ARTICLE · 16 APRIL 2019

Insurance & Reinsurance 2019

Kennedys Law LLP

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Bermuda maintains its position as one of the world's leading centres for insurance and reinsurance. Almost all global (re)insurers and brokers have a Bermuda presence providing much needed capacity and services to corporate insureds, ceding insurers and self-insured entities.

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Bermuda maintains its position as one of the world's leading centres for insurance and reinsurance. Almost all global (re)insurers and brokers have a Bermuda presence providing much needed capacity and services to corporate insureds, ceding insurers and self-insured entities. Although, perhaps best known for its innovative "Bermuda Form" insurance policy, captive insurance and property catastrophe reinsurance (e.g. 60% of the hurricane reinsurance for Florida and Texas), the Bermuda market provides coverage across almost all lines of business and is a market leader in numerous risk classes including D&O insurance, employers' liability, punitive damages cover, crop insurance, medical liability, warranty and indemnity and cyber coverage.

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