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Bermuda Risk Summit convenes in March

David Hart is the CEO of the Bermuda Business Development Agency (File photograph supplied)

The second annual Bermuda Risk Summit, presented by the Bermuda Business Development Agency in partnership with the Association of Bermuda Insurers and Reinsurers and EY, will have the theme “Innovation, Sustainability and Collaboration”.

The three-day event will kick off on March 6 with a keynote conversation with David Burt, the Premier, followed by a group CEO panel.

Sophie Roberts, head of The Insurer TV, will moderate the opening panel featuring Peter Bell, CEO and managing director of Everest Re; Stephen Catlin, executive chairman of Convex and past chairman and deputy chairman of Abir; Christopher Schaper, CEO of AIG Re and Abir deputy chairman; and Megan Thomas, CEO of Hamilton Re.

David Hart, BDA CEO, said: “The BDA is so pleased to be able to once again present this flagship event, which showcases the entire breadth and depth of the world’s risk capital.

“The Bermuda Risk Summit creates both long-term business development growth potential, in terms of deal-making opportunities around the event in front of an extremely important June 1 renewal season, as well as the immediate economic impacts of attracting business travellers to Bermuda that week.”

The BDA said the immediate economic impact of last year’s event, which had 350 delegates — 80 from overseas — including lodging, transportation, food and beverage, retail and recreation, was estimated at more than $1 million, and supported about 200 jobs.

The organisation said this figure does not include the additional visitors who flew to Bermuda for business meetings around the event. The BDA said it anticipates an even stronger attendance level this year as it continues to assist with building out the island’s globally significant risk and insurance sector and showcasing Bermuda’s strengths.

Speakers confirmed to date include Suzanne Williams Charles, director of policy and regulation, Abir, who will moderate a panel of international regulators featuring Chlora Lindley-Myers, president, National Association of Insurance Commissioners, and Gerald Gakundi, director, supervision (insurance), Bermuda Monetary Authority.

Craig Redcliffe, partner, EY, will moderate an “Evolution of Partner Capital” panel featuring Jasmine Desilva, SVP ILS, Artex Capital Solutions; Julia Henderson, chief commercial officer, Vesttoo; and Sylvie Werther, director of operations/reinsurance, Nephila Capital.

Joseph Petrelli, president, Demotech, and Todd Kozikowski, president, 44 North LLC, will present their findings on Florida’s disparate litigation levels.

A panel discussing investors’ experiences of Bermuda will feature Scott Frederick, managing partner, Sands Capital Ventures; Adrian Jones, managing director, re/insurance and partner, HSCM Ventures; and Armin Rothauser, senior partner, Castlelake Investments.

Peter Giacone, global head of insurance, KBRA; Stefan Holzberger, chief rating officer, AM Best; and Mr Petrelli will speak on a panel entitled “Global Financing Conditions — A Rating Agency Discussion”.

Kerr Kennedy, associate partner, EY, will moderate Yosha Delong, global head of cyber, Mosaic Insurance; Noel Pearman, SVP, cyber product line leader, Axa XL; Sebastien Plummer, cyber specialist broker, Gallagher Re; and Edouard Von Heberstein, CEO Spectra, who will explore the future of cyber reinsurance.

Saadia Savory, vice-president, excess casualty, Aspen, and Shannon Totten, SVP, casualty insurance practice leader Bermuda, Sompo International, will discuss Bermuda’s vibrant casualty lines of business.

Chris Hayward, chief underwriting officer, MS Amlin Reinsurance; Mark Wheeler, co-chief executive officer and director, Mosaic; and Kostya Zolotusky, CEO, Itasca Re, will explore diverse specialty lines of business.

The founder, chairman and CEO of SS&C, William C Stone, will speak about innovative technology with Alex Huang, chief risk officer, Sun Life International.

The BDA said Hyperexponential have come on board as a diamond sponsor, SS&C is a gold sponsor, AM Best and Kirkland & Ellis are silver sponsors, Demotech is wi-fi sponsor, and The Insurer is the official media partner.

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Published January 18, 2023 at 7:54 am (Updated January 18, 2023 at 7:54 am)

Bermuda Risk Summit convenes in March

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