Legacy executives to headline IRLA conference
The inaugural Insurance and Reinsurance Legacy Association Bermuda Conference next week will feature panels with senior executives from major legacy players on topics as diverse as market dynamics, rates, inflation and the strategic use of run-off transactions in a sector of growing importance to Bermuda.
The conference theme, “Bermuda and Beyond: Shaping the Future of Retrospective Solutions”, will feature a keynote panel moderated by Rebecca Wilkinson, of PwC, in conversation with Will Bridger, of Compre, Anguel Zaprianov, of Enstar Group, and Paul Brockman, of Riverstone International, reflecting on 2025 market conditions and year-end financial outcomes.
The one-day conference will take place next Tuesday at the Hamilton Princess & Beach Club, hosted by the Bermuda chapter of the British-based IRLA in collaboration with the Association of Insurance and Reinsurance Run-off Companies.
The conference arrives at a time when Bermudian-based run-off specialists are playing a central role in a global non-life legacy insurance market now estimated at about $1.1 trillion, according to a recent report.
Regulatory panels will cover US and Bermuda frameworks for non-life run-off, including insurance business transfer legislation and Bermuda supervision. Confirmed speakers include Gerald Gakundi, of the Bermuda Monetary Authority, and Glen Mulready, Oklahoma insurance commissioner.
Jonathan Reiss, the managing director of Strategic Risk Solutions and an independent non-executive director at Compre Group, as well as Katie Reynolds, the executive director of the AIRROC, will also appear.
David Burt, the Premier and Minister of Finance, will formally open the event. In a press statement, he said Bermuda had “long stood as a global centre of excellence for risk and resilience”, pointing to the jurisdiction’s ability to adapt to shifting risk landscapes while maintaining strong regulation.
Andrew Murdoch, the Governor, is expected to close the conference. He said he looked forward to discussions focused on “innovation, co-operation and delivering meaningful outcomes for our communities”.
Organisers said the event has attracted delegates from multiple jurisdictions, including regulators, actuaries and risk officers. Sponsors include Enstar, Riverstone International and Compre Group.
Senior industry executives said the conference comes at a key moment for the sector. Mr Zaprianov, the executive vice-president of mergers and acquisitions at Enstar, said the Bermuda legacy market had seen “strong momentum”, particularly in retrospective solutions. He said Enstar was pleased to support the event and looked forward to discussions on “the key trends shaping our market as we look to the future of the legacy industry with optimism and confidence”.
Mr Bridger, the group chief executive of Compre, said Bermuda’s influence on the global legacy market “has never been greater”, adding that collaboration and innovation were increasingly critical as legacy portfolios grow in scale and complexity.
David Rocke, Bermuda CEO and group head of mergers and acquisitions at Riverstone, described the conference as “an important moment for our sector”, saying it would provide a dedicated forum for dialogue and shared learning, while allowing participants to focus on the priorities that will shape the industry’s next phase.
