Bermuda and the soft market will be among the topics when the Risk and Insurance Management Society Inc. (RIMS) holds a Bermuda Market Symposium, Nov. 16-18, near Hamilton, RIMS said.
The event, which was in London last year, will take place at the offices of XL Capital Ltd. and ACE Ltd. The seminar will feature a spectrum of topics, from the basics of entering the market through more complex issues including captive insurers; casualty, liability and property insurance; and reinsurance.
Karl Zimmel, director of risk management, Alberto-Culver Company, and chairman of the RIMS Symposium's Program Advisory Committee, noted in a statement that Bermuda "is one of the largest, fastest-growing and most divergent markets for insurance and reinsurance.
He said the meeting would be "an extraordinary opportunity to meet with key players and learn about current issues."
Topics include industry regulation, how Bermuda can help in a soft property market, uses other than catastrophe for general liability, directors and officers coverage capacity in Bermuda, executive risk exposures, reinsurance capacity and capabilities, and unique coverages.
RIMS said it has invited Bermuda Premier Alex Scott; Paula Cox, Bermuda minister of finance; and Brian M. O'Hara, president and chief executive officer, XL Capital Ltd. and chairman of XL Insurance (Bermuda) Ltd., to attend.
The third and final day of the symposium, titled "Risk Management and the Bermuda Market: Explore the Possibilities," is a day for participants to meet one-on-one and conduct business with key players in the Bermuda Market.
The session titled "Open Market Day" is a forum to create a network of marketplace contacts, discuss specific issues and ask questions pertaining to particular organizations, according to RIMS.
An "early bird discount" of $495 for RIMS members and $795 for non-members is being offered through Sept. 2.
Online registration is available at http://www.RIMS.org/symposiums and additional information is obtainable at Bermuda@rims.org or 212-655-6031.
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