Bermuda – Leading the way
At the forefront of risk innovation for more than 70 years
A pre-eminent financial centre for insurance and reinsurance products and a leading jurisdiction in the international investment fund industry, Bermuda is recognised for its sophisticated and adaptable legislative and enhanced regulatory framework, highly qualified professionals, established infrastructure, tax efficiency and an international reputation as a world-class financial centre.
Excellence in Global Risk Management Solutions
As one of the world’s leading providers of property catastrophe reinsurance and home to many global reinsurers, Bermuda’s excellence in global risk management solutions continues to make the island a jurisdiction of choice for traditional insurance, alternative capital structures, ILS funds, collateralised reinsurance, sidecars and is the fastest growing domicile for cat bond issuance.
Exceptional Corporate and Regulatory Culture
Bermuda is also home to a corporate and regulatory culture that has fostered exceptional innovation in all aspects of risk transfer along with a business-friendly approach. Its industry-leading insurers and reinsurers stand ready to help the investor understand their market and the investment opportunities it provides. With US-Qualified Jurisdiction Status and full equivalency under Solvency II, Bermuda is the preferred domicile for ILS structuring, support and alternative reinsurance capital.
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BSX: 503 Listings $50.08 billion in market cap outstanding
(Q4, 2021)
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BSX has almost 95% of global market cap outstanding of ILS
(Q4, 2021)
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The total AuM of global ILS securities investment managers is
approx: $100 billion
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Bermuda Monetary Authority (BMA): new Collateralised Insurer (CI) and Limited Purpose Insurer (LPI) classes
Bermuda is home to:
Largest provider of catastrophe reinsurance to US insurers
Home of underwriting operations for more than 30 major international insurance and reinsurance firms
All of the top re/insurance brokers
The first and largest ILS investment managers
All of the 'Big 4' accounting firms
Bermuda is a preferred domicile of choice, ensuring:
Responsive and responsible regulation
Solvency II equivalence
Speed to market
Robust regulatory framework
Recognition for innovation in risk transfer
Video Library
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![Video Cover Image With Speakers - The Bermuda Angle: Bermuda – The World's Climate Risk Finance Capital]()
The Bermuda Angle: Bermuda – The World's Climate Risk Finance Capital
The Bermuda Business Development Agency (BDA) discuss how Bermuda is building on its strength in natural catastrophe reinsurance, its globally respected financial services regulatory regime, human capital, and established infrastructure, to become the jurisdiction of choice to help mitigate risks related to climate change.
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Artemis Interview
Artemis Interview: Paul Schultz, Aon Securities, April 2020
Talking catastrophe bonds, ILS & the Covid-19 pandemic
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![Video Cover Image With Speakers - Alternative Risk Transfer]()
Alternative Risk Transfer
How Bermuda's Regulation Keeps Pace with the Developing Risk Landscape.
Learning objectives: Find out why Bermuda’s insurance regulatory regime has aided the development of alternative risk transfer and how the development of Bermuda’s insurance legal and regulatory framework provides an attractive platform for ever-changing market conditions and the evolution of alternative sources of risk.
Industry Reports
ILS Fund Managers
Bermuda is the preferred jurisdiction in which to set up an ILS fund and many of the top 10 ILS fund managers have a physical presence on Island. Details of investment funds, catastrophe bond funds, hedge funds and fund managers who deal in insurance-linked securities, risk-linked securities and catastrophe bonds, can be found below:
