BDA teams up with Captive Review to host virtual symposium

Hamilton, Bermuda, May 12, 2020—The Bermuda Business Development Agency (BDA) has teamed up with Captive Review to host a virtual symposium this Thursday 14 May 2020, at 1PM AST to discuss the future of the captive market and Bermuda’s role as the world’s leading captive domicile.

The virtual symposium 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 industry leading insights from Michael Parrish, Senior Vice President & 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.”

Having formed the first modern captive in 1962, Bermuda remains the leading jurisdiction with a total of 715 captives writing gross premiums of approximately $40 billion and continues to steer the market forward. 

The virtual captive symposium takes place ahead of the Bermuda market report being published by Captive Review on 1 June 2020. The report features contributions from the Bermuda Monetary Authority, R&Q, Fleming Re, EY, PwC and Ocorian.

To register for the symposium, click here.