High-level Bermuda Business and Government Delegation to Visit Toronto

The Bermuda Stock Exchange and leading Bermuda-based financial services executives and government officials to expand relationships with Canadian businesses

TORONTO--(BUSINESS WIRE)--On October 4, a high-level delegation from Bermuda, including the Bermuda Ministry of Business Development and Tourism, the Bermuda Stock Exchange and financial services executives representing Business Bermuda member companies will host an afternoon series of panel session to discuss recent developments in Bermuda, which present opportunities for Canadian companies.

“Bermuda and Canada have strong economic links that have fueled growth and prosperity for both countries”

This is the fourth consecutive year that Business Bermuda and the BSX – together with host law firm Bennett Jones LLP – have orchestrated this business development initiative, one that serves to further build on the already strong ties between the two jurisdictions.

“It is always a pleasure to visit Toronto in the Fall and to re-connect with the business community there. The strong ties between Bermuda and Canada, in terms of trade, business generation and academia, continue to grow, and the BSX is proud to be part of this annual project” says Greg Wojciechowski, CEO of the BSX.

“Bermuda and Canada have strong economic links that have fueled growth and prosperity for both countries,” said Cheryl Packwood, CEO of Business Bermuda. “We are very pleased to return to Toronto and look forwarding to continuing the dialogue and discussion with Canadian business leaders that have led to innovation and excellence and fostered so many new business opportunities.”

Ross Webber, Permanent Secretary, Ministry for Business Development and Tourism, will open the session with comments on the new Bermuda tourism campaign. He will be followed by keynote speaker Kevan Cowan, President TSX Markets Group and Group Head of Equities, TMX Group, who will talk about the opportunities created by the recent strategic investment by the TSX in the BSX, and provide his observations on the M&A trends in stock exchanges globally. Mr. Wojciechowski and Ms. Packwood will both be present at the event and participate in the sessions.

The afternoon will feature two panel sessions including a discussion of the benefits for Canadian companies of doing business in Bermuda, specifically the coming into force of the TIEA between Bermuda and Canada, and the implications of Canada’s Ministry of Finance's recognition of the BSX. This panel will include Brendan Caldwell, CEO, Caldwell Securities, William Woods, CEO, W.Woods & Co and Steve Woodward, Partner, KPMG LLP.

The second panel will focus on the insurance industry, discussing captives, re-insurance and insurance-linked securities. Participants on this panel include Thomas McMahon, President, Cedar Management and Jason Crane, Partner, KPMG LLP.

There is no fee to attend this session, but pre-registration is essential. To register, please email Janet Keefe, [e-mail] or call 416.849.1925.

About Business Bermuda

Business Bermuda is a business organization of Bermuda resident service providers that provide quality banking, legal, accounting, re/insurance, financial, trust, management and e-commerce services and products to the international client. The organization works with the private sector and government to develop and promote the Island as one of the world’s foremost centers for international business. For more information visit www.businessbermuda.org

About the Bermuda Stock Exchange

Established in 1971 the Bermuda Stock Exchange (BSX) is now the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and Insurance Linked Securities. In December 2011, the TMX Group Inc. (TMX Group) and acquired a 16% minority stake in the BSX, making TMX Group one of the largest shareholders of the BSX.

The BSX, recognised by the US SEC as a Designated Offshore Securities Market, is a member of the World Federation of Exchanges and is located in an O.E.C.D. member nation. The BSX has Approved Stock Exchange status under Australia’s Foreign Investment Fund (FIF) taxation rules; Designated Investment Exchange status by the UK’s Financial Services Authority; Recognised Stock Exchange by the UK HM Revenue and Customs; Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.