The Bermuda Business Development Agency said last night that together with its partners, they are ready to provide a strong presence for Bermuda at Riskworld, Rims’ first major in-person event since 2019.

Riskworld is the renamed annual conference of Rims, the world’s largest community dedicated to the advancement of risk management and is being held this year in San Francisco from April 10-13.

The BDA quoted Jason Hayward, the Minister of Economy and Labour: “Bermuda is the world’s risk capital, and government is committed to supporting and growing the risk management industry in Bermuda.”

Bermuda’s delegation is led by David Burt, the premier who said late Sunday night: “RIMS provides Bermuda with an excellent opportunity to showcase everything Bermuda offers as a leading global re/insurance destination to do business.

“The Bermuda Government is committed to supporting and growing the risk management industry in Bermuda. The Riskworld conference lets us meet global leaders, learn about new commercial trends, and emphasise the importance of this sector to Bermuda.

“The delegation will combine attendance at RIMS with additional business development meetings in Silicon Valley, focusing on technology, climate risk finance and venture capital.”

Minister Hayward added: “RIMS is one of the most important events on the risk industry calendar, and with so many established and potential partners for Bermuda gathering together, we are pleased to have a strong presence at Rims.”

Stephen Weinstein, BDA chair, who is also attending on behalf of the BDA said: “We look forward to engaging with old friends and exploring new partnerships for Bermuda this week.

“In addition to celebrating Bermuda’s half century of partnership with the US risk management community, the BDA has scheduled a busy roster of business development meetings in Silicon Valley, focusing on technology, climate finance and venture capital.

“These stakeholder engagement meetings, media interviews and business development meetings with fund managers, tech entrepreneurs, and tech advisers are ideally timed to share with Bay Area leaders why Bermuda’s continuing strengths and recent innovations make it an ideal platform for global technology, risk transfer and climate finance solutions.”

The BDA expressed gratitude for the support of lead sponsor Chubb Bermuda, as well as the Association of Bermuda Insurers and Reinsurers.

The BDA statement added: “Also, in attendance at Rims will be John Huff, President & CEO of Abir, George Alayon, Assistant Director, Supervision (Insurance), Bermuda Monetary Authority, senior members of the BDA team, and several local industry leaders.

“In addition to the Bermuda house located in the main Riskworld marketplace; the Bermuda reception held in partnership with Chubb Bermuda, is a key opportunity to network with prospective Bermuda market entrants.

“Thanks to Goslings, Bermuda reception attendees will get a taste of Bermuda at “620 Jones”, on 620 Jones St, San Francisco, CA from 5.30pm to 8pm. PDT on April 12.“