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CIT discussed at Captive Education Summit

The Bermuda Underwater Exploration Institute (File photograph)

More than 150 industry professionals attended the Bermuda Captive Network’s annual Captive Education Summit at the Bermuda Underwater Exploration Institute.

The BCN said one key focus was the implications of Bermuda’s corporate income tax, with experts analysing potential challenges and opportunities for captives operating within the changing framework.

Additionally, attendees were briefed on the latest developments in Bermuda’s Personal Information Protection Act, emphasising the importance of robust data privacy measures in the captive market.

The Bermuda Monetary Authority provided updates about its on-site inspections and compliance measures. There were engaging discussions on emerging trends and opportunities in investments.

The summit also featured an in-depth exploration of actuarial and audit perspectives on captive operations, offering practical advice for optimising financial performance and compliance.

Sherman Taylor, of Ocorian (File photograph)

Sherman Taylor, head of capital markets in Bermuda at Ocorian, said: “The 2025 Bermuda education summit once again set new standards with engaging, informative presentations on relevant industry topics.”

The event was sponsored by Aon, Artex Risk Solutions, Conyers, Liberty Mutual Management, Ocorian, and Oppenheimer.

A spokeswoman for BCN said: “As Bermuda continues to exemplify its position as a global leader in captive insurance, events like the Captive Education Summit play a crucial role in fostering collaboration, innovation, and professional development and these events are free to BCN members.”

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Published January 29, 2025 at 3:00 pm (Updated January 29, 2025 at 11:09 pm)

CIT discussed at Captive Education Summit

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