Bermuda International Long Term Insurers and Reinsurers has unveiled two new members and strengthened its board, as it prepares for another year of growth for the sector it represents.
The life sector has moved swiftly from being a new ‘nice-to-have’ in the Bermuda marketplace, to the Island’s latest big success story, said a panel at the Bermuda Risk Summit discussed.
Bermuda’s life sector received the greatest accolade during the Bermuda Risk Summit: that it is a new pillar of the Island’s economy. One year on from her previous interview with Bermuda:Re+ILS, Sylvia Oliveira, chair of BILTIR, brought us up to date.
Born at the height of the pandemic, Vantage Risk saw the enforced new ways of working, not as an inconvenience, but as an opportunity.
Russia’s invasion of Ukraine has changed the landscape when it comes to cyber threats. A panel of experts at the Bermuda Risk Summit examined the implications of this for the world of risk transfer.
From weather to debt, there are deep protection gaps to fill. But these also represent some fantastic opportunities for the industry to remain relevant and grow, the Bermuda Risk Summit heard.
The much-debated protection gap is clearly a big opportunity for the industry—but discussions about the nature of this opportunity need to extend to cyber risk and intellectual property, according to Paul Scope of Ed Broking (Bermuda).
Some risks are clearly very difficult for the industry to insure alone, but solutions can be found through public-private partnerships, experts argued at the Bermuda Risk Summit.
ESG factors are high up the industry’s agenda, but they can also be hard to define, measure and prioritise. A new benchmarking report may just help carriers do all those things, a Bermuda Risk Summit panel heard.
Ahead of the Bermuda Business Development Agency’s inaugural Climate Risk Summit, the agency’s CEO and chairman explain why the Island is the obvious domicile of choice for climate risk finance.