A.M. BestTV: ‘We Are Going to Make the Bermuda Market Work Better,’ Says Bermuda’s Premier

By a News Reporter-Staff News Editor at Marketing Business Weekly -- In this A.M.BestTV episode, at the recent Bermuda Captive Conference, insurers said they expect the island will remain a leading global domicile because of its infrastructure, regulatory system and new government. Bermuda Premier David Burt also attended the conference and spoke with the insurance community. Click on http://www.ambest.com/v.asp?v=bcc1917 to view the entire program.

Burt, who became premier in July 2017, said that he wants the new government to help enable Bermuda's market to improve its performance.

"We believe that we provide advantages to the world. We want to encourage more people to live, work and invest in Bermuda."

Kiernan Bell, chairman, Bermuda Business Development Agency, highlighted Bermuda's excellent reputation with captives.

"Bermuda has an excellent regulator, as well as a massive amount of knowledge, which it has acquired over its 50 years of regulating captives," said Bell. "Bermuda has over $34 billion in gross premiums written into it from North American captives. This money is safe, available if needed, and the regulator knows how to market the capital of the entities that it regulates. The regulator makes certain that these entities know how to respond if any event occurs where that capital is required."

For exclusive executive interviews from the 2017 Bermuda Captive Conference, visit http://www.ambest.tv/bcc17.

Keywords for this news article include: A.M. Best, Investing.

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