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ARTICLE · 12 OCTOBER 2021

Changing Attitudes

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Bermuda:Re+ILS speaks to Brad Adderley, partner at Appleby, about how Bermuda will maintain its position as a jurisdiction of choice for re/insurance in a post-COVID-19 world.

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Brad Adderley
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First Published in Bermuda:Re+ILS, September 2021.

Bermuda:Re+ILS speaks to Brad Adderley, partner at Appleby, about how Bermuda will maintain its position as a jurisdiction of choice for re/insurance in a post-COVID-19 world.

"We have to have a jurisdiction where people want to move to the Island, work and spend money here." Brad Adderley, Appleby

"I'm not pretending there will be numerous new large startups globally this year, but in the last couple of years when you look at the market, all of the new significant entrants have been formed in Bermuda," says Brad Adderley, partner at Appleby.

Catastrophe bonds, sidecars, startups, commercial re/insurers and life re/insurers are all being established on the Island, he notes, with 67 new re/insurers registered in Bermuda in 2020.

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