Registration Desk, vendors, booth and cyber café set up
Golf Tournament – Sponsored by: Performa and Orbis
Transport from the hotel entrance
Explore Bermuda Fitness Walk – Sponsored by: Arthur Morris
Leaves from the Registration Desk
Registration Desk Opens
Continental Breakfast – Sponsored by: Kroll Brand Rating Agency
The Premier of Bermuda and Conference Chairman opening remarks
The Premier of Bermuda and Conference Chairman’s welcome and presentation of Lifetime Achievement Award and Captive Hall of Fame Awards
Trade floor opens
Trade floor open for booth set up must be complete for 11:30 am.
Industry, Government and Regulatory Leaders Round Table Discussion
Overview of Global matters, the Bermuda captive market and emerging innovations
- The Hon. Jamahl S. Simmons, JP, MP, Minister of Economic Development and Tourism
- Kiernan Bell, Chairman of the Bermuda Business Development Agency
- Al Gier, Director, Global Risk Management & Insurance Corporate Risk Management/ Treasurers Office General Motors and President, General International Limited
- Jeremy Cox, Chief Executive Officer, Bermuda Monetary Authority
Lunch with Exhibitors – Sponsored by: ABIR
Insurance and Reinsurance Industry Leader Review (1.5 CPE)
The Bermuda International Insurance Market is an innovative solution oriented, dynamic and entrepreneurial marketplace operating in a fast changing world. How is globalization, consolidation, regulation, big data, distribution and alternative capital impacting the relevancy of the Bermuda’s International Insurance Market?
- Patrick Tannock, President, Chief Executive Officer, XL Bermuda Ltd, Insurance and Chair of the Association of Bermuda International Companies
- Todd Cunningham, Head of Strategic Risk Solutions and Captives Services, Zurich North America
- Steve Horton, Senior Vice President, Financial Lines Manager, Iron-Starr Excess Agency Ltd.
Networking Break – Sponsored by: MultiStrat Re
Millennial Breakthrough: Butler University’s new Bermuda captive – creativity, flexibility, benefits, and Why Bermuda?
A Captive Insurance Companies’ Investment Portfolio: Design & Implementation (1.5 CPE) (1 ICCIE)
This session will discuss a captive insurance company’s investment portfolio from design to implementation. Focus will be on portfolio structure, asset allocation, and how to maximize the returns of the captive’s investment program.
Welcome Cocktails – Sponsored by: PwC
Welcome party for all Delegates, Service Providers and Industry Partners. A great opportunity to connect with old friends and new attendees at this year’s conference. Presentation of golf and walkers prizes. Take Hotel Shuttle to Fairmont Southampton Beach Terrace
Registration Desk Opens
Breakfast with Exhibitors – Sponsored by: Beecher Carlson
Regulatory and Technical update from the World’s Leading and Creative Captive Jurisdiction
This session will cover a walk-through the Bermuda regulatory highlights for captive insurers. The panel will provide an update on new captive registrations, the dedicated BMA team for captives, results of initial electronic filings, enhanced regulation of insurance managers and their responsibilities, upcoming international assessments of Bermuda. The session will be of particular interest to new and existing captives owners and principals.
Bermuda Captive Owners Association (BCOA) AGM
Bringing together leaders of captive risk in a private forum
Networking Break – Sponsored by: LOM
Tax developments and updates – what the future may hold (1 CPE) (1 ICCIE)
A discussion of the recent Avrahami case in the Tax Court, the effect it may have on IRC Sec. 831 (b) companies, what lessons might be learned for non IRC Sec 831 (b) companies and a discussion of some recent international, state and local tax issues that may affect captives.
Captives and Employee Benefits – Change that unlocks new value and control (1 CPE) (1 ICCIE)
A seasoned panel of Employee Benefit experts will provide an overview of the current state of play and an insight into the growing use of Captives for financing Employee Benefits (both US and Non US). They will discuss in detail the substantial advantages to companies both financially and for internal governance. The panel also will discuss recent developments and improvements in the area in terms of data and reporting and overall management of global exposures plus the obstacles and requirements needed to set an EB captive in motion.
Keynote Speaker Luncheon – Philippe Max Rouja PhD
Bermuda’s Master of Shipwrecks
Meet the man hunting shipwrecks in the Bermuda Triangle http://cnn.it/2v95gt4
Watch the CNN Travel Video – “Chartered Waters”
Custodian of Historic Shipwrecks for the Islands of Bermuda
“Mention Bermuda and one of the first thoughts will be of shipwrecks or at least triangles. The usual stories start with the one that put us all here, the wreck of the Sea Venture in 1609 carrying colonist from England to the fledgling colony in Jamestown but scratch that!
