Welcome to The Bermuda Angle, the bi-monthly roundup of international business news, views, and events that you need to know about from our world-leading financial jurisdiction.
David Hart
Message from CEO David Hart
At the beginning of the fourth quarter of 2021, I was honoured to take up the mantle as CEO of the BDA. As CEO, I am responsible for providing energetic and collaborative leadership to drive results with respect to the BDA’s mission of growing and diversifying Bermuda’s economy by attracting investment and employment in targeted industries. I hit the ground running, welcoming global leaders for the Bermuda Tech Summit, representing Bermuda as part of a delegation at COPO26 in Scotland, and joining Bermuda’s climate risk finance roadshow where we met with leading global capital allocators with combined assets under management of nearly $11 trillion. The BDA capped off 2021 with its official End of Year Report, which details the agency’s success in bringing business to Bermuda and promoting the jurisdiction as an ideal place to both work and live. Continue reading here.
Upcoming Conferences & Events
RIMS The BDA will attend RIMS 2022, RISKWORLD, the reimagined conference and exhibition from RIMS in San Francisco, California from April 10-13. We are excited to gain new perspectives and connections to build a bigger, stronger, and more versatile risk management community.
The BDA will showcase its Bermuda House at the RIMS Exhibit Hall in addition to hosting climate risk finance meetings and our annual Bermuda Reception, in partnership with Chubb, on Tuesday, April 12. We invite you and your clients to attend, please RSVP to the reception here.
New York Executive Forum The BDA is headed back to the Big Apple! The BDA is pleased to attend the New York Executive Forum on May 11. BDA representatives will meet with executives from various industries including technology & innovation, infrastructure, high net worth services, asset management, climate, and ESG to promote Bermuda’s world-class business community and innovative spirit.
Bermuda Climate Summit The BDA, in partnership with the Association of Bermuda Insurers and Reinsurers (ABIR) and KBRA, will welcome climate thought leaders to Bermuda this May 24 for the invite-only Bermuda Climate Summit. Building on its status as the world’s risk capital, Bermuda is now positioning itself as a world capital for climate risk finance, the most adjacent vertical to its key market strengths: re/insurance, Insurance-Linked Securities (ILS), and financial services expertise.The Summit will connect senior policymakers, leading scientists, NGO-heads, and business leaders to share their unique insights and solutions for the world’s biggest challenge, climate change. If you are interested in sponsoring or would like more information on the Bermuda Climate Summit, please email bermudaclimate@bda.bm.
Bermuda Tech Week Bermuda Tech Week is back! From Oct. 24-28, innovators from around the world will descend on Bermuda to a series of events including the Bermuda Tech Summit and the Bermuda Education Summit. Last year’s Bermuda Tech Summit welcomed nearly 800 delegates from 500 companies across 52 countries to learn, share ideas, and connect with one another. We are excited to again welcome leaders from around the globe in 2022 for informative panels, discussions, and networking opportunities. Learn more here.
2021 End of Year Report The BDA capped off 2021 with its official End of Year Report, which details the agency’s success in bringing business to Bermuda and promoting the jurisdiction as an ideal place to both work and live. The BDA delivered on its stated goals for 2021:Protect/Promote Bermuda’s Economic PlatformSustain and expand existing business sectorsIdentify and grow new business lines/sectorsStrengthen Bermuda’s economic platformMaintain and increase stakeholder engagement
BDA Launches ESG Hub The BDA has launched an Environmental, Social and Governance (ESG) hub to highlight how Bermuda is building on its conservation legacy to tackle climate change. Since its inception, Bermuda has been a steadfast steward of both the land and sea, passing the New World’s first written conservation legislation in 1620 to protect sea turtles. Today, Bermuda is one of the rare places where passionate environmental research and conservation organizations intersect with climate risk mitigation-minded businesses and green government policies to create a fortified response to climate change.The BDA is building a framework around climate risk finance mitigation, combining Bermuda’s industry strengths with the country’s forward-thinking policies and world-renown research. Climate risk finance is part of our DNA and part of our future.
WATCH NOW:
CLIMATE CENTRAL Learn how Bermuda is leading the world in environmental stewardship and climate risk mitigation.
Economic Investment Certificate Anniversary Bermuda’s Economic Investment Certificate (EIC) initiative celebrates its one-year anniversary this year! The initiative provides qualifying parties with the opportunity of living and working in Bermuda for five years. To qualify, candidates must invest a minimum of $2.5 million in an approved category that includes real estate, charity, and new business. EIC has generated over $300 million of investment since its inception 1 year ago. The BDA is proud to be a lead facilitator of this initiative and looks forward to a strong second year.
Sold Out Bermuda Risk Summit Hailed Great Succes
The sold-out Bermuda Business Development Agency’s (BDA) Bermuda Risk Summit was declared an immense success, with over 80 overseas delegates in attendance.
The immediate economic impact of the event, which had a total of 350 delegates, including lodging, transportation, food and beverage, retail and recreation was estimated at over one million dollars, and supported around 200 jobs. Based on market feedback, dozens of additional visitors flew to Bermuda for business meetings around the event, bringing additional economic impacts to the island… continue reading more.
WATCH THE WRAP VIDEO:
BDA Speakers Page We know that Bermuda has a diverse and dynamic talent pool and our goal is to showcase all talent the island has to offer. For our BDA produced events we are often looking for thought-leaders, talent at all levels, and subject matter specialists to help us tell the Bermuda story. If you are interested in being a panellist or would like to nominate someone, please fill out our speakers form.
BDA Resources Available to You Our resource page keeps you up to date on the Bermuda market with access to a wide range of resources and reports, including relevant publications, informative articles, newsletters, and cutting-edge industry research.Additionally, we have invaluable resources to help you make informed decisions for your business in Bermuda. Download forms, templates, and calculator resources to support your on-island business ventures.
WATCH AGAIN:
Bermuda Angle Webinar: Bermuda’s Economic Investment Certificate This informative webinar discusses the details and benefits of Bermuda’s Economic Investment Certificate (EIC), which provides qualifying parties with the opportunity of living and working in Bermuda for five years and is designed to stimulate economic activity on-island and promote Bermuda as an ideal place to live and work. Business.
Bermuda Climate Webinar On February 3, 2022, the BDA, in partnership with the Association of Insurers and Reinsurers (ABIR) and KBRA, held the Bermuda Climate Webinar featuring a one-on-one conversation with the Premier of Bermuda, the Hon. David Burt, JP, MP and BDA CEO, David Hart. Premier Burt and Mr. Hart spoke about Bermuda’s commitment to addressing climate change and how climate risk finance is a natural fit for Bermuda given its status as the world’s risk capital.
Connecting Business
The BDA encourages direct investment and helps companies start up, re-locate, or expand their operations in our premier jurisdiction. An independent, public-private partnership, we connect you to industry professionals, regulatory officials, and key contacts in the Bermuda government to assist domicile decisions.
