ILS Convergence 2025: Bermuda buzzes with innovation and opportunity

The Hamilton Princess & Beach Club will today (October 13) come alive with conversations, connections, and high-impact insight, as leaders from alternative reinsurance, convergence finance, and insurance-linked securities unite for ILS Convergence.

At Bermuda:Re+ILS, we see ILS Convergence as far more than a conference. It is the stage where the direction of ILS – and its role in global risk capital – takes shape. Each year, this forum draws senior investors, seasoned practitioners, regulators and innovators into a setting designed for both rigorous debate and innovation.

Discussion on the health of the catastrophe bond market, the gradual expansion of ILS into non-catastrophe lines, and the potential for more hybrid structures that blur the lines between traditional reinsurance and capital markets will unfold over the coming days.

It is no coincidence that ILS Convergence remains tethered to Bermuda. The jurisdiction has long stood as the world’s choice domicile for ILS activity, thanks to a strong regulatory foundation, legal infrastructure, deep capital markets support and a concentration of underwriting and structuring talent.

Here, innovation meets experience. For attendees, being on island offers both a symbolic and practical proximity to many of the vehicles, sponsors, and expertise driving tomorrow’s market. And for Bermuda, the event reinforces its standing as the beating heart of ILS thinking and deal flow.

As we enter ILS Convergence 2025, the market finds itself balancing opportunity with complexity. Yields remain under pressure, risk modelling must evolve faster than ever, and capital is cautious – but ready. The question now is: how do we harness innovation to sustain ILS’s growth in a world of intensifying climate stress, ever-shifting regulation and evolving investor criteria?

The agenda for ILS Convergence 2025 reflects the complexity of today’s risk landscape and the market’s determination to stay ahead of it. Sessions such as “Forecasting the Unpredictable: Innovations in Hurricane Modeling” and “Hurricane Season 2025 in Context” will highlight how science and data are reshaping catastrophe risk understanding amid rising climate volatility.

The discussions will extend beyond wind and flood to emerging and evolving exposures—“Cyber: A ‘Peak’ Peril Ahead?” and “Beyond the Usual Suspects: Expanding the Risk Landscape”—underscoring how investor appetite is broadening as traditional perils evolve.

Meanwhile, conversations on “The Future Cost of Risk?” and “Evolving ILS in 2025 – Innovation, Regulation & Global Relevance” will probe how market forces, regulation and capital efficiency intersect. This and much more will be heard in the coming days.

To our readers who are attending: come ready to engage, challenge assumptions, and forge new alliances. To those who couldn’t make it: watch this space – Bermuda:Re+ILS will bring you commentary and colour from Bermuda’s “think tank by the sea.”

Welcome to ILS Convergence 2025. May the conversations here echo through the year ahead.

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