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Meeting draws 330


About 330 members of the captive insurance industry turned out last month for the second annual Bermuda Captive Conference at the Fairmont Southampton Hotel in Southampton, Bermuda.

The conference took place Sept. 17-20--just days after the island had a close brush with Hurricane Florence.

Among those who addressed participants were Bermuda Gov. Sir John Vereker as well as Bermuda Premier W. Alexander Scott.

Sir Nicholas Young, chief executive of the British Red Cross, delivered the keynote speech in which he described the relief organization's work in the aftermath of large catastrophes such as the Indian Ocean Tsunami in 2004 and Hurricane Katrina in 2005, and called for a partnership between aid agencies and the insurance industry in the future.

Panel discussions covered topics ranging from pandemic preparedness to fronting and tax issues for captives, and featured representatives from several of the island's captive management firms as well as captive owners, attorneys, regulators and risk management consultants.

Next year's conference will return to the Fairmont Southampton from Sept. 16-19, 2007. For more information, visit