With at least 300 shipwrecks in our waters there are plenty more stories: little known folklore and those of international renown, from cold war to civil war – rum running to gun powder running – princes to pirates – fortunes lost, treasures found, treasures stolen and treasure to find.
All of our wrecks mark the end and sometimes the beginning of incredible human stories. The difficult bit is to discover them – a love story? war story? spy story? wine story? perfume story? there is science and fiction and “science fiction”, tragedy, and mystery. From lockout diving to shipwreck hunting – billionaires and bombshells – Bermuda’s Shipwrecks have it all.”
Impact of cyber and emerging technology risks for captive insurers, insurance solutions and latest risk developments (1 CPE) (1 ICCIE)
This session will provide an insight into the current thinking and insurance solutions for the ever evolving challenges of cyber and technology risks. The panel of experts will look at recent developments, insurance products and examples of insurer solutions. The panel will also provide some insight into expected future developments as well as current and emerging issues.
The Fastest Growing Captive Market: LATAM Captives (1 CPE)
The contribution from Latin American corporates to the growth of the Bermuda Captive Insurance market over the last few years has not gone unnoticed. Our panelists will discuss the key factors that have driven large multinational companies with headquarters in Latin America to start using captives and the benefits they have experienced post formation.
Networking Break – Sponsored by: Phinsys
Bermuda Shorts – a series of short sessions focusing on fresh and original captive ideas (1 CPE)
Bermuda Captive Market Survey – A presentation by the Bermuda Insurance Managers Association and PwC
- David Gibbons, Partner, PwC
- Saphia Charters, Vice President, JLT Insurance Management
An overview of direct lending investment products, the market, risk-adjusted returns and how to protect against downside risk
Cocktail Reception with Exhibitors – Sponsored by: Butterfield Bank & Marsh
Breakfast with Exhibitors – Sponsored by: Estera
New and evolving developments and innovations in insurance placements, products and coverages (1 CPE) (1 ICCIE)
Using case studies and an interactive discussion the panel will explore emerging coverages and insurance structures that are more than just theory but being put in place today to solve insurance issues. The discussion will once again prove why Bermuda is the World’s Insurance Laboratory.
Investments – an insight into innovation and trends with a global perspective on market developments, institutional responses, client requirements and risk appetite (1 CPE) (1 ICCIE)
Join a panel of insurance investment professionals for a session on the investment landscape for Captives. The panel will discuss changing risk appetites and how Captives have responded, current market developments and conditions and the governance framework necessary to make good decisions.
- Peter Downey, Captive Insurance, Barclays International
- David S. Harris, US Fixed Income Senior Investment Director, Schroders
- Andries Hoekema, Global Head, Insurance Segment, HSBC Global Asset Management
- Zachary A. Apoian, Executive Director, Head of Market Strategy and Portfolio Analytics, Morgan Stanley
Networking Break – Sponsored by: Dyna Management Services Limited
The Economists view – G7/G20, Davos, Basel III, Brexit, NAFTA, Global Political Stability/Instability – What happens next?
Lunch with Exhibitors – Sponsored by: Bermuda Tourism Authority
Reacting and adapting to challenges – a discussion with the owners of pioneering and creative captives (1 CPE) (1 ICCIE)
A Bermuda captive insurance company can be an innovative, dynamic and entrepreneurial management tool, offering solutions to evolving risk issues far beyond the traditional remit of insurance. Our panel of leading captive owners will discuss the risk landscape as it applies to major multinational organizations and the role that their captive can play in managing these risks in an ever changing business environment.
- Mike Parrish, Senior Vice President & Business Development Lead, Marsh Management Services (Bermuda) Ltd.
Emerging solutions in run-off and legacy options for captives (1 CPE) (1 ICCIE)
The session will explore opportunities for companies and their captives to access the alternative market. Run off options, including LPTs, novations and captive sales will be discussed. The panelists will talk about success stories that have benefitted their clients and the markets will talk about capital relief and their ability to continue to expand in this space.
Investment products and strategies for innovative captives – a review of investment products, portfolio mix, duration and risk profile (1 CPE) (1 ICCIE)
Captive insurance companies have a number of decisions to make in order to develop an appropriate investment strategy. Our panel of leading captive investment managers will discuss the challenges of the current investment environment and key considerations for captives in regards to investment risk management, investment products and portfolio management more generally.