Blue Chip Bermuda Welcomes Green Investment

In 2019, the "underwriting nature" initiative led by Swiss Re culminated in the first ever coral reef insurance policy.

The unique policy was facilitated by charity The Nature Conservancy, the Mexican government and partners covering an area of Mexican coastline that is considered vital to the health of the local environment and the closely connected tourism economy.

The coverage was triggered in 2020 by Hurricane Delta, and put in motion a widespread and well-prepared response team who repaired damage to the insured coral reef system, including transplanting 9,000 broken coral fragments and stabilising 1,200 large coral colonies.

Investors are increasingly looking to deploy capital in projects that mitigate climate risks; the coral reef risk transfer in Mexico is a good example of this.