GlobeNewswire

London–Bermuda connections celebrated at BDA forum

Share

LONDON, Nov. 27, 2018 (GLOBE NEWSWIRE) -- Bermuda’s historic business bonds with London and potential future synergies through fintech and emerging technologies were key themes of a multi-industry forum in London today.

Close to 200 industry professionals from a range of business sectors—from shipping to insurtech—attended the Bermuda Executive Forum held at ME London by the Bermuda Business Development Agency (BDA). The event, the agency’s fourth overseas forum and second in London over the past year, brought together more than 50 senior industry and regulatory leaders as speakers and panellists to showcase the island as a financial centre of excellence. Presentations and discussions turned the spotlight on investment and business opportunities, and also underscored commonalities shared by the Bermuda and London markets.

“London is a very important market, and we want more people to know how we’re innovating and how we’re leading the charge,” said Premier David Burt who officially opened the forum. “Bermuda is different—we represent a place where you can develop products and services and sell them to the world from a well-regulated environment. We want to make sure that message is consistently heard.”

The UK’s Chris Holmes, Lord of Richmond MBE, joined the Premier for a 40-minute “fireside chat” on fintech to kick off the event, moderated by BDA Director Jessel Mendes. Holmes is a former Paralympic swimmer and nine-time Games gold-medal winner who has championed digital opportunities and the public benefits of blockchain and assistive technology since entering the House in 2013.

“London and Bermuda have had an extraordinary relationship over centuries, rooted in areas of the economy such as insurance, which continues to be such a close and fruitful bond for both parties,” noted Holmes. “When you look at all the opportunities fintech presents, it fits so well into that connection we have as two innovative jurisdictions, where we can collaborate, and where there can be niche areas for both entities. Working together, London and Bermuda can be key players in forging the potential future the Fourth Industrial Revolution offers.”

Throughout the day, industry professionals discussed the mature foundation and advantages Bermuda affords both established companies and startups, as well as its regulatory leadership and innovative culture that pioneered a legislative framework around fintech this year.

“Today’s forum was even bigger and better than our first one last year — an indication of the interest folks in London have about Bermuda,” said Mendes, an EY Bermuda Partner. “In talking with Lord Holmes and the Premier, clearly there’s a lot of common ground. Insurance has been a huge connection for a long time. And now, the same synergies apply to fintech. This is a dialogue we should continue.”

Attendees included former Bermuda Governor George Fergusson and other members of The Bermuda Society in London. “As keen supporters of the BDA’s efforts in London, we’re want to ensure we help cement ties between the City of London and Bermuda by creating opportunities for markets across the globe to understand the island as a sophisticated gateway,” said Sheba Raza, Counsel at Conyers UK and a Society Director. “We want to encourage opportunities for investors and international businesses as they seek to deploy capital and grow in a post-Brexit universe,” she added. “It allows us to ensure the UK and its family of territories operate in a cohesive, cooperative way to strengthen ties that exist already between our two countries.”

Euan Davis, of the Center for the Future of Work Europe at Cognizant Technology Solutions, was lunchtime keynote at today’s forum. He outlined “21 Jobs of the Future” as new technologies, business practices, and workers emerge over the next decade.

Eric Bertrand, founding partner of Centaur Fund Services, praised the BDA forum—his first as an industry participant, where he spoke on a panel about innovative trends in alternative assets.

“In 2015 when we decided to establish an offshore jurisdiction, we had options, but we decided Bermuda was the place for us to do our business. Three years later, we’ve grown from one to 16 people in our Hamilton offices—so, it proves our point,” Bertrand said. “I wanted to share our story that Bermuda is a jurisdiction of choice and a great place in which to complete a global presence. We have several offices around the world, but Bermuda is a very important one for us.”

The Bermuda Tourism Authority (BTA) partnered with the BDA on a networking reception that concluded the forum.

Tomorrow [Wednesday, November 28], the BDA continues the roadshow, staging a dedicated Bermuda Fintech Forum in the morning featuring a chat between the Premier and AIG CEO Brian Duperreault moderated by BDA Interim CEO Sean Moran. In the afternoon, ILS Bermuda hosts Beyond Convergence, a seminar focused on insurance-linked securities, whose global market Bermuda dominates.

To register for the November 28 Bermuda Fintech Forum, click here.
To register for Beyond Convergence, click here.

MEDIA CONTACT:
Rosemary Jones
Head of Communications & Marketing
rosemary@bda.bm 441 278-6558
441 337-4696

CONNECTING BUSINESS
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.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/53d2a1ad-aea5-4e75-91c3-5ffeefff2377

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Media Release | MCH Group | Art Basel in Basel6.6.2020 11:00:00 CESTPress release

MCH Group Cancels Upcoming Art Basel Show in September 2020 In view of the current global conditions, MCH Group has no option but to cancel the upcoming editions of Art Basel in Basel and Design Miami Basel, which had been postponed to mid-September 2020. The decision to cancel Art Basel was made after extensive consultation with many Art Basel gallerists, collectors, partners, as well as external experts. The primary considerations were the fundamental health and safety risks for everyone involved, the financial risks for exhibitors and partners, the ongoing impediments to international travel, and the fact that the regulatory environment around large-scale events in Switzerland has yet to be finalized. Marc Spiegler, Member of MCH Group's Executive Board and Global Director Art Basel, explains: "We are aware that our galleries are facing unprecedented challenges and economic difficulties, and we had really hoped to support the art market’s recovery with a successful show in September

