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<br /> Published by TIMES Group 2023-2024 Edition<br /> Your business faces challenges every day. Conyers brings solutions.<br /> Let us pay attention to the details so you don’t have to.<br /> conyers.com<br /> CREDITS PAGE<br /> Published by:<br /> Time International Media & Events Services Ltd.<br /> 3-4 Rumsey House, Locks Hill, Rochford, Essex, SS4 1BB, UK.<br /> T: +44 (0)1702 53 0000 | F: +44 (0)1702 53 3088<br /> E: mail@timesgroup.co.uk | www.timesgroup.co.uk<br /> In Association with:<br /> Printed in the UK by Paragon<br /> CBP019225<br /> This magazine is printed on an FSC certified mixed sources paper.<br /> Printed by Paragon, an FSC and ISO 140001 accredited company.<br /> Index of Advertisers<br /> Bermuda Business Development Agency (BDA)<br /> A. Maxwell Roberts Building, 6th Floor,<br /><a title="Bermuda Business Review 2023-2024 page 1" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=1"> Published by TIMES Group </a> <a title="Bermuda Business Review 2023-2024 page 2" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=2"> Your business faces challenges every day. Conyers</a> <a title="Bermuda Business Review 2023-2024 page 3" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=3"> CREDITS PAGE Published by: </a> <a title="Bermuda Business Review 2023-2024 page 4" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=4"> ACKNOWLEDGEMENTS An aerial view of Bermuda. Imag</a> <a title="Bermuda Business Review 2023-2024 page 5" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=5"> </a> <a title="Bermuda Business Review 2023-2024 page 6" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=6"> </a> <a title="Bermuda Business Review 2023-2024 page 7" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=7"> CONTENTS 9 PREFACE Her Ex</a> <a title="Bermuda Business Review 2023-2024 page 8" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=8"> BERMUD BUSINE STARTS HERE ”For me, my family come</a> <a title="Bermuda Business Review 2023-2024 page 9" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=9"> S & COMMERCE USTAINABLE ss Journalist IFICATIO</a> <a title="Bermuda Business Review 2023-2024 page 10" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=10"> Our Bermuda practice brings together legal specia</a> <a title="Bermuda Business Review 2023-2024 page 11" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=11"> PREFACE PREFACE HER EXCELLENCY MS RENA LALGIE,</a> <a title="Bermuda Business Review 2023-2024 page 12" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=12"> WELCOME TO BERMUDA… COMPLIMENTS OF CEDAR AVIATION</a> <a title="Bermuda Business Review 2023-2024 page 13" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=13"> FOREWORD FOREWORD THE HON. DAVID BURT, JP, MP,</a> <a title="Bermuda Business Review 2023-2024 page 14" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=14"> FOREWORD Image by mapsandphotos / copyright Shut</a> <a title="Bermuda Business Review 2023-2024 page 15" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=15"> BERMUDA CREATE MEMORIES TO LAST A LIFETIME! Oce</a> <a title="Bermuda Business Review 2023-2024 page 16" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=16"> </a> <a title="Bermuda Business Review 2023-2024 page 17" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=17"> INTRODUCTION INTRODUCTION DAVID HART, CEO, BER</a> <a title="Bermuda Business Review 2023-2024 page 18" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=18"> / copyright Shutterstock Image by sandy plansnada</a> <a title="Bermuda Business Review 2023-2024 page 19" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=19"> </a> <a title="Bermuda Business Review 2023-2024 page 20" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=20"> PREMIER INTERNATIONAL BUSINESS & FINANCE CENTRE </a> <a title="Bermuda Business Review 2023-2024 page 21" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=21"> Intelligent and insightful offshore legal advice </a> <a title="Bermuda Business Review 2023-2024 page 22" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=22"> PREMIER INTERNATIONAL BUSINESS & FINANCE CENTRE </a> <a title="Bermuda Business Review 2023-2024 page 23" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=23"> PREMIER INTERNATIONAL BUSINESS & FINANCE CENTRE </a> <a title="Bermuda Business Review 2023-2024 page 24" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=24"> PREMIER INTERNATIONAL BUSINESS & FINANCE CENTRE </a> <a title="Bermuda Business Review 2023-2024 page 25" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=25"> PREMIER INTERNATIONAL BUSINESS & FINANCE CENTRE </a> <a title="Bermuda Business Review 2023-2024 page 26" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=26"> VIEWPOINT AGENTS OF CHANGE Hamilton, Ber</a> <a title="Bermuda Business Review 2023-2024 page 27" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=27"> VIEWPOINT