuss how to manage cyber risks effectively. Moderator: Tracey Gibbons, Head of Office, QBE Re. Panelists:

·                     Patrick Bousfield, Senior Broker, Lockton Re

·                     Ari Chatterjee, CUO, Envelop Risk 

·                     Yosha DeLong, SVP, Global Head of Cyber, Mosaic            

·                     Noel Pearman, SVP, Cyber Product Line Leader, AXA XL

THE RISE OF INNOVATIVE INSURTECH

This panel will discuss how Bermuda’s tech-driven solutions are reshaping the reinsurance landscape and increase efficiencies. Moderator, Mitchell Klink, Associate Partner, Financial Services Consulting, EY Bermuda. Panelists:

·                     Sandra DeSilva, CEO & Chief Software Architect, Nova

·                     Prashanth Gangu, COO and President of Insurance & Services, SiriusPoint

·                     Bill Keogh, Operating Partner & COO, EOS Ventures

·                     Josephine Noddings, Counsel, Appleby

Effective March 7, visitors whose COVID vaccinations are up to date only need a supervised antigen pre-departure test within two days of departure, and no further testing will be required on arrival in Bermuda.

Located in the Hamilton Princess & Beach Club, the Risk Summit will include morning panels, roundtable discussions and lunch presentations, leaving afternoons free to enjoy excursions, meetings, or networking. According to the revised arrival protocols, children 11-years-old and under will follow the policy of their parents and we are encouraging delegates to bring their families to stay in Bermuda the week before, or after, the conference.  Our media partner is The Insurer, and our spirits partner is Goslings.