Eduardo Fox, senior manager of corporate and commercial trusts at Appleby and leader of the BBDC’s LatAm Committee, chaired the event and moderated panel discussions on enterprise risk management and the importance of companies developing a comprehensive risk management culture.A press release describing the event stated that was co-hosted by LatAm Insurance Review and Captive Review, and the attendees included mature captive owners to companies still contemplating the use of a captive as a risk transference mechanism, as were representatives from corporations headquartered throughout the Latin American region, including Colombia, Chile, Peru, Uruguay and Panama.“An exclusive set of service providers, predominantly from Bermuda, were also in attendance at the event.”BBDC said they provided “support to key representatives from Bermuda’s captive insurance industry as they promoted Bermuda as the domicile of choice.“These executives, along with a senior representative from the Bermuda Monetary Authority, emphasised Bermuda’s robust regulatory framework and high standards of supervision and transparency as a key reason for operating captive insurers in Bermuda,” and pointed to Bermuda’s 39 Tax Information Exchange Agreements (TIEAs), four of which are with Latin American countries.As the world’s first and largest captive domicile, Bermuda was showcased as the preferred location for captives due to its extensive history and expertise. Furthermore, Bermuda’s position as a reinsurance hub distinguished it from its competitors in its ability to offer one-stop-shop solutions.Lawrence Bird stated: “Bermuda’s presence at this targeted, high-level conference helped to emphasise our jurisdiction’s position as the leading captive domicile and forge critical new relationships and greater understanding of Latin America which is key to our continued success in region. Our strategic approach is to demonstrate that Bermuda is well ahead of other domiciles with respect to signed TIEAs and global standards of compliance and regulation, which will be instrumental to our success in the near and long-term.”Mr. Bird added: “Clearly there is an opportunity for Bermuda to support the growth of Latin American businesses and we appreciate the guidance of our local ambassadors and representatives from Bermuda in helping us accomplish that. With the right products, services and regulatory framework we can continue to drive meaningful results.”Other local representatives at the conference included Shelby Weldon, director, licensing and authorisation, Bermuda Monetary Authority; Clare Spearing, head of operations, BBDC; Lawrence Bird, BBDC director and BIMA President; José Peña, vice President and partner Latin America, JLT Insurance Management (Bermuda) Ltd.; Nick Frost, President, R&Q Quest Management Services Limited; Daniel Message, AVP, R&Q Quest Management Services Limited; and Thomas Kelly, managing director, KPMG Bermuda.Colombian delegates included Carlos Rodriguez of JLT Re and Maria Escobar of Marsh as well as local ambassadors Julian Laguna from Pacific Rubiales Energy — currently in the process of incorporating a captive in Bermuda — and Gabriel Rueda from Orion Re, who operates a egregated account company in Bermuda.The BBDC’s LatAm Committee will be providing additional information, recommendations and research which will focus on maximising the development of business for Bermuda in the region.