Discussion to Offer a Guide to Bermuda’s Popular Insurance Market

Thursday, September 22, 2011

PHILADELPHIA (Sept. 22, 2011) - An upcoming discussion, hosted by Saint Joseph’s University’s Haub School of Business, will benefit local risk management and insurance professionals interested in doing business in Bermuda. Known as ‘The World’s Risk Capital’ among those in industry, Bermuda has seen a 30 percent uptick in insurance company registrations this year alone.

Jeremy Cox, CEO of the Bermuda Monetary Authority, will speak at Saint Joseph’s on Oct. 7. The event will be held from 8 a.m. – 12:15 p.m. on campus in Mandeville Hall’s Wolfington Teletorium, 54th Street and City Avenue in Philadelphia. Among topics for discussion include Bermuda's history on the global stage, its unique regulatory framework, and imminent challenges and business opportunities. This event is free and open to the public.

“Bermuda’s regulatory system is distinguished by a high degree of cooperation between insurance companies and regulators. As a result, Bermuda has become the jurisdiction of choice for many reinsurers,” explains David Benglian, executive director of the Academy of Risk Management and Insurance at Saint Joseph’s. “We’re very fortunate to have Cox on campus to speak with local insurance executives as well as our students on the potential opportunities in Bermuda.”

“Doing Business in Bermuda: Featuring Jeremy Cox” is also sponsored by Grant Thornton, ACE, Endurance Specialty Holdings, Marsh & McLennan Companies, Stradley Ronan, Philadelphia Insurance Companies, and support from the Insurance Department of the Commonwealth of Pennsylvania.

Established just three years ago within the Haub School, the Risk Management and Insurance program has achieved rapid growth. U.S. News & World Report’s “America’s Best Colleges” 2011 and 2012 editions ranked Saint Joseph’s University’s Risk Management and Insurance program among the top undergraduate business specialties. The rankings place Saint Joseph’s at No. 11 in its category both years.

For more information, or to register, visit www.sju.edu/hsb/BMA2011

Media Contact

Carolyn Steigleman, Director of Communications for the Haub School of Business, 610-660-1355, csteigle@sju.edu

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