A hard market is the traditional trigger for new capacity and new startups on Bermuda, but that’s where the comparison ends for the latest reinsurers to disembark at Hamilton.
Bermuda has always developed the many pillars that support its economy through being proactive and innovative. Minister of Finance the Hon. Curtis Dickinson, JP, MP, explains where he sees innovation leading the Island next: towards climate risk finance.
Other jurisdictions are beginning to eye the ILS market as a potential growth driver for themselves, but the recently-appointed Horseshoe CEO thinks the Island is well placed to fend off the competition.
QBE Re has a renewed appetite for reinsurance business and plans to become a real force in the market—with Bermuda being at the heart of that strategy, Tracey Gibbons, head of office, QBE Re, tells Bermuda:Re+ILS.
Bermuda prides itself on its friendly approach to new business, and is attracting growing numbers of startups in insurtech and life re to add to its portfolio of re/insurance firms. Craig Redcliffe of EY Bermuda explains the many attractions of the Island.
Kathleen Reardon recently took the reins at Hiscox Re & ILS. In an exclusive interview with Bermuda:Re+ILS she reveals the logic behind the switch and how the Island can remain at the centre of the re/insurance world.
Increasing interest from dedicated ESG investors is encouraging some deal structurers to think of new and creative ways to make ILS even more appealing, Peter Dunlop of Walkers tells Bermuda:Re+ILS.
Ross Webber of Apex Group talks to Bermuda:Re+ILS about the ILS market, including how it has responded to the pandemic and how it is adapting amid growing interest in ESG investing.
Bermuda’s regulatory framework has evolved to support ILS growth and innovation potential. This will be invaluable in helping the Island adapt to life after COVID-19, whatever that looks like, say Sarah Demerling, head of market intelligence, and Anna Pereira, head of overseas market and promotion, at ILS Bermuda.
Despite high systemic market pressures, investors continue to be attracted by the features that have established ILS as a highly desirable asset class: its liquidity and low correlation to the broader financial markets, as Anna Pereira, head of overseas markets and promotion at ILS Bermuda, and director at MANA Consulting, explains.