The important role of Bermuda in the aftermath of potentially big losses stemming from hurricanes Harvey and Irma was at the centre of debate at the annual Bermuda:Re+ILS Monte Carlo roundtable sponsored by Markel Global Reinsurance and attended by 11 senior industry executives from all parts of the risk transfer industry on the Island.
Identifying future moves in the market for a place such as Bermuda is always an interesting process. Bermuda:Re+ILS eyes the current trends.
A lot happened quickly in the first half of 2017 including record issuance, but should that define the market for the quarters and years yet to come? Tom Johansmeyer of Verisk Insurance Solutions investigates.
London and Bermuda are both key hubs for the risk transfer markets globally. While they compete on some levels, they also have something of a symbiotic relationship in the way they share risk, expertise and information. Just how important is Bermuda to the London Market? Bermuda:Re+ILS looks for answers.
Solvency II equivalence has long been hailed as a massive feather in Bermuda’s cap giving it credibility on the international stage. But has it led to an increase in business on the ground? Colm Homan and Damian Cooper of PwC Bermuda spoke to Bermuda:Re+ILS.
XL Catlin is well positioned to make a big difference in tackling the protection gap globally. This would be good for the company but it is also the right thing to do, as Charles Cooper, chief executive of Reinsurance at XL Catlin, tells Bermuda:Re+ILS.
As the size of its economy grows, Russia is increasingly vulnerable to the devastating effects of a big catastrophe hitting the country. To manage these growing risks, the country’s governments and insurers should consider the many advantages of using insurance-linked securities, say Kirill Savrassov of Phoenix CRetro, Clive O’Connell of McCarthy Denning, and Rom Aviv of IBI ILS Partners.
Regulatory developments have taken place in very small steps thus far in 2017, and much remains uncertain, says Susan Molineux of AM Best.
The 35th America’s Cup was more just than a sailing race—it was a demonstration of national pride, of entrepreneurial zeal, of a can-do spirit that merges the expertise of history with the idealism of the future, and Bermuda will continue to build on that success, writes Ross Webber of the Bermuda Business Development Agency.
The 2017 hurricane season could be a defining moment for Bermuda. Greg Wojciechowski of the Bermuda Stock Exchange outlines why this Atlantic storm season may define Bermuda’s role in the world for years to come.