One-Third of Bermuda Risk Summit Attendees From Overseas
The Bermuda Business Development Agency (BDA) is pleased to announce that its second annual Bermuda Risk Summit, held from March 6-8, attracted 450 attendees, including over 150 business visitors.
The Bermuda Risk Summit creates long-term business development growth potential, in terms of deal-making opportunities occurring around the event in front of an extremely important June 1/July 1 renewal season for Bermuda’s reinsurance sector. The short-term economic impact, including lodging, transportation, food and beverage, retail, and recreation, was estimated at $1.8 million, and supported 266 jobs. This figure includes approximately 100+ additional visitors who flew to Bermuda for business meetings or ancillary events taking place this week around the Bermuda Risk Summit. Our inaugural event, held March 14-16, 2022, attracted 350 delegates, 80 from overseas, had an economic impact $1 million, and supported around 200 jobs.
David Hart, BDA, CEO said, “The BDA thanks all of the companies and leaders from Bermuda’s globally significant Risk and Insurance Solutions industry for their contributions to our event, but more importantly, for their contributions to Bermuda’s economy as a whole. We especially want to thank all of the overseas visitors that made the journey to attend our event. The BDA looks forward to continuing to build and improve upon our annual Risk Summit and welcoming you back in 2024.”
The BDA extends our appreciation to the Association of Bermuda Insurers and Reinsurers (ABIR), EY and Gallagher Re, our headline sponsors; Hyperexponential, our diamond sponsor; SS&C, our gold sponsor; AM Best and Kirkland & Ellis, our silver sponsors; and Aon, Bermuda Brokers, Demotech, Docosoft, Florida Insurance Council, KPMG, Meenan P.A., MS Reinsurance, and Rein4ce our supporting sponsors. The Insurer is our official media partner, and our spirits partner is Goslings.
Bermuda Risk Summit kicked-off with a keynote conversation with Bermuda’s Premier, The Hon. David Burt, JP, MP, followed by a group CEO panel moderated by Sophie Roberts, Head of The Insurer TV, that featured Peter Bell, CEO & Managing Director, Everest Re, Stephen Catlin, Executive Chairman, Convex (Past Chair & Deputy Chair ABIR), Christopher Schaper, CEO, AIG Re (ABIR Deputy Chair), and Megan Thomas, CEO, Hamilton Re. Senior regulators from the Bermuda Monetary Authority, National Association of Insurance Commissioners (NAIC), and the Bank of England’s Prudential Regulatory Authority were also among the speakers.
The BDA is looking forward to its second annual Bermuda Climate Summit, also being held at the Hamilton Princess & Beach Club, from June 26-27, 2023. Sponsorship information is available here – potential attendees can register online.
The BDA encourages direct investment and helps companies start up, re-locate, or expand their operations in our premier jurisdiction. An independent, public-private partnership, we connect you to industry professionals, regulatory officials, and key contacts in the Bermuda government to assist domicile decisions. Our goal? To make doing business in Bermuda smooth and beneficial.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
Stuart Roberts, Director of Communications & PR
email@example.com | +1 441 292 7774
About Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Lattice Collaborates with NVIDIA to Accelerate Edge AI5.12.2023 19:00:00 CET | Press release
Today at the Lattice Developers Conference, Lattice Semiconductor (NASDAQ: LSCC) introduced a new reference sensor-bridging design to accelerate the development of edge AI applications using the NVIDIA Jetson Orin and IGX Orin platforms. Based on power-efficient Lattice FPGAs and NVIDIA Orin, the open-source reference board is designed to address developers’ needs for connectivity to a diverse variety of sensors and interfaces, design scalability, and low latency when designing high-performance edge AI applications for healthcare, robotics, and embedded vision. Lattice’s collaboration with NVIDIA is set to expand the open-source developer community by improving the efficiency of connecting sensors to edge AI compute applications. “With AI technology at the forefront of transforming various markets, including manufacturing, transportation, communications, and medical instruments, this collaboration will accelerate this fundamental shift,” said Esam Elashmawi, Chief Strategy and Marketin
