Bermuda Business Development Agency Showcases Economic Growth at London Forum for Global Finance

Bermuda's Economic Growth Forum: A Platform for Global Financial Engagement

This month, the Bermuda Business Development Agency (BDA) is representing Bermuda in London through its forum entitled "The Bermuda Advantage". This event is designed to bring together business leaders from the UK, focusing on how the island is innovating within the global finance sector, particularly amidst significant changes in risk, private wealth, and technology industries.

Scheduled for November 27 at the 1 Hotel Mayfair, the forum will feature welcoming remarks from the Hon. E. David Burt, JP, MP, Premier of Bermuda, setting the tone for a robust discussion on the territory's strategic approach to evolving financial landscapes.

Part of the agenda includes a fireside chat with The Honourable Jason Hayward, JP, MP, the Minister of Economy and Labour. He will touch upon recent key regulations, specifically the Benefit Entities Act of 2025 and the Trustee Amendment Act of 2025, which bolster Bermuda’s reputation as a trustworthy destination for modern wealth management and corporate governance.

Focus on Industry Segments

The event will delve into three essential sectors:
1. Private Wealth: Here, attendees will discuss how Bermuda's regulatory framework supports cross-border investments and the preservation of wealth through innovative legislation and leading investment trust practices.

2. Technology Innovation: Bermuda has established itself as the prime jurisdiction for digital asset businesses, ensuring they can operate with the necessary trust, stability, and robust institutional oversight. This session aims to highlight the convergence of digital assets, wealth management, and insurtech within Bermuda's carefully regulated ecosystem.

3. Risk Insurance: Known as the world’s risk capital, Bermuda will showcase its advancements in insurance solutions and developments in insurtech. This session will explore how strategic captives and innovative risk solutions are leading the sector forward.

Jason Hayward emphasized, "Bermuda is experiencing notable economic momentum. Our historic role in global business, along with our vision for innovation and workforce empowerment, is contributing to a thriving business environment. Our regulatory clarity and superior governance are paving pathways for tangible business progress."

Legislative Leadership

Bermuda has implemented strong regulatory frameworks for digital assets and insurtech, resulting in accelerated growth in these areas. Recent mergers among local insurtech firms, such as CatX and Cactus, along with the successful capital raise by the first regulated Bitcoin life insurer of $82 million, underscore the burgeoning confidence in Bermuda's insurtech landscape.

David Parker, Head of Business Development at the BDA, stated, "The London Forum symbolizes the global importance of the impactful work being conducted in our leading sectors: finance, technology, and insurance. The interconnectedness of our markets, coupled with Bermuda's ability to facilitate collaboration, can significantly boost investment and outline the next phase of global finance and risk management."

For additional insights into the BDA and its upcoming ventures, explore here.

Conclusion

As Bermuda continues to respond effectively to the demands of the global finance industry through fostered innovation and regulatory clarity, its participation in forums like the one in London serves to solidify its position as a crucial player in international business. By engaging in these dialogues, Bermuda is poised to maintain its reputation as a sophisticated hub for global business, ultimately advancing its economic interests while supporting various industries.