Customise Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorised as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyse the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns.

No cookies to display.

Labour Minister Jason Hayward Congratulates B.B.D.A. for Holding Successful Bermuda Risk Summit

The Minister of Economy & Labour, The Hon. Jason Hayward, JP, MP, today congratulated the Bermuda Business Development Agency (BBDA) on holding its second annual Bermuda Risk Summit on March 6-8, 2023.

The 2023 Bermuda Risk Summit attracted 450 attendees, including 150 from overseas, and the short-term economic impact, including lodging, transportation, food and beverage, retail, and recreation, was estimated at $1.8 million, supporting 266 jobs. This $1.8 million includes approximately 100+ additional visitors who flew to Bermuda for business meetings or ancillary events taking place this week around the Bermuda Risk Summit.

Minister Hayward said, “I wish to congratulate the BDA and its hard-working staff for organising another great event. The BDA’s inaugural event, held on March 14-16, 2022, attracted 350 delegates, 80 from overseas. The BDA and its partners are genuinely doing a yeoman’s service for the local economy by continuing to build out this annual event in every measurable way.”

“I was fortunate to attend and give remarks at this year’s event and inform this essential gathering of senior business leaders that the Ministry of Economy and Labour remains committed to International Business.

“Coined the world’s risk capital, Bermuda’s insurance and reinsurance sectors are significant to the local economy and critical to the global economy. We want to keep it that way.

“Bermuda is the single most crucial property and catastrophe market in the world and one of the largest reinsurance hubs in the world, alongside London and New York. The island’s insurance risk services account for as much as a third of the world’s reinsurance capacity. Countries and international corporations have relied on Bermuda’s reinsurance services to cover their liabilities for over 50 years, covering billions in losses after significant wildfires, hurricanes and other natural disasters, helping communities to get back up and running.

“I thank all the sponsors and everyone who came to Bermuda to participate in or conduct business around the event.”

Any content which is considered unsuitable, unlawful, or offensive, includes personal details, advertises or promotes products, services or websites, or repeats previous comments will be removed.

User comments posted on this website are solely the views and opinions of the comment writer and are not a representation of or reflection of the opinions of TNN or its staff.

TNN reserves the right to remove, edit or censor any comments.

TNN accepts no liability and will not be held accountable for the comments made by users.