Premier Michael Dunkley met John Nelson, chairman of Lloyd’s of London, at the Cabinet Office today.

The Lloyd’s boss has been on the Island this week to attend the Bermuda Monetary Authority’s inaugural seminar, held at the Fairmont Southampton yesterday.

Mr Nelson was the keynote speaker at the Understanding the New Normal in Insurance & Reinsurance seminar, which focused on current developments in the insurance and reinsurance sector.

Mr Dunkley said: “I was very pleased to welcome chairman Nelson to the Cabinet Office. Mr Nelson and I had a good discussion, during which, he took the opportunity to extend his congratulations to Bermuda for being chosen to host the America’s Cup in 2017.

“Mr Nelson’s participation in yesterday’s seminar was very timely, and I want to commend the BMA for organising such an important forum aimed at having a robust discussion about the drivers of change in the financial services industry.”