ILS Bermuda sets date for Convergence 2015

by Artemis on March 11, 2015

ILS Bermuda Ltd. has announced that the date has been set for its 2015 event to promote Bermuda’s economic development as a centre of excellence for activities in the reinsurance convergence and insurance-linked securities (ILS) market.

Bermuda Convergence 2015 will be held from the 11th to the 13th November in Hamilton, Bermuda, aiming to bring an international crowd of ILS and reinsurance professionals to the island once again.

In 2014 over 300 delegates from 13 different countries attended the Convergence 2014 event, hearing from industry leaders covering ILS market trends and where the opportunities lie in this market.

Greg Wojciechowski, CEO, Bermuda Stock Exchange, and ILS Bermuda Chairman, commented; “On behalf of ILS Bermuda I am delighted to announce the dates for the third Bermuda Convergence networking and business development event. After consultation with industry colleagues in Bermuda and globally, it was determined that November, 2015 provides a time window that maximizes participation value for our guests and participants.”

“The ILS Bermuda team has been expanded this year with a view to continuing and enhancing the Bermuda Convergence networking event while concentrating on developing additional business development initiatives. Attendees at Bermuda Convergence 2015 and future events will experience first-hand why Bermuda is the world leader for the creation and servicing of insurance-linked securities and alternative reinsurance transactions.”

“I am delighted to work with the newly expanded ILS Bermuda Steering Committee whose participants represent key sectors of Bermuda’s ILS, alternative reinsurance and capital markets segments,” said Mr. Wojciechowski.

The idea to cement Bermuda’s position as a center of excellence for ILS structures and alternative reinsurance capital by hosting an exclusive event was conceived by ILS Bermuda Ltd. three years ago, with seed sponsorship from the Bermuda Business Development Agency (BDA) and strong backing from the industry.

Kathleen Faries, CEO of Tokio Solution Management and ILS Bermuda Deputy Chairman explained; “Bermuda continues to be at the center of the innovation and transformation taking place in the industry. Alternative capital strategies feature prominently in the media and have been a focus of each M & A announcement that has been circulated. 2015 is certainly shaping up to be a very interesting year with no shortage of topics and opportunities for our guests to discuss at our November networking event.”

“Bermuda’s excellence in global risk management continues to make the Island the jurisdiction of choice for this innovative asset class,” added BDA Business Development Manager for the risk sector, Jereme Ramsay, who sits on the ILS Bermuda steering committee responsible for jurisdictional promotion. “The fund management firms, regulating community and BSX platform are unique selling points for Bermuda in the ILS market.”

Artemis will, of course, be attending again and we hope to meet more of the ILS market in Bermuda in November.

Keep up with developments on Bermuda Convergence 2015 over at the ILS Bermuda website.

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