Labor and Economy Minister Jason Hayward delivered a welcome address on behalf of the Government of Bermuda at the 2022 Bermuda Captive Conference.

Minister Hayward said: Bermuda He would like to begin by thanking the delegates, speakers and conference organizers for attending and hosting the Captive Conference.

“After using technology to its full potential over the past three years to maintain business continuity, it was great to see so many attendees in the room at today’s conference.

“The Department of Economy and Labor is responsible for promoting economic growth and development. We ensure that Bermuda’s business ecosystem is one that enables business to thrive.

“As Minister for Economy and Labor, I am delighted to be here today to officially welcome you to this year’s Bermuda Captive Conference entitled ‘FUSION.

“The collaborative work that takes place during this conference fosters a combination of collective experience, a commitment to excellence and a vision for the future that will enable this jurisdiction to remain a global leader in risk management and sustainability. We sincerely hope to guarantee financial prudence.

“On behalf of the Government of Bermuda, I would like to congratulate you on your 60th anniversary in the industry.

“Our continued pursuit of excellence and innovation has helped provide opportunities for so many Bermudians who have had the opportunity to be exposed to an exciting and ever-changing industry.

“The newly launched Bermuda Captive Network is a great opportunity to strengthen connections among our members, maintain momentum among businesses and partners, and continue to thrive. The organization’s mission to stand is supported by the government.

“Bermuda’s captive industry is resilient and a cornerstone of today’s international business sector. We support many other business activities within the community.

“Bermuda aims to remain the industry leader in captives, as this includes incorporating the first modern captive and adopting a pragmatic and flexible approach to our regulatory framework. is.

“Yesterday I heard from a panelist that Bermuda is the best place in the world to be home to an insurance business. No place on earth, the sophisticated Bermuda market continues to attract capital from all over the world.

“In closing, I wish you all the best for your conference. Congratulations to all who will win prizes at this event – ​​congratulations! Enjoy the conference and the rest of the day.”


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