The Bermuda Business Development Agency BDA) promoted the island’s strengths and aspirations to develop and grow a new Climate Risk Finance economic pillar during the latest CRF roadshow in New York City last week.

Across four days, from November 29 until December 2, the BDA delegation, led by Curtis Dickinson, the finance minister, engaged with leading global capital allocators that have combined assets under management of nearly $11 trillion.

Mr Dickinson said: “Bermuda must find ways to grow and diversify our economy and I am convinced the opportunities in the CRF space deserves to be a priority focus.

“It was a pleasure to inform some of the world’s largest capital allocators about Bermuda’s pristine reputation for international regulatory compliance and for domiciling innovative, business-to-business, risk transfer companies.

“Our delegation was very well received, and I am optimistic that business will be generated in Bermuda as a result.”

David Hart, the CEO of the agency, said: “The purpose of this visit was to share the Bermuda story and key attributes around CRF, including our key market strengths, superior human capital, openness to innovation and collaborative spirit.

"Those strengths were on display by having a delegation led by minister Dickinson, but also consisting of leaders from the BMA, BSX and the private sector.”

Completing the NYC delegation was Hasan Durham, economic addvisor, Ministry of Finance; Martin Maringi, deputy director, supervision (insurance), Bermuda Monetary Authority; BDA chairman Stephen Weinstein; George Thomas, BDA board member and BDA Business Development Committee chairman; Greg Wojciechowski, Bermuda Stock Exchange CEO and BDA board member; and Jamari Douglas, director of marketing, BDA.

“Future CRF roadshows are already being planned, including in Silicon Valley next year,” Mr Hart said.

“We also encouraged the roadshow participants to visit Bermuda next year for our inaugural Bermuda Climate Summit being held on island from February 2-3, 2022.”