Bermuda’s “human capital” sets it apart as a captive jurisdiction, according to panellists at the 2018 Bermuda Captive Conference.
Speaking at the ‘Captive Owner Roundtable Discussion’, Scott Reynolds, president and CEO of Member Insurance emphasised the value of Bermuda’s captive workforce.
Reynolds said: “The attraction of Bermuda is not the beautiful scenery, it is the people and the infrastructure.”
“I think Bermuda is unlike any other jurisdiction it is blessed with tonnes of resources, I know that there is ongoing threats that come and go but I don’t see any major change in that.”
Dageria Morgan, treasury manager at Linamar Corporation, echoed Reynolds comments on the domicile.
Morgan said: “We came to the conference last year and were just blown away, so impressed by the human capital and the infrastructure.”
“We saw the domicile as a one-stop shop where we could get everything we needed.”
Another of the panellists, global director of risk and insurance at General Motors, Alan Gier added: “The capability of the island differentiates it, anything you need to do can be done here by highly capable people.”
“I’ve looked at other domiciles and I don’t see the infrastructure Bermuda provides.”