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Captive conference set for attendance record

Increasingly popular: delegates at last year’s Bermuda Captive Conference. Next week’s three-day event could set a new attendance record (Photograph by Akil Simmons)

Next week’s Bermuda Captive Conference is shaping up to be the best attended in the event’s 12-year history.

There are more than 750 attendees confirmed, and that number could reach 800 by the time the three-day conference begins on Monday at the Fairmont Southampton.

The conference’s continuing success is largely attributable to the collaborative nature of the reinsurance and captive sectors coming together in Bermuda to help stage a quality event, according to David Gibbons, who is chairman of the Bermuda Captive Conference.

Bermuda exerts further pull as the world’s leading offshore captive domicile, and its reputation as a leading global hub for insurers and reinsurers.

International healthcare and technology futurist Joe Flower will be the keynote speaker on Tuesday. The author and consultant is expected to be a big draw for local and overseas attendees as he explores the future of healthcare and the impact of technology, pharmaceuticals and diagnostic techniques.

Bermuda-based captives support an estimated 25 per cent of the US medical insurance and reinsurance market and increasing numbers have come from Canada and Latin America.

Mr Gibbons anticipates there will be keen interest in discussions about healthcare, energy and cyber-risk. All three hot topics will be discussed during sessions at the conference.

“A lot of people want to hear from those who have expertise in these areas,” said Mr Gibbons, who is managing director and captive insurance leader at PwC Bermuda.

“The energy session, with Anne Chalmers, of Teck Resources, will look at where energy prices are going and the impact of that.”

The conference will look at a range of emerging issues and trends, such as ILS, Latin America, oil and gas risk, and new captive developments and opportunities.

Another session shaping up to be popular is the insurance and reinsurance review, which will be hosted by Joe Rego, chief executive officer of Aon (Bermuda), and features a panel involving Judy Gonsalves, chief operating officer of Chubb Bermuda, Patrick Tannock, head of XL Catlin’s Bermuda insurance operations, and John Berger, chairman of Third Point Reinsurance.

Other conference speakers include Ross Webber, CEO of the Bermuda Business Development Agency, and Craig Swan, the managing director of supervision at the Bermuda Monetary Authority.

Mr Gibbons and Michael Dunkley, the Premier, will provide opening comments at the conference on Monday.

On Monday afternoon the inaugural Fred Reiss Bermuda Captive Lifetime Achievement Award will be presented to Jill Husbands, who leads Marsh IAS Management Services (Bermuda).

Beyond attracting hundreds of captive owners, risk managers and insurance professionals to the island, and promoting Bermuda as a business destination, the conference will boost the island’s hotel and hospitality sector with hotel room night bookings attributable to the event expected to be upwards of 900.

Further conference details are available at www.bermudacaptiveconference.com