Captives Are The Grass Roots Of Bermuda Risk

During the same period, the Bermuda property and casualty market has demonstrated its importance and resilience to many catastrophe impacted areas of the globe, but substantively to wildfire-hit California this year where island-based reinsurers deployed nearly $10 billion in gross claims.

Appleby counts many of the major life re, ILS and P&C platforms in Bermuda as clients, and these provide substantive and interesting work.

However, there is another important sector of our healthy insurance and reinsurance market that keeps us busy: Bermuda captives.

Captives are intragroup risk management tools that underwrite risks related to their group — as opposed to third-party risks.