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ARTICLE · 19 MAY 2020

Bermuda Re/Insurance Update: Agility And Innovation At The Forefront

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Bermuda's re/insurance industry has displayed remarkable agility while adapting in response to the COVID-19 pandemic. Leading insurers and reinsurers remain open for business, and continue to...

BermudaInsurance
Timothy Faries
Timothy Faries
Cameron Adderley
Cameron Adderley
Brad Adderley
Brad Adderley
Alan Bossin
Alan Bossin
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Bermuda's re/insurance industry has displayed remarkable agility while adapting in response to the COVID-19 pandemic. Leading insurers and reinsurers remain open for business, and continue to meet global clients' needs. Resilience in the face of disruption is not a surprise – Bermuda's re/insurance industry has a proven track record of managing risk and successfully navigating critical moments during natural and man-made disasters.

Bermuda's re/insurance industry's resilience in light of COVID-19 rests on the backdrop of recent developments solidifying the jurisdiction's position as a world leading re/insurance hub. In late 2019, the National Association of Insurance Commissioners endorsed Bermuda with its hard earned Reciprocal Jurisdiction Status. This distinction, giving Bermuda's global re/insurance market a competitive edge against other international markets, was highly celebrated. Earlier this year, Bermuda was recognised by the Caribbean Financial Action Task

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