BY ARTHUR WIGHTMAN Bermuda r</a> <a title="Bermuda Business Review 2023-2024 page 28" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=28"> VIEWPOINT Wildfires release carbon dioxide (CO2)</a> <a title="Bermuda Business Review 2023-2024 page 29" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=29"> a time when people want to work for organisations</a> <a title="Bermuda Business Review 2023-2024 page 30" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=30"> GLOBAL PARTNERS US AND BERMUDA: A THRIVING RELAT</a> <a title="Bermuda Business Review 2023-2024 page 31" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=31"> </a> <a title="Bermuda Business Review 2023-2024 page 32" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=32"> GLOBAL PARTNERS </a> <a title="Bermuda Business Review 2023-2024 page 33" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=33"> and Border Protection Preclearance. Passengers ar</a> <a title="Bermuda Business Review 2023-2024 page 34" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=34"> GLOBAL PARTNERS CANADA AND BERMUDA: GROWTH THROU</a> <a title="Bermuda Business Review 2023-2024 page 35" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=35"> GLOBAL PARTNERS Selene Vomer Lookdown Fish. Ima</a> <a title="Bermuda Business Review 2023-2024 page 36" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=36"> GLOBAL PARTNERS ENGAGING WITH CARIBBEAN PARTNERS</a> <a title="Bermuda Business Review 2023-2024 page 37" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=37"> GLOBAL PARTNERS Gibbs hill lighthouse in Bermud</a> <a title="Bermuda Business Review 2023-2024 page 38" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=38"> GLOBAL PARTNERS </a> <a title="Bermuda Business Review 2023-2024 page 39" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=39"> GLOBAL PARTNERS As a special</a> <a title="Bermuda Business Review 2023-2024 page 40" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=40"> REGULATION & SUPERVISION PERSEVERANCE IN A CRITI</a> <a title="Bermuda Business Review 2023-2024 page 41" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=41"> Image by Nick N A / copyright Shutterstock Bermu</a> <a title="Bermuda Business Review 2023-2024 page 42" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=42"> BMA is encouraging the sector to work continuousl</a> <a title="Bermuda Business Review 2023-2024 page 43" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=43"> REGULATION & SUPERVISION BERMUDA’S PRAGMATIC REG</a> <a title="Bermuda Business Review 2023-2024 page 44" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=44"> international markets to know that various Bermud</a> <a title="Bermuda Business Review 2023-2024 page 45" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=45"> CLIMATE RISK FINANCE CAPITAL </a> <a title="Bermuda Business Review 2023-2024 page 46" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=46"> Image by SaltedLife / copyright Shutterstock </a> <a title="Bermuda Business Review 2023-2024 page 47" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=47"> Image by amgun / copyright Shutterstock </a> <a title="Bermuda Business Review 2023-2024 page 48" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=48"> CLIMATE RISK FINANCE CAPITAL SECOND BERMUDA</a> <a title="Bermuda Business Review 2023-2024 page 49" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=49"> CLIMATE RISK FINANCE CAPITAL Aerial view of co</a> <a title="Bermuda Business Review 2023-2024 page 50" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=50"> CLIMATE RISK FINANCE CAPITAL Dr William B. Cur</a> <a title="Bermuda Business Review 2023-2024 page 51" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=51"> CLIMATE RISK FINANCE CAPITAL Image by </a> <a title="Bermuda Business Review 2023-2024 page 52" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=52"> Image by Alberto Andrei Rosu / copyright Shutters</a> <a title="Bermuda Business Review 2023-2024 page 53" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=53"> can impact both physical and intangible assets. </a> <a title="Bermuda Business Review 2023-2024 page 54" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=54"> (RE)INSURANCE THIRTY YEARS OF (RE)INSURANCE INDU</a> <a title="Bermuda Business Review 2023-2024 page 55" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=55"> ©2023 Chubb. Coverages underwritten by one or mor</a> <a title="Bermuda Business Review 2023-2024 page 56" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=56"> Liability Insurance Association - ABIR’s antecede</a> <a title="Bermuda Business Review 2023-2024 page 57" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=57"> the message of the Bermuda (re) insurance market’</a> <a title="Bermuda Business Review 2023-2024 page 58" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=58"> (RE)INSURANCE