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ARTICLE · 11 APRIL 2022

Catch A Wave: Defining The Latest Startups

Appleby
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A hard market is the traditional trigger for new capacity and new startups on Bermuda, but that's where the comparison ends for the latest reinsurers to disembark at Hamilton.

BermudaInsurance
Brad Adderley
Brad Adderley
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A hard market is the traditional trigger for new capacity and new startups on Bermuda, but that's where the comparison ends for the latest reinsurers to disembark at Hamilton.

The Bermuda risk transfer market has been built on various classes of startup insurers and reinsurers forming on Bermuda in response to specific events and changes in market conditions.

In a panel discussion titled "A new class enters the fray", veterans and (relative) newcomers explained what's different this time. The webinar was hosted by Intelligent Insurer, a sister publication of Bermuda:Re+ILS.

Ready and able to offer their observations were Brad Adderley, office managing partner & head of corporate at Appleby (Bermuda); Adam Champion, EVP capital markets and reinsurance, at Ed Broking Capital Advisors; Prashanth Gangu, COO and president of insurance & services at SiriusPoint; Peter Horrobin, founder and CEO at Banyan Risk; and Peta White, president of Vantage Risk.

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