Bermuda Insurance Alert is a monthly digest of corporate changes, trends, results, brought to you and your team in an easily digestible format.
Bermuda holds a key position in the global insurance and reinsurance industry. Up until the 1980s the Bermuda market was almost entirely focused on captives and many new mechanisms were developed to expand their use. In the mid-1980s large U.S. corporations were finding it difficult to buy excess liability insurance. In response, new companies were formed to offer specialized coverages. After Hurricane Andrew hit in 1992, Bermuda received an influx of over $4bn in capital (in just 9 weeks) to form an additional seven property catastrophe reinsurers.