Lattice Continues Rapid Product Portfolio Expansion Enabling the Next Era of Innovation5.12.2023 18:20:00 CET | Press release
Today at the Lattice Developers Conference, Lattice Semiconductor (NASDAQ: LSCC), the low power programmable leader, continued its rapid product portfolio expansion with the launch of multiple new hardware and software solutions. Lattice introduced two new innovative mid-range FPGA device families built on the award-winning mid-range Lattice Avant™ platform – Lattice Avant™-G and Lattice Avant™-X, designed for general purpose and advanced connectivity, respectively. Lattice announced new versions of its application-specific solution stacks for artificial intelligence (AI), embedded vision, security, and factory automation, each of which are expanded with new features and capabilities to help accelerate customer time-to-market. Lattice released updated versions of its software tools and Glance by Mirametrix® computer vision software. “At Lattice, we’re focused on enabling our customers to accelerate their designs with new levels of power efficiency and performance through our rapidly gr
HVPD Norway endrer navn til Monitra5.12.2023 15:54:00 CET | Pressemelding
Monitra, tidligere kjent som HVPD som er en pioner innen utviklingen av nyskapende produkter for tilstandsovervåking av eiendeler, kunngjør i dag en spennende rebranding. Vårt selskap vil nå operere under det navnet Monitra, som representerer vår dedikasjon til overvåking og håndtering av tilstandskontroll, støttet av patentert fjernovervåkingsteknologi. Vi satser stort på forskning, utvikling og helhetlige løsninger, som er tydelig gjennom vår tilstandsdataplattform, Atlas by Monitra™. De seneste årene har vist at våre kunder også har behov for helhetlige løsninger i tillegg til enkeltstående produkter og tjenester. Monitra vil ikke bare være et nytt navn, men en refleksjon av vår evne til innovasjon, samarbeid og operativ pålitelighet. Monitra vil levere bredere og mer integrerte tjenester til våre kunder. Monitra vil være drivkraften bak vår neste fase av vekst, og vi ser frem til å fortsette å være en pålitelig partner for alle dine tilstandsovervåkings behov. Data blir visuelt pre
Foodmate Acquires Barth Industrial Automation5.12.2023 15:00:00 CET | Press release
Foodmate B.V. (“Foodmate”), a leading global designer and manufacturer of poultry processing equipment and a member of the Duravant family of operating companies, has acquired Barth Industrial Automation (“BIA”) enhancing its technology offerings and expanding its services for integrated production line solutions. The acquisition further strengthens Foodmate’s deep design and development capabilities for their core product portfolio, which spans weighing, grading, cutting and deboning technologies. Headquartered in ‘s-Gravendeel, The Netherlands, BIA has established itself as a leading provider of engineering, vision, robotics and automation solutions to OEM partners in the food industry. Specializing in hardware and software engineering services, their expertise resides in their ability to deploy controls solutions for complete production lines. “Foodmate and BIA have been strategic partners for over 15 years, and we’re excited to bring together BIA’s team of engineers, technicians an
CIOs and CTOs Across Australia and New Zealand Struggle Balancing IT Modernization Efforts with Business Growth and Profitability, According to New Survey5.12.2023 15:00:00 CET | Press release
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced findings of the Tech Research Asia Survey Report, “Operational Excellence is a Key Part of System Modernisation,” examining the challenges, opportunities, and priorities of CIOs and CTOs in their modernization journey. The Rimini Street-sponsored research was conducted among more than 300 CxOs across Australia and New Zealand from retail, manufacturing, construction, banking, travel and hospitality, telecommunications, and utilities industries. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231205618916/en/ CIOs and CTOs Across Australia and New Zealand Struggle Balancing IT Modernization Efforts with Business Growth and Profitability, According to New Survey (Photo: Business Wire) The sur