Q&A with Brad Adderley on Bermuda's role in the global insurance industry
New market entrants, the return of traditional market players and changing regulations once again have the world’s insurance providers’ eyes set on Bermuda. Appleby partner Brad Adderley has both the corporate expertise and the insurance knowledge needed to handle the complex issues associated with insurers and reinsurers in the region. Expert Guides editor Chris Allen spoke to Adderley about the role Bermuda has played and is likely to play in the global insurance industry.
What we’ve seen is, and Bermuda as a jurisdiction has really been pushing this, experts from Bermuda working with local on-the-ground specialists, to develop the
knowledge and understanding of the insurance/reinsurance industry in the Latin American market, and to help facilitate long-term business in Latin America.
Over the last eight years we’ve started to see major Latin American companies and organisations forming new insurance/reinsurance companies every year. Recently it’s been as many as two a month. An increasing number of Bermuda-based insurance managers are now regularly flying down to Latin America to give presentations at conferences and to undertake business development across the region. We also have the Bermuda Captive Conference, where there is an entire
Latin America section, complete with presentations tailored to various Latin American jurisdictions and types of companies, with Spanish and Portuguese translations of the content. It really offers every piece of information interested Latin American parties would need…
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