The International Run-Off and Legacy Association’s Bermuda Conference attracted a sell-out audience and standing-room-only attendance at the Hamilton Princess on Monday, despite the arrival of Winter Storm Fern.

The one-day conference brought together senior figures from Bermuda’s legacy and run-off market to examine how the sector is evolving, with sessions focusing on claims trends, mitigation strategies, artificial intelligence, regulatory developments and leadership challenges. Several Bermuda-based legacy groups were represented on the programme.

Bermudian-based run-off specialists such as Enstar, RiverStone and Compre are playing a central role in a global non-life legacy insurance market now estimated at about $1.1 trillion.

Remarks from David Burt, the Premier, and Andrew Murdoch, the Governor, bookended the conference.

Paul Brockman, group chief executive of RiverStone International, said the discussions reflected a market that has moved beyond consolidation and is now focused on execution and innovation. “The industry has come a long way,” he said, adding that the focus is increasingly on “how innovation, disciplined execution and leadership will define its future”.

Anguel Zaprianov, executive vice-president for mergers and acquisitions at Enstar, said debate at the conference highlighted the growing sophistication of legacy solutions. He pointed to a strong focus on “AI-driven efficiencies and claims mitigation strategies”, alongside more complex structures like “forward exit options, fronting and trapped capital solutions”.

He said the sector was increasingly focused on delivering sustainable long-term outcomes, combining capital management with risk and strategic solutions for clients.

Will Bridger, group chief executive of Compre Group, said the conference underlined Bermuda’s continued importance to the global legacy market. “Bermuda remains central to the legacy ecosystem,” he said.

Adam Horridge, a director at Teneo, said: “What stood out today was the emphasis on leadership and strategic decision making in an increasingly complex environment.”