Climate Risk Finance Road Show

The Minister, accompanied by Member of Parliament, Mr. Jache Adams, JP. MP., led a delegation of BDA representatives to a roadshow on "Climate Risk Finance" in New York City. The purpose of the roadshow was to introduce Bermuda's strengths, strategy, and aspirations on being the Climate Risk Finance capital of the world. The Minister held a number of high level meetings with some of New York's leading law firms, advisers, and asset managers, highlighting Bermuda's core competitive advantages as a capital for climate risk finance, and a hub for climate tech innovation. These firms represent revenues of $3.28 billion, and maintain offices in 54 cities worldwide. The Minister shared with these firms, Government's recent climate and Environmental Social and Governance (ESG) commitments, along with Bermuda's unique island location and innovative spirt, which has inspired Bermuda to embrace sustainability and risk mitigation practices for 400 years. The Minister also emphasized the many reasons why Bermuda would be the ideal location in which to domicle and operate global business-to-business financial services firms, noting our commitment to transparency and quality business; our proven track-record in climate-driven catastrophe (re)insurance, and our stellar reputation as a quality financial services centre. The Minister concluded that he was confident that this new sector would emerge as a pillar of Bermuda's word class market, fostering additional investment, employment, and career prospects for Bermudians.