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Bloomberg, Duperreault to speak at BDA forum

Guest speakers: Michael Bloomberg, left, and Brian Duperreault will speak on the US-Bermuda relationship at the BDA's executive forum in New York this month (Photograph supplied)

Entrepreneur and philanthropist Michael Bloomberg will join Brian Duperreault, chief executive officer of AIG, at an industry forum in New York later this month highlighting Bermuda’s historic and mutually beneficial relationship with the US.

The former three-term mayor of New York City and founder of Bloomberg LP and Bloomberg Philanthropies will take part in a “fireside chat” with David Burt, the Premier, moderated by AIG’s Duperreault at the multi-industry forum, the latest in a series hosted in different cities by the Bermuda Business Development Agency. The Bermuda Executive Forum New York takes place on March 21 at Convene at 117 West 46th Street.

“The visit to New York by Premier Burt and the BDA underscores the importance of the US-Bermuda relationship and promotes opportunities to further develop initiatives that are mutually beneficial,” Constance Dierman, the US Consul General to Bermuda, said.

“The US and Bermuda have enjoyed sustained ties for over 400 years, and our shared history has forged a strong relationship. Today, there are over 8,000 Americans who live and work in Bermuda and a half-million people from the US who visit Bermuda each year.

“The US is Bermuda’s most significant trading partner, accounting for more than 70 per cent of all imports, and Bermuda is an important, strategic partner to the US in many areas — including insurance, law enforcement, border security, aviation, space, marine research, and education.”

The forum will mark the second time Mr Bloomberg has participated in a BDA event. In May 2017, he addressed a forum of senior business leaders at Bloomberg LP in New York, highlighting the special role Bermuda plays in the global economy. Mr Duperreault, the Bermudian market veteran, was the keynote speaker at the BDA’s first New York forum last May, detailing the island’s unique combination of experience, quality and innovation to a packed audience of close to 300 attendees.

Mr Burt will be joined at this month’s full-day event by finance minister Curtis Dickinson and more than 40 leading industry and regulatory executives who will take part in moderated panel discussions on global industry trends and the advantages and opportunities for business in Bermuda.

Mr Bloomberg, served as New York’s mayor from 2001-13. He has been appointed the United Nations Secretary-General’s Special Envoy for Climate Action and the World Health Organisation’s Global Ambassador for Noncommunicable Diseases.

Bloomberg Philanthropies, which encompasses his charitable activities, focuses on five key areas: arts, education, the environment, government innovation and public health.

Mr Duperreault spent 30 years working in Bermuda and the US in senior executive roles at Marsh & McLennan Companies, Ace Ltd, and AIG, where he started his career. He was appointed of AIG in May 2017. Previously, he was chairman and CEO of Bermuda’s Hamilton Insurance Group, which he established in 2013.

“We are thrilled to welcome Mr Bloomberg and Mr Duperreault to our New York event,” Roland Andy Burrows, BDA CEO, said. “They are both iconic and influential business leaders whose contribution to our event’s discussion and thought leadership will be invaluable — and underscore Bermuda’s respected reputation as an innovative, blue-chip financial centre. We look forward to their participation.”

The March 21 event — running 8am to 5:30pm, followed by a networking reception — will be a forum for prospective investors and professionals interested in learning more about the Bermuda market.

Panellists will debate topics ranging from Brexit to US tax reform to climate change, along with industry trends affecting a wide gamut of sectors, from long-term, healthcare-liability, captive and cyber-risk insurance to alternative asset management and the impact of disruptive technologies on global finance.