Premier David Burt has concluded a busy trip to Washington, DC where he conducted “fruitful” meetings with key Congressional representatives to discuss significant matters on behalf of Bermuda.
Over the course of last Friday and today (Monday) Premier Burt met with Rep Gregory Meeks, a member of the House Foreign Affairs Committee, Rep Karen Bass, a member of the House Foreign Affairs Committee, Rep Emmanuel Cleaver, a member of the House Financial Services Committee, Rep Gwen Moore, ranking member of the Financial Services Subcommittee on Monetary Policy & Trade and key officials from the Office of the Comptroller of the Currency (OCC).
During the various meetings areas of discussions focused on finance, banking, insurance/reinsurance, economics, airline development and energy. Of particular note, Premier Burt also met with senior representatives of the OCC to have key discussions about de-risking and its impact on Bermuda’s financial services industry.
On Friday, the Premier raised the matter of de-risking and its effects during his meeting with Rep Gregory Meeks. In his meeting with Rep Karen Bass the Premier highlighted steps Bermuda has taken to tackle money laundering and terrorist financing. And with Rep Gwen Moore the discussion de-risking also was topical as well as Bermuda’s high standards of tax transparency and compliance.
With Rep Emmanuel Cleaver the Premier touted Bermuda’s role as global centre for insurance and re-insurance and noted the importance of Bermuda’s insurance market to aid recovery and rebuilding of infrastructure in the wake of global natural disasters. The Premier, was accompanied to Washington DC by the Deputy Premier, Walter Roban. While in DC, Minister Roban met with Abby Hopper, CEO, Solar Energy Industry Association to discuss how governments have incorporated to use of solar energy and technology.
Minister Roban also held a meeting with airlines for America to discuss airline development and working towards increasing air options to Bermuda.
Premier Burt and Minister Roban returned to the island on Monday.