News Release: HAMILTON, Bermuda – A panel of Bermuda reinsurance CEOs offer a unique lens into optimising capital deployment, risk management, and the dynamic forces shaping the industry’s future at the 2024 Bermuda Risk Summit, presented by the Bermuda Business Development Agency (BDA), inpartnership with the Association of Bermuda Insurers and Reinsurers (ABIR) and EY.

The panel entitled, ‘Putting Capital to Work: A View From the Top’ will be moderated by John Huff, CEO, ABIR and features panelists, Peter Bell, CEO and Managing Director, Everest Reinsurance Bermuda, Mark Cloutier, Executive Chair and Group CEO, Aspen, Kathleen Reardon, CEO, HiscoxRe + ILS, and Paul Simons, CEO, Convex Re.

John Huff said: “It is a pleasure to once again be moderating a panel at the Bermuda Risk Summit, which ABIR has been a headline sponsor of since its inception three years ago. I look forward to asking these CEOs why Bermuda remains the world’s risk capital, as well as discussing our global prominence as a property and casualty market. It also speaks to Bermuda’s significance that we continue to attract such regulatory heavy hitters, including the President of the National Association of Insurance Commissioners (NAIC), four NAIC commissioners, as well as Steven Seitz, Director of the Federal Insurance Office (FIO), all travelling to participate in the summit.”

Mark Cloutier said: “The summit comes at a time of strong performance from the Bermudian reinsurance sector which makes it the perfect time to reflect on what we are doing well as an industry, as well as how we can seek to improve. One of the most unique aspects of Bermuda’s risk market is how you can gather the most influential players, from government, to the regulator and the private sector all in the same room to collectively think about where the risk and insurance industry needs to go next.”

Other panels taking place at the Bermuda Risk Summit, being held at the Hamilton Princess & Beach Club from March 13-15 include Market View: Global Regulators, Lloyd’s – Bermuda: A Shared Perspective, Legacy Redefined, and ‘Securing Tomorrow: Developments in Cyber Risk Strategy.

A full agenda is available online. Potential delegates are encouraged to register before the end of our price discount period on March 6.

In addition to innovative content, registration includes C-suite networking opportunities each day, including an opening reception sponsored by SS&C Technologies, and a Friday networking happy hour, sponsored by BermudAir. We also encourage attendees to take advantage of the BDA Connect app and book 1-on-1 networking meetings directly with other delegates. For the best experience, download BDA Connect on your phone via the App Store, or Google Play.

The BDA thanks our headline partners ABIR and EY, our gold sponsors AM Best, and SS&C Technologies,our silver sponsors Kirkland & Ellis and KBRA, our bronze sponsors Demotech, Docosoft, KPMG and Teneo and supporting sponsors Advantage Go, Aon, Rein4ce and Walkers. Our airline partner is BermudAir and our spirits partner is Gosling’s. Other sponsorship opportunities are still available. Click here and e-mail bermudarisk@bda.bm if you wish to participate.

All registered delegates qualify to receive 20% off flights on our official airline partner BermudAir, which flies to Bermuda from Westchester, NY, Fort Lauderdale, Florida, and Boston, Mass.

The immediate economic impact of the 2023 Bermuda Risk Summit, which had a total of 450 attendees (over 150 from overseas) including lodging, transportation, food and beverage, retail and recreation was estimated at $1.8 million, and supported 266 jobs. Far more significant were the long-term economic benefits brought about by the approximately 100+ additional visitors who flew to Bermuda for business meetings during the week of the summit.

Organising the BDA’s signature events aligns with the ‘Local and International Business Retention’ and ‘Business Attraction and Investment Promotion’ strategic priorities outlined in Bermuda’s Economic Development Strategy.