Bermuda’s flexible and innovative approach has ensured it remains at the forefront of risk transfer globally—but more could be done to educate its wider stakeholders about the good work it does, as Charles Cooper of AXA XL explains to Bermuda:Re+ILS.
Bermuda is the market-leading jurisdiction for ILS but it must stay abreast of development and changes in the market—prompting its regulator to explore some regulatory adjustments, as Peter Dunlop and Shannon Dyer from Walkers Bermuda explain.
Bermuda is known as the world’s risk capital for good reason, and it remains the dominant force in ILS globally, says Greg Wojciechowski, president and chief executive officer of the Bermuda Stock Exchange.
While the Bermuda economy continues to face challenges, it must also grasp the opportunities presented and leverage them amid the uncertainty, says Dennis Fagundo of the Bermuda Chamber of Commerce.
Since the first deals in 2013, the transfer of mortgage credit risk to the reinsurance market Freddie Mac’s Agency Credit Insurance Structure and Fannie Mae’s Credit Insurance Risk Transfer has grown rapidly. Wai Tang and David Mautone of AM Best report on recent developments.
The captives sector in Bermuda remains healthy and strong but it must ensure it continues to attract quality people, Kathleen Bibbings of the Bermuda Insurance Management Association tells Bermuda Finance.
The ILS market is entering an exciting new chapter defined by innovation, new risks and geographical diversity, but also more transparency and corporate governance, Andre Perez of Horseshoe Group, the largest ILS services provider in the world, tells Bermuda:Re+ILS.
Ed Broking announced in June 2019 that it was setting up its first office on Bermuda. Bermuda:Re+ILS talks to the new office’s CEO Chris Bonard about why the broker chose Bermuda and what it hopes to achieve next.
Bermuda has long been a major re/insurance hub. Is it punching above its weight, or is its position in the world a logical outcome given its location, talent and regulatory regime? And what does it need to do to retain this position? Bermuda:Re+ILS reports.
New opportunities and challenges are on the horizon as the ILS sector looks to help manage everything from cyber risk to cryptocurrency and intangible assets, says Peter Dunlop at Walkers Bermuda.