Bermuda: The world’s risk capital
Bermuda is one of the world’s most important insurance and reinsurance hubs.
Well-regulated, experienced and capital efficient, the jurisdiction is at the forefront of providing innovative solutions to increasingly complex risks.
in total assets held by 1200 (re)insurers, writing gross premiums of approx $150 billion
of risk management experience with an internationally-respected regulator
Full equivalence with EU Solvency II Regime enables level playing field access
Bermuda is on par with U.S. market as a NAIC Reciprocal & Qualified jurisdiction
A track record of creating original solutions including the world’s first captive model
Bermuda is one of the largest (re)insurance hubs in the world, known for providing substantial capacity and innovative products. The market is comprised of over 1,200 (re)insurers holding total assets in excess of $800 billion and writing gross premium of approximately $150 billion (as of 2019).
Bermuda is home to a broad range of industries utilising captives as a key risk management tool. Having formed the first modern captive in 1962, Bermuda remains the leading jurisdiction with a total of 715 captives writing gross premiums of approximately $40 billion and steers the market forward.
Bermuda's long-term (re)insurance market is a growing sector that continues to experience a surge in capital flows and registrations. Underscoring the island's risk expertise, Bermuda-based companies provide global coverage of life, annuity and pensions products and manage $300+ billion in assets.
Bermuda has always been at the forefront of innovation and insurtech is no different. The Bermuda Monetary Authority operates two innovation tracks, the Regulatory Sandbox and the Innovation Hub, targeted at insurtech companies to facilitate efficiencies from new technology while ensuring compliance.