BDA: The Bermuda Angle Business News: Future private and public sector growth will be inextricably linked to sustainability and addressing our world’s climate crisis. The Bermuda Business Development Agency, led by the Bermuda Government, and in collaboration with the private sector, has launched an effort to establish and promote the jurisdiction as the world’s climate risk finance capital.
The initiative intends to make climate risk finance an additional leg on Bermuda’s economic stool, along with Bermuda’s globally recognised leadership in (re)insurance, Insurance-Linked Securities (ILS), and professional services.
Through climate-related efforts and initiatives, Bermuda will play a critical role helping high-risk regions bolster their financial resilience to the rising tide of climate peril – an escalating trend that sees worsening natural disasters.
For more information visit bda.bm/industries/climate-risk-finance/.