PwC Summit attracts hundreds of executives
More than 250 executives from over 80 global insurance and financial services organisations – many from abroad – will be attending today's PwC Insurance Summit.
The forum is being presented by the Financial Times, which has more than one million paying readers.
Both Oliver Ralph, FT insurance correspondent, and Robert Armstrong, US finance editor, are in Bermuda to moderate sessions and engage with delegates.
Roland Andy Burrows, chief executive officer of the Bermuda Business Development Agency said: “We are looking forward to this flagship annual re/insurance industry event. PwC is an important partner to the BDA and a significant contributor to Bermuda's economy.
“Working together with the Financial Times, PwC has put together a truly impressive line-up of speakers who are at the forefront of industry.
“Under the theme, Ensuring Adaptability for the Road Ahead, this event will serve to highlight our country's strengths and ability to respond to changing market conditions, meeting the increasingly sophisticated and complex needs of today's insurance leaders.” Matthew Britten, PwC insurance partner, said: “The strength and relevance of Bermuda as a re/insurance jurisdiction continues.” He noted there were 75 new re/insurance registrations in Bermuda in 2018 compared with 58 in 2017.
“New registrations rose 29 per cent in 2018. And this year Convex Insurance entered the market with $1.8 billion of capital, the biggest start-up the island has seen. These numbers speak for themselves in terms of relevance.”
Paul Brand, co-founder and deputy CEO, Convex Insurance, will be speaking at today's summit on a panel that will examine the outlook for the market, perspectives on how business and operating models must adapt, strategies for remaining competitive in the current environment, and opportunities for sustained future growth. Brand will be joined by John Berger, CEO, Ascot Reinsurance; Nigel Frudd, CEO, Sompo International; and Greg Hendrick, CEO, Axa XL.
Brian Duperreault, CEO of AIG, will be delivering a keynote.
• The full agenda and link to register can be found here: https://live.ft.com/Events/2019/PwC-Insurance-Summit-2019