The Bermuda Business Development Agency [BDA], along with their partners, KBRA and the Association of Bermuda Insurers and Reinsurers [ABIR] announced that they have postponed their inaugural Bermuda Climate Summit until May 24, 2022, “due to global complexities related to the ongoing coronavirus pandemic.”
A spokesperson said, “The purpose of the two-day, invite-only summit is to welcome 90 global thought-leaders to Bermuda to share unique insights and solutions for the world’s biggest challenge, climate change.”
BDA CEO, David Hart said, “After two years of international uncertainty, we are extremely disappointed about having to postpone our February event, but we look forward to meeting safely in person with senior policymakers, leading scientists, NGO-heads, and business leaders during the beautiful month of May to continue collaborations towards the vision that Bermuda is the perfect platform to become the world’s climate risk finance capital.”
A spokesperson added, “As the world’s risk capital, climate risk finance is the most adjacent vertical to our key market strengths: [re]insurance, captive insurance, Insurance-Linked Securities [ILS], and financial services expertise. Bermuda not only has many of the world’s leading experts on weather-related catastrophes already working here, but we also have a consolidated financial services regulator, in the form of the Bermuda Monetary Authority, which understands the importance of climate concerns.
“If you are interested in being added to the waiting list to attend the in-person climate event, please email bermudaclimate@bda.bm. Sponsorship opportunities are still available – please contact us if you wish to participate. The BDA extends sincere thanks to our partners ABIR and KBRA, our Platinum sponsor Conduit Re, and our Silver sponsor Aspen for their support. And stay tuned for more information about our Bermuda Climate Webinar airing at 1 p.m. A.S.T. on February 3, 2022.
“We also welcome Government’s updated quarantine and testing rules which will be fully rolled out prior to us greeting overseas delegates to our inaugural Bermuda Risk Summit being held on Island from March 14-16, 2022,” Mr. Hart said. “Moving forward, both the Bermuda Risk Summit and the Bermuda Climate Summit will be annual, in-person, must-attend events on the business visitor calendar.”
