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Richards: Bermuda was ‘dominant’ at RIMS

Minister of Finance Bob Richards told Members of Parliament that Bermuda's presence at Risk and Insurance Management Society (RIMS) was ‘dominant' during his report on Government's recent attendance at the convention.

He called it the largest gathering of insurance providers and potential customers on the calendar, and added: “ ... (it) provides a unique opportunity for industry participants to network with each other and with current and prospective clients.”

Bermuda's presence at RIMS “could only be described as dominant”, said Mr Richards.

He told MPs: “Bermuda has attended this convention for many years and the Bermuda booth has traditionally been one of the main centres of activity on the convention floor. This year was no exception.

“There were many Bermudians who travelled to Denver, at their own expense, solely to represent their country at the Bermuda booth,” he said, adding: “I would like to thank them for their commitment and enthusiasm.

“Several corporate attendees with Bermuda-based operations were also located close to the official Bermuda booth. For the first time our booth, which features a Bermuda cottage, was organised by members of the Bermuda Business Development Agency (BDA).”

The Finance Minister also reported that the annual Bermuda reception was attended by hundreds of convention participants.

“Our highly visible presence at RIMS remains a necessary component of our overarching strategy to keep the Bermuda brand synonymous with excellence, prudence and innovation in the global marketplace for insurance.

“Therefore, attendance and a strong presence at RIMS affirms our commitment, and our unwavering support, to a key sector of our economy.”

Finance Minister Bob Richards

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Published May 14, 2014 at 9:00 am (Updated May 13, 2014 at 8:28 pm)

Richards: Bermuda was ‘dominant’ at RIMS

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