Captive insurance focus of virtual symposium
A discussion the future of the captive market and Bermuda's role as the world's leading captive domicile will be the focus of a virtual symposium on Thursday, which is being hosted by the Bermuda Business Development Agency and Captive Review.
The event is free-to-join and will give participants an insight into the current state of the market, the Bermuda captive solution, regulation and innovation in captives from cryptocurrency and cannabis to other emerging risks.
The panel will be moderated by Lauren Ingham, editor of Captive Review, and will feature Michael Parrish, senior vice-president and client services leader at Marsh Captive Solutions, Mark Allitt, managing director at KPMG, and Chiara Nannini, director at Conyers.
Jasmine DeSilva, business development manager for risk and insurance solutions at the BDA, said: “We are delighted to be working with Captive Review to discuss the latest trends, topics and issues shaping the future of the captive market. This will of course include the impact of Covid-19 but it certainly isn't the only factor at play.
“As businesses around the world look to put in place the most effective risk management strategies, ensuring they have the relevant information to help make those decisions is critical. Bermuda is best placed to support that. We are home to a broad range of industries utilising captives and can provide a global view as a home to captives from North America, Europe, Asia and Africa.”
The first modern captive was formed in Bermuda in 1962. The island is the leading jurisdiction with a total of 715 captives writing gross premiums of approximately $40 billion, according to the BDA.
The virtual captive symposium takes place ahead of the Bermuda market report being published by Captive Review on June 1. The report features contributions from the Bermuda Monetary Authority, R&Q, Fleming Re, EY, PwC and Ocorian.
• The free symposium starts at 1pm. To register visit https://tinyurl.com/ycublv2l