Bermuda news

Acrisure Re, the reinsurance broking division of global firm Acrisure, has made some key hires in Bermuda, taking Roman Romeo, who joins the company as Head of Acrisure Re Bermuda, as well as Barry Gordon, a specialist in broking industry-loss warranty (ILW) instruments, from rival Aon.

Miami International Holdings, Inc. (MIH) has announced that it has launched a fully-integrated trading, clearing, settlement and depository technology platform for the Bermuda Stock Exchange (BSX), which is a wholly-owned subsidiary of MIH, in a move that marks a significant step in modernising the BSX’s market infrastructure.

In an interview with Artemis around the Bermuda Risk Summit 2025, Kier James, Chief Underwriting Officer (CUO) of MultiStrat, discussed how the company believes that the island will continue to maintain its dominance of the insurance-linked securities (ILS) market as it broadens beyond catastrophe-focused ILS into casualty and specialty lines of business.

AXIS Capital, the specialty insurance and reinsurance company, has registered a fourth collateralized insurer class of company in Bermuda to support further expansion of its Monarch Point Re casualty insurance-linked securities (ILS) platform in 2025.

Once again, Bermuda has shown its dominant position as a home to structures used for catastrophe bond and insurance-linked securities (ILS) arrangements in 2024, with companies set up for this purpose dominating registrations of new insurance and reinsurance entities in Bermuda last year.

The Bermuda Stock Exchange (BSX) has maintained its position as the leading exchange in the world for the listing of insurance-linked securities (ILS) instruments in 2024, with roughly 92% of outstanding catastrophe bond issuance finding a home there as of the end of the year.

Welcoming attendees to ILS Bermuda’s 2024 Convergence event today, Jo Stanton, Chair of ILS Bermuda and Head of Finance at insurance-linked securities (ILS) investment manager Tangency Capital explained that with hurricane Milton heading for Florida it highlights the importance of collaborations with science to drive the understanding of risk and innovation.

The life reinsurance industry in Bermuda has embraced the use of third-party capital structures and investor relationships, with sidecars now an established and growing feature of the market, Damian Cooper of PwC Bermuda explained in a recent video interview.

Hurricane Ernesto is approaching Bermuda at Category 2 strength with sustained winds of 100 mph and the large size of the tropical cyclone means the island is forecast to experience very strong winds, a storm surge and inches of rain as the third hurricane of the 2024 Atlantic tropical storm season bears down on the […]

Ernesto has now become the third hurricane of the 2024 Atlantic tropical storm season and is forecast to intensify to major Category 3 status, before weakening slightly and passing close to Bermuda as a Category 2 storm.