BDA supports Florida insurance conference
The Bermuda Business Development Agency will support the 60th annual Florida Insurance Council Summer Symposium next week in Orlando, Florida.
The FIC programme will include state legislators, the Office of Insurance Regulation and other industry speakers including BDA chair, Stephen Weinstein and BDA chief executive officer, David Hart.
Mr Weinstein said Bermuda’s re/insurance market had been the “pre-eminent partner” to Florida insurers, supporting the market with capital, risk expertise, and an ethos of collaboration, since after Hurricane Andrew in 1992.
“Today, Bermuda re/insurers provide over 60 per cent of the hurricane reinsurance in Florida, support efforts to reform and strengthen Florida’s insurance market, and invest in and share cutting-edge science to boost hurricane resilience and promote mitigation,” Mr Weinstein said.
“For over 30 years, the Bermuda and Florida markets have tackled many challenges together and shared many successes. We look forward to seeing so many business, legislative, and regulatory leaders in person over the course of FIC’s outstanding programme, and exploring the next cycle of growth in our partnership.”
Mr Hart, a sixth-generation Floridian, said he had seen first-hand the benefits that Bermuda’s re/insurance market offered Florida’s economy.
“I am proud to represent Bermuda and the BDA at the FIC’s Summer Symposium,” Mr Hart said.
“As we enter peak hurricane season, our chair and I will highlight Bermuda’s continued value proposition as the world’s risk capital to the largest gathering of Florida’s domestic insurers.”
He thanked FIC president, Cecil Pearce, for the speaking invitation and looked forward to a large gathering of Florida-based companies and executives at the second annual Bermuda Risk Summit next March.
The FIC Summer Symposium will held in Orlando from July 26 to 28.