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ARTICLE · 20 SEPTEMBER 2026

A Refusal To Stand Still

Appleby
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Brad Adderley, Bermuda managing partner at Appleby, reflects on three decades of market evolution and explains why the island's reinsurance sector continues to expand through innovation in catastrophe bonds, casualty sidecars, life reinsurance, and digital assets. He warns that complacency poses the greatest threat to Bermuda's competitive position and argues that regulatory speed reflects expertise rather than weakness.

BermudaInsurance
Brad Adderley
Brad Adderley
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Anchored by regulatory credibility and an unmatched marketplace, Bermuda continues to widen its offering with capital adaptability and innovation, says Brad Adderley, of Appleby.

Having spent three decades helping establish companies in Bermuda, Brad Adderley, Bermuda managing partner at law firm Appleby, is understandably difficult to surprise.

He has watched successive waves of capital reshape the island’s re/insurance market. He was there as the market absorbed the influx of new reinsurers following 9/11. He witnessed the arrival of hedge fund-backed capital, the emergence of insurance-linked securities (ILS) and the transformation of catastrophe bonds from a niche product into a cornerstone of the global risk transfer market.

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