BDA Concludes Successful Trip to RIMS Conference 

Hamilton, Bermuda, April 27, 2022 — The Bermuda Business Development Agency (BDA) concluded a successful trip to San Francisco for the RISKWORLD conference put on by RIMS, the world’s largest community dedicated to the advancement of risk management. 

Bermuda’s Premier, the Hon. David Burt, JP, MP said, “It was a pleasure to lead Bermuda’s delegation at RISKWORLD for my third time as Premier.  Our aim at RISKWORLD was to continue to tell Bermuda’s story of leadership in (re)insurance and to share our advances in technology and climate resilience. Our message was a reminder that Bermuda remains the world’s risk capital thanks to our well-respected regulatory regime and our ability to continually innovate and evolve.” 

“The conference provided our delegation, which included the Government as well as representatives from the Bermuda Monetary Authority, and ABIR, with the opportunity to reconnect with industry leaders, build new partnerships for Bermuda, and encourage new business,” Premier Burt said. “We took advantage of the conference location in Silicon Valley and met with city and business leaders in technology, climate finance, and venture capital, including the Bay Area Council and the San Francisco Chamber of Commerce. We informed them of Bermuda’s strengths, recent innovations and our culture of collaboration between the legislature, the regulator and the industry that makes it an ideal platform for global technology, risk transfer, and climate finance solutions. The Government will continue to engage with business leaders in Silicon Valley as we look to increase economic diversification on our island, encourage growth in our tech and international business sectors, and provide more opportunities for Bermudians.” 

Minister Hayward said, “I congratulate the BDA for organising the first in person delegation to RIMS’ annual conference since 2019. RISKWORLD was a great success with nearly 8,500 risk professionals in attendance. We held six constructive business development meetings including with a digital asset platform, a leading global alternative asset manager and potential tech partners. Bermuda’s continued presence at events such as RIMS demonstrates its commitment to growing and promoting Bermuda’s risk and insurance industries on the global stage.” 

Judy Gonsalves, Vice President, Chubb Group, Division President, Chubb Bermuda, said, “We are pleased to continue to support the BDA and appreciate that we were able to do so collaboratively in support of RIMS this year. We were also delighted to be able to sponsor the Bermuda Reception at RISKWORLD, bringing together over 270 guests for a delightful evening of networking and camaraderie. As one of the largest risk events of the year, it was great to showcase, together with the BDA, that Bermuda remains the risk capital of the world and that we are fully open for business.”

Mr. Weinstein said, “After so much time restricted from traveling and meeting in person, our Bermuda delegation of approximately 100 risk leaders, relished the opportunity to once again meet with industry stakeholders.  We were able to reconnect with over 400 RISKWORLD attendees who visited the Bermuda booth in the RISKWORLD marketplace located in the Moscone Convention Center and thanks to the generous support of Chubb Bermuda, we also had the honour of hosting two VIP dinners with 40 targeted guests as well as a Bermuda Reception which included signature cocktails generously supplied by Goslings Rum. The BDA is also incredibly grateful for the continued support of ABIR.” 

Bermuda’s attendance at RIMS follows the BDA’s successful completion of the Bermuda Risk Summit in March, which brought together 350 delegates from Bermuda and internationally. Next, Bermuda business leaders will head to New York City for the New York Executive Forum on May 11, where they will meet with city and industry leaders to promote Bermuda, followed by an inaugural Bermuda Climate Summit at Rosewood Bermuda on May 24.

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