Bermuda Risk Review 2026 out now!

For an island of just 21 square miles, Bermuda has an extraordinary influence on the global insurance industry.

From helping communities recover after hurricanes and earthquakes to supporting businesses against cyber attacks, aviation and marine losses and other complex risks, Bermuda plays a central role in protecting people, companies and economies around the world. Yet for many people unfamiliar with the island, the sheer scale and diversity of its insurance market can come as a surprise.

Bermuda Risk Review 2026 explores the core risk pillars that underpin Bermuda’s re/insurance market to tell the story of how that market has developed, where it stands today and the trends shaping its future.

Bermuda’s reputation was built on reinsurance, particularly its ability to respond quickly when global catastrophes created new demand for risk capacity. That expertise remains at the heart of the market today, but the island has evolved far beyond its foundations.

It is now home to the world’s largest insurance-linked securities market, a globally recognised captive insurance sector, a growing life and annuity reinsurance market, specialist insurers, managing general agents, legacy businesses and an increasingly active community of technology and innovation companies.

Each of these sectors has its own story to tell, but they also share a common characteristic. They continue to adapt to changing customer needs, new technologies and an increasingly interconnected world. Whether through the use of AI, the growth of cyber insurance, new forms of capital or evolving approaches to regulation, innovation is no longer confined to one corner of the industry; it is influencing every part of it.

What becomes clear throughout this edition is that Bermuda’s success is built on far more than insurers and reinsurers alone. The market is supported by a closely connected ecosystem of brokers, legal advisers, service providers, technology companies, industry associations and the trusted regulator, all working together to develop new solutions and respond to emerging challenges.

Bermuda attracts capital with ease, but its strengths lie in the depth of expertise, collaboration and innovation that has developed around it over more than six decades. Front Street naturally lends itself to an ecosystem powered by the interconnectivity of people; you do not need to explore the industry for long before being told that it is, at its heart, a people business.

That does not mean the market is without challenges. Several sectors are entering periods of contraction, changing investment patterns or increased competitive pressure. In many cases, however, these developments reflect a market that is maturing rather than standing still. As risks change, so too do the ways in which re/insurers and investors respond.

Alongside diving into data, this edition brings together insights from many of the organisations helping to shape Bermuda’s future, including industry associations, market participants and government representatives. Their perspectives add valuable context to the numbers, helping explain not only what is changing, but why those changes matter.

Bermuda’s success is owed to its refusal to stand still. It has consistently recognised new risks, developed new solutions and adapted to meet the needs of a changing world. This spirit of innovation and evolution remains one of the market’s defining strengths, and one of the reasons Bermuda continues to play such an important role in the global re/insurance industry today.

To read the full issue of Bermuda Risk Review 2026, click here. 

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