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Bermuda delegation on Toronto business mission

Guest speaker: Kevan Cowan, of the TMX Group

The Bermuda Stock Exchange, along with top Bermuda-based financial services executives and Government officials, are headed to Toronto next week to boost ties with Canadian businesses.On October 4 the high-level delegation will host a panel discussion on recent developments in Bermuda, which present opportunities for Canadian companies, the BSX said in a statement yesterday.“This is the fourth consecutive year that Business Bermuda and the BSX — together with host law firm Bennett Jones LLP — have orchestrated this business development initiative, one that serves to further build on the already strong ties between the two jurisdictions,” the statement said.BSX CEO Greg Wojciechowski said “the strong ties between Bermuda and Canada, in terms of trade, business generation and academia, continue to grow”.Business Bermuda CEO Cheryl Packwood said: “Bermuda and Canada have strong economic links that have fuelled growth and prosperity for both countries.“We are very pleased to return to Toronto and look forwarding to continuing the dialogue and discussion with Canadian business leaders that have led to innovation and excellence and fostered so many new business opportunities.”Ross Webber, permanent secretary for the Ministry for Business Development and Tourism, will open the session with comments on the new Bermuda tourism campaign.He will be followed by keynote speaker Kevan Cowan, president TSX Markets Group and Group head of Equities, TMX Group, who will talk about the opportunities created by the recent strategic investment by the TSX in the BSX, and provide his observations on the M&A trends in stock exchanges globally.The afternoon will feature two panel sessions including a discussion of the benefits for Canadian companies of doing business in Bermuda, specifically the coming into force of the TIEA between Bermuda and Canada, and the implications of Canada’s Ministry of Finance’s recognition of the BSX.This panel will include Brendan Caldwell, CEO of Caldwell Securities, William Woods, CEO of W Woods & Co, and Steve Woodward, a partner at KPMG.The second panel will focus on the insurance industry, discussing captives, reinsurance and insurance-linked securities.Participants on this panel include Thomas McMahon, president of Cedar Management and Jason Crane, a partner at KPMG.