The Bermuda Risk Summit is to kick off on March 13 with a keynote conversation between David Burt, the Premier, and Marc Grandisson, the chief executive of Arch Capital Group Ltd.

The three-day event is presented by the Bermuda Business Development Agency in partnership with the Association of Bermuda Insurers and Reinsurers and EY.

Mr Burt said: “It is an opportunity to engage with industry leaders and for potential new market entrants to experience our globally significant risk market first-hand on our shores, which will help them truly appreciate what makes Bermuda a unique risk and insurance solutions domicile.”

In 2021, Arch celebrated its 20th anniversary as a Bermuda domiciled company and in 2022 was added to the Standard & Poor’s 500 Index, joining a select group of other global property & casualty and reinsurance companies listed on the exchange.

Mr Grandisson said: “I am looking forward to discussing Bermuda’s successes and opportunities with Premier Burt on March 13.

“One of Bermuda’s core strengths is how government and the private sector work together to solve critical issues and I thank the BDA and its partners, Abir and EY, for facilitating what I expect to be a fruitful conversation.”

Other panels on the opening day include Putting Capital to Work: A View from the Top; Market View: Global Regulators, A Climate Conversation; and Florida Reforms: Transformation or Illusion.

In addition to innovative content, registration includes C-suite networking opportunities daily, including an opening reception sponsored by SS&C Technologies, and a Friday networking happy hour, sponsored by BermudAir.

The BDA said registered delegates qualified to receive 20 per cent off flights on BermudAir, which flies to the island from Westchester, NY; Fort Lauderdale, Florida; and Boston, Massachusetts.

A BDA spokesman said: “The immediate economic impact of the 2023 Bermuda Risk Summit, which had a total of 450 attendees (more than 150 from overseas), including lodging, transportation, food and beverage, retail and recreation was estimated at $1.8 million, and supported 266 jobs.

“Far more significant were the long-term economic benefits brought about by the approximately 100-plus additional visitors who flew to Bermuda for business meetings during the week of the summit.”