Marsh CEO to speak to Captives

It’s time to bring in the heavy hitters.

Peter Zaffino, president and CEO of Marsh Inc, is scheduled to speak to the Ninth Bermuda Captive Conference at June 10-12 at the Fairmont Southampton Resort.

Mr Zaffino has had a number of high-level strategic roles in Marsh & McLennan Companies and in both insurance and reinsurance. He is a member of the Marsh & McLennan Companies Executive Committee.

Peter Willitts, Bermuda Captive Conference (BCC) chairman, said in a press release that he is excited by the participation of Mr. Zaffino at this year’s event.

He said: “Over the years we have been lauded for the high quality speakers we have attracted to the Conference and this year will be no exception. We think Mr. Zaffino will be of interest to risk managers and others attending the conference.”

Mr. Willitts added: “The team of organizers for the BCC has been active in building the best possible event to educate, inspire and uplift delegates.

“Just as Bermuda’s name is synonymous with excellence in global risk financing, our BCC organizers are intent on continuing a trend of high quality meetings.”

Allison Towlson, chair of the Bermuda Insurance Development Council, added that while there are a number of factors that separate Bermuda as a captive domicile from other jurisdictions, one will be widely evident this year.

Ms Towlson said: “Bermuda is the largest captive domicile by number of captives, and importantly by premium, and many business leaders are acutely aware that Bermuda has more captive expertise than elsewhere — with more qualified professionals serving the sector who understand captive insurance and buyers’ needs.

“What is significantly different about the conference this year, is that BCC delegates will also find more access to insurers and reinsurers who provide a myriad of products designed to meet commercial insurance and reinsurance needs.

“Bermuda is after all the one domicile that can boast three key pillars to our industry - captives, insurers and reinsurers. Why not showcase for the attendees all that Bermuda has to offer in this sector? There will be ample opportunity for delegates to gain further insight into the full capabilities of the Bermuda Market from representatives of various insurance and reinsurance companies. This is great collaboration between Bermuda’s commercial and captive markets that sets the BCC apart from other conferences.”

April 1 begins  early registration for the conference. Last year’s event attracted a record 600 delegates.