Bloomberg Businessweek Unpacking the Wealth in Bermuda
Mar 27, 2026
David Parker, Head of Business Development at the Bermuda Business Development Agency, promotes Bermuda as a hub for insurance, digital finance, and private wealth. He discusses the island’s regulatory sandbox for insurtech and digital assets. Short takes cover talent and housing strategies, tourism tied to investment, and coordinated regulator-government-private sector support for growth.
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Insurance Hub Powering Digital Finance
- Bermuda leverages its insurance strength to accelerate adjacent sectors like digital assets and private wealth.
- David Parker cites firms such as Realm and Names using digital assets integrated with Bermuda's insurance ecosystem to deepen that competitive position.
Grow Local Talent And Use Residency Incentives
- Develop local talent first and use targeted residency incentives to attract specialized international hires.
- Parker points to Bermuda's Economic Investment Residency Certificate that channels investor funds into real estate to support infrastructure for incoming talent.
Certainty Attracts Private Wealth
- Wealthy individuals prioritize certainty, security, and neutrality when allocating parts of their portfolios across jurisdictions.
- Parker explains many U.S. and global clients don't move everything to Bermuda but use it to diversify portions of assets for stability during volatility.