Bermuda is to be promoted as the future home of health care risk management at a conference next week in the United Sates.

The Chairman of the marketing committee of the Insurance Advisory Committee -- a body which advised the Bermuda Government -- Roger Gillet is travelling to an international conference to highlight the innovation and creativity that risk managers and other insurance buyers find on the Island. He is flying to Chicago, Illinois to the annual conference of the American Society for the Healthcare Risk Management (ASHRM) to network and promote the Island's insurance business.

Mr. Gillet said: "We will use our attendance at ASHRM '99 as an opportunity to build on the health care captive business we have already developed.'' Bermuda is home to around 100 health care captives. These companies represent a small section of the Island's insurance business which includes the largest captive insurance market in the world.

Local captive insurance managers and professionals servicing the captive insurance market, together with a representative from the Registrar of Companies, will also be travelling to the conference which begins on Monday.

At the trade fair there will also be a Bermuda exhibit which will give details about the industry on the Island. More than 2000 risk managers are expected to attend the ASHRM conference, which is the largest health care event of its kind in the world. Bermuda will also host clients and potential clients at a reception during the event.

A captive is an insurance company subsidiary, usually formed to insure or reinsure the risks of the parent business and its affiliates. Some captives also insure risks that are not related to their parent organisation.

BUSINESS BUC