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Hot topics at Bermuda Captive Conference

Conference coming: Bermuda Business Development Agency's Jereme Ramsay, left, BCC marketing committee chairman, and BCC chairman David Gibbons, of PwC Bermuda

Cyber risk, energy trends and new business opportunities in Canada and Latin America will be among the topics for the annual Bermuda Captive Conference in June.

Keynote speaker Joe Flowers will look at the future of healthcare, the impact of technology on the sector, pharmaceuticals and diagnostic techniques. He is an international expert in the field.

David Gibbons, the conference chairman and managing director at PwC Bermuda, said: “Our speakers and panellists will be discussing topical and emerging issues such as cyber risk, oil and gas risk, Canada, Latin America, insurance-linked securities, taxation treatments, legal issues and recent claims and investment trends.”

He said Bermuda is the top global jurisdiction for captives, with 800 registered, supporting primarily Fortune 500 firms in the US.

In 2014 they generated in total more than $48 billion in annual gross written premiums in 2014.

Bermuda-based captives support an estimated 25 per cent of the US medical insurance and reinsurance market and increasing numbers have come from Canada and Latin America in recent years.

Mr Gibbons said: “We plan to capitalise on these trends with a compelling agenda that will attract, educate and engage delegates at this year’s event, to be held at the Fairmont Southampton between June 13 and 15.

Other sessions at the conference will focus on the impact of climate change and the evolution of catastrophe events and losses.

There will also be a “Bermuda Shorts” series of briefing sessions on specific lines of business, technical issues and targeted topics identified by captive owners and professionals.

Group bookings can be made by contacting Stephanie Parson at shp.groupreservations@fairmont.com. For more information on the conference, call 295-2626, e-mail info@bermudacaptive.bm or visit https://Bermudacaptiveconference.com.