Hexagon Mobile Pipeline® to virtually connect communities and industries to pipeline gas in the US6.6.2020 10:15:39 CESTPress release

Hexagon Mobile Pipeline®, a Hexagon Composites subsidiary, has received a substantial contract for TITAN® 53 transport modules from Xpress Natural Gas LLC (XNG) a leading full-service provider of compressed natural gas (CNG). The strategic agreement has a total value of USD 7.3 million (approx. NOK 70.2 million) and includes additional purchase and rental options through 2021. The TITAN® 53 large-capacity Mobile Pipeline® modules will serve virtual interconnect projects providing natural gas to communities and industries that do not have access to sufficient pipeline capacity in the US. "Since XNG started operations in early 2013, Hexagon's Titan products have proven to be high-quality products that deliver safety, reliability and performance," says John Nahill, CEO and co-founder of Xpress Natural Gas. "The higher volume of TITAN®53 means that we can serve our customers with fewer trailers and miles driven and that is key to our success. We appreciate the expertise and responsiveness

NEW ANALYSES OF PHASE 2 EQUATOR CLINICAL PROGRAM SUPPORT DURABLE EFFICACY OF FILGOTINIB IN PSORIATIC ARTHRITIS5.6.2020 22:01:00 CESTPress release

-- Data Were Presented at the European League Against Rheumatism, EULAR, European E-Congress of Rheumatology 2020 -- Foster City, Calif., & Mechelen, Belgium, 5 June 2020, 22.01 CET – Gilead Sciences, Inc. (Nasdaq: GILD) and Galapagos NV (Euronext & Nasdaq: GLPG) today announced new analyses from two clinical trials evaluating filgotinib, an investigational, oral, selective JAK1 inhibitor, in adults with psoriatic arthritis (PsA). The data from the double-blind, placebo-controlled, Phase 2 EQUATOR study and the EQUATOR-2 open-label extension study demonstrate filgotinib’s durable efficacy and consistent safety profile in people with active PsA, and showed rapid and sustained reductions in inflammatory biomarkers in patients with moderate to severe PsA. The new analyses were presented at the European League Against Rheumatism, EULAR, European E-Congress of Rheumatology 2020. “Despite existing treatments, people living with psoriatic arthritis can face challenging long-term symptoms incl

Agility receives order from new major global logistics customer for CNG trucks5.6.2020 20:19:33 CESTPress release

Agility Fuel Solutions, a business of Hexagon Composites, has signed a master services agreement with a global logistics customer to deliver compressed natural gas (CNG) fuel systems for medium and heavy-duty trucks. The initial order represents an estimated total value of USD 2.2 million (approx. NOK 20.5 million) with additional orders expected to follow. As a low carbon fuel, CNG can result in reductions of greenhouse gas (GHG) emissions compared to diesel of over 20% when using conventional natural gas, or 90% or more when using renewable natural gas (RNG) produced from landfills, dairy farms and other bio sources. “It makes environmental and economic sense to deploy CNG trucks right now, and the low cost and maturity of the technology make it possible to do so at scale,” says Seung Baik, President, Agility Fuel Solutions. Deliveries of the first order of CNG fuel systems are scheduled to start in the second quarter of 2020. For more information: David Bandele, CFO, Hexagon Composi

Hexagon Composites ASA: Mandatory Notification of Trade5.6.2020 17:11:41 CESTPress release

Dan Krick, SVP Organizational Development has sold 24,896 shares in Hexagon Composites ASA at a price of NOK 36,42 per share. The sale is primarily to finance tax obligations from his exercise of options earlier in the year. After the transaction Dan Krick holds zero shares in Hexagon Composites ASA. This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. For more information: David Bandele, CFO, Hexagon Composites ASA Telephone: +47 920 91 483 | david.bandele@hexagongroup.com About Hexagon Composites Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility, industrial and consumer applications.

CONDITIONS FOR RIKSBANK BID PROCEDURES SEK GOVERNMENT BONDS5.6.2020 15:05:00 CESTPress release

Sveriges Riksbank Bid procedure details Government Bonds, 2020-06-12 Maturity dateLoanISIN codeCouponVolume, SEK million2026-11-121059 SE00071259271.00 %1,000 +/- 2502031-05-12 1062 SE00139353190.125 %1,000 +/- 250 Settlement date 2020-06-16 Bids have to be entered by 10.00 on JUN 12, 2020 Highest permitted bid volume: 1 000 SEK million in issue SGB 1059 and 1 000 SEK million in issue SGB 1062 Lowest permitted bid volume: 50 SEK million Bids only through counterparties approved by the Riksbank RESULT OF AUCTION WILL BE PUBLISHED NO LATER THAN 10.10 (CEST) ON JUN 12, 2020. For more information, please contact: Trading desk at the Riksbank + 46 8 696 6970 General and special terms and conditions can be retrieved athttp://www.riksbank.se