Bermuda news

Miller, the independent specialist re/insurance broker has appointed Peter Stubbings, a renowned reinsurance and retrocession broking team leader as Chairman of Miller Bermuda, where he will support the continued growth of the firm’s reinsurance and retro offering across the Bermuda market.

Beazley, a large specialist insurer, has appointed Stefan Wunderlich as Head of Alternative Risk Transfer (ART), where he will take on this new responsibility alongside his existing role as Head of Parametric and will relocate to Bermuda, subject to immigration approval.

Listings of catastrophe bonds and other insurance-linked securities (ILS) soared in the first-quarter of 2026 for the Bermuda Stock Exchange (BSX) and it further grew its market share, as total cat bond and ILS listings on the BSX reached over $68.5 billion.

As the insurance-linked securities (ILS) market persistently acts as a moderating force, helping to create a more managed reinsurance cycle, PwC expects deeper integration and greater alignment of interests between alternative capital and rated balance sheets, according to Arthur Wightman, Territory Leader of PwC Bermuda.

As legacy and run-off reinsurance specialist, Enstar increasingly provides solutions for the insurance-linked securities (ILS) market, we spoke with Dan Sanford, Managing Director, M&A, at the company’s office in Bermuda, about the role of ILS in the legacy space.

The insurance-linