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ARTICLE · 16 OCTOBER 2019

Introduction Of The New Collateralised Insurer Class

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The Bermuda insurance market continues to set the standard for the global industry.

BermudaInsurance
Brad Adderley
Brad Adderley
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Members of the ILS Bermuda Market Intelligence workstream hosted a roundtable to discuss the Bermuda Monetary Authority's introduction of the new Collateralised Insurer class.

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Andy Burrows, CEO, Bermuda Business Development Agency

Bermuda Business Development Agency (BDA) CEO Andy Burrows welcomed panelists and applauded the work of ILS Bermuda in its efforts to support the promotion of the jurisdiction and its world-leading (re)insurance market.

He said: -The BDA has enjoyed a fruitful partnership with the ILS Bermuda team for many years, and we're delighted to be able to host you here today. The Bermuda insurance market continues to set the standard for the global industry. The recent amendments to Bermuda's Insurance Act, which introduce two new classes of insurer and a new category of insurance intermediary, have been made with a view to facilitating innovation and growth.

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