A delegation from Bermuda led by David Burt, the Premier, is to travel to the annual RIMS conference next month in San Francisco.

The Bermuda Business Development Agency is central to activities of the government delegation and a large number of delegates from the Bermuda insurance industry during the event.

RISKWORLD, April 10-13, is RIMS’ first major in-person event since 2019.

The conference normally brings together more than 10,000 attendees from over 70 countries, 400 exhibitors from across the globe and more than 300 speakers.

Mr Burt said: “Government is committed to supporting and growing the risk management industry in Bermuda, and the RISKWORLD conference gives us a chance to 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.”

Stephen Weinstein, BDA chairman, who will be attending RIMS on behalf of the organisation, said: “The world has been a difficult place to navigate over the last few years, but Bermuda’s 35-year relationship with RIMS has been a real touchstone.

“Because it attracts so many risk professionals, RIMS RISKWORLD is an ideal place to promote Bermuda as the world’s risk capital.

“The fact that it is being held in San Francisco also gives us an opportunity to build awareness that Bermuda is the best platform in the world for tech-enabled business to business financial services, for climate finance innovation, and to beta test a range of technology and infrastructure solutions.”

During the Covid-19 pandemic, the BDA said, Bermuda has maintained a close relationship with RIMS virtually and has collaborated on a 2020 RIMS/BDA virtual webinar series; the BDA’s diamond sponsorship of RIMS Live 2021, which drew over 3,000 attendees and more than 100 exhibitors across 50 countries; and several webinars in 2021, including one in June titled “Bermuda and the Changing Landscape of Climate Risk” and another in November titled “Bermuda Captives — Turning Ideas into Reality.”

To find out more about the event or to request a bespoke meeting with the delegation contact the BDA at info@bda.bm.