Bermuda Ministry of Finance publishes conference remarks stressing captive insurance innovation alongside regulatory standards

The Bermuda Ministry of Finance published remarks by Minister of Economy and Labour Jason Hayward at the 2026 Bermuda Captive Conference, where he restated Bermuda’s position that growth in the captive insurance market should be supported by both innovation and internationally recognised regulatory standards. In the speech, he presented captives as an increasingly important tool for businesses managing economic volatility, cyber threats, climate-related risks and geopolitical pressures, and said Bermuda is well placed to support the sector’s continued evolution. Hayward said Bermuda’s captive insurance sector has developed over more than six decades and remains one of the world’s leading captive domiciles, serving organisations across a wide range of industries and regions. He attributed that position to the jurisdiction’s regulatory framework, market infrastructure, professional services talent and collaboration among industry, regulators, government and international partners. He also described the Bermuda Captive Conference, established in 2004, as a platform for dialogue that has helped promote and expand the market.