PRIORITISING PROTECTION AND FINANC</a> <a title="Bermuda Business Review 2023-2024 page 59" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=59"> (NAIC) deemed Bermuda a Qualified Jurisdiction wit</a> <a title="Bermuda Business Review 2023-2024 page 60" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=60"> </a> <a title="Bermuda Business Review 2023-2024 page 61" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=61"> </a> <a title="Bermuda Business Review 2023-2024 page 62" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=62"> CAPTIVES CAPTIVE SUSTAINABILITY SOLUTIONS BY AND</a> <a title="Bermuda Business Review 2023-2024 page 63" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=63"> Image by Rawpixel.com / copyright Shutterstock </a> <a title="Bermuda Business Review 2023-2024 page 64" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=64"> data-driven risk management strategies. They can </a> <a title="Bermuda Business Review 2023-2024 page 65" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=65"> reduction efforts. By creating speciali</a> <a title="Bermuda Business Review 2023-2024 page 66" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=66"> </a> <a title="Bermuda Business Review 2023-2024 page 67" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=67"> Meanwhile, the reinsurer capital base has shrunk </a> <a title="Bermuda Business Review 2023-2024 page 68" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=68"> Image by Doucefleur / copyright Shutterstock </a> <a title="Bermuda Business Review 2023-2024 page 69" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=69"> Bermuda is in a position to lead in this space gi</a> <a title="Bermuda Business Review 2023-2024 page 70" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=70"> BERMUDA & RIMS SECURING STRONG RISK MANAGEMENT R</a> <a title="Bermuda Business Review 2023-2024 page 71" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=71"> BERMUDA BUSINESS & COMMERCE ADVANCING SUSTAINABL</a> <a title="Bermuda Business Review 2023-2024 page 72" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=72"> American shippi</a> <a title="Bermuda Business Review 2023-2024 page 73" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=73"> BERMUDA BUSINESS & COMMERCE Bacardi’s Bermuda h</a> <a title="Bermuda Business Review 2023-2024 page 74" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=74"> decommissioned half of its generators and is look</a> <a title="Bermuda Business Review 2023-2024 page 75" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=75"> Image by AP911_Studio / copyright Shutterstock </a> <a title="Bermuda Business Review 2023-2024 page 76" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=76"> ECONOMIC DIVERSIFICATION BERMUDA’S INNOVATIVE IM</a> <a title="Bermuda Business Review 2023-2024 page 77" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=77"> Work in Paradise WE MAKE IT POSSIBLE. Photo by K</a> <a title="Bermuda Business Review 2023-2024 page 78" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=78"> Image by gragory gomes / copyright Shutterstock </a> <a title="Bermuda Business Review 2023-2024 page 79" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=79"> ECONOMIC DIVERSIFICATION VERTICAL FARMS FOR FUTU</a> <a title="Bermuda Business Review 2023-2024 page 80" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=80"> Bermuda arrowroot. Image by Sutana4 / copyright S</a> <a title="Bermuda Business Review 2023-2024 page 81" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=81"> produce from US ports such as fruits, vegetables,</a> <a title="Bermuda Business Review 2023-2024 page 82" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=82"> DIGITAL Image by Khakimullin Aleksandr / copyr</a> <a title="Bermuda Business Review 2023-2024 page 83" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=83"> digital asset exchanges, custodial wallet service</a> <a title="Bermuda Business Review 2023-2024 page 84" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=84"> Image by RODWORKS / copyright Shutterstock </a> <a title="Bermuda Business Review 2023-2024 page 85" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=85"> DIGITAL DEVELOPMENTS IN THE LAW ON DIGITAL ASSET</a> <a title="Bermuda Business Review 2023-2024 page 86" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=86"> 2) How will courts approach cross border iss</a> <a title="Bermuda Business Review 2023-2024 page 87" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=87"> serious issue to be tried in this regard and gave</a> <a title="Bermuda Business Review 2023-2024 page 88" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=88"> </a> <a title="Bermuda Business Review 2023-2024 page 89" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=89"> TRUSTS Image courtesy Bermuda Tourism Author</a> <a title="Bermuda Business Review 2023-2024 page 90" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=90"> Image by Lightspring / copyright Shutterstock wi</a> <a title="Bermuda Business Review 2023-2024 page 91" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=91"> Crimes Enforcement Network (FinCEN) for certain e</a> <a title="Bermuda Business Review 2023-2024 page 92" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=92"> WEALTH MANAGEMENT </a> <a title="Bermuda Business Review 2023-2024 page 93" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=93"> WEALTH MANAGEMENT FAMILY WEALTH MANAGEMENT WITH</a> <a title="Bermuda Business Review 2023-2024 page 94" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=94"> Image by Blue Planet Studio / copyright Shutterst</a> <a title="Bermuda Business Review 2023-2024 page 95" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=95"> FUNDS & ASSET MANAGEMENT Ima</a> <a title="Bermuda Business Review 2023-2024 page 96" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=96"> provides a high degree of certainty and predictab</a> <a title="Bermuda Business Review 2023-2024 page 97" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=97"> better over the long term. Companies with strong </a> <a title="Bermuda Business Review 2023-2024 page 98" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=98"> CORPORATE SERVICES FOSTERING A SPIRIT OF GOOD CO</a> <a title="Bermuda Business Review 2023-2024 page 99" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=99"> Image by NESPIX / copyright Shutterstock appropr</a> <a title="Bermuda Business Review 2023-2024 page 100" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=100"> LEGAL SERVICES HOW LEGAL SERVICE PROVIDERS CONTR</a> <a title="Bermuda Business Review 2023-2024 page 101" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=101"> Image by Shutter z / copyright Shutterstock in r</a> <a title="Bermuda Business Review 2023-2024 page 102" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=102"> Image by Kryshtofor Volodymyr / copyright Shutter</a> <a title="Bermuda Business Review 2023-2024 page 103" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=103"> TRAINING & EDUCATION EDUCATION AS AN EQUALISER B</a> <a title="Bermuda Business Review 2023-2024 page 104" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=104"> Image by Rawpixel.com / copyright Shutterstock </a> <a title="Bermuda Business Review 2023-2024 page 105" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=105"> Also, in continuing support for the international</a> <a title="Bermuda Business Review 2023-2024 page 106" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=106"> BERMUDA EXPERTISE AN INNOVATIVE ENTREPRENEURIAL </a> <a title="Bermuda Business Review 2023-2024 page 107" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=107"> Image by GaudiLab / copyright Shutterstock betwe</a> <a title="Bermuda Business Review 2023-2024 page 108" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=108"> Image courtesy Bermuda Tourism Authority (BTA) </a> <a title="Bermuda Business Review 2023-2024 page 109" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=109"> BEDC’s Enterprise Bermuda Accelerator (EBA) suppo</a> <a title="Bermuda Business Review 2023-2024 page 110" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=110"> MARITIME SERVICES A HARMONISED MARITIME STRATEGY</a> <a title="Bermuda Business Review 2023-2024 page 111" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=111"> framework mandated by new IMO regulations which i</a> <a title="Bermuda Business Review 2023-2024 page 112" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=112"> </a> <a title="Bermuda Business Review 2023-2024 page 113" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=113"> TOURISM & HOSPITALITY WHERE PARADISE MEETS PURPO</a> <a title="Bermuda Business Review 2023-2024 page 114" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=114"> Image courtesy Bermuda Tourism Authority (BTA) </a> <a title="Bermuda Business Review 2023-2024 page 115" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=115"> of Cambridge Beaches, a cherished establishment t</a> <a title="Bermuda Business Review 2023-2024 page 116" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=116"> Image courtesy Bermuda Tourism Authority (BTA) </a> <a title="Bermuda Business Review 2023-2024 page 117" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=117"> FOCUS FOCUS: PORT ROYAL GOLF COURSE BY KIM SWAN J</a> <a title="Bermuda Business Review 2023-2024 page 118" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=118"> The course also serves as a great vantage point f</a> <a title="Bermuda Business Review 2023-2024 page 119" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=119"> P.O. Box SN 201 Southampton SN BX Bermuda. Tele</a> <a title="Bermuda Business Review 2023-2024 page 120" href="https://secure.viewer.zmags.com/publication/fd0291b9?page=120"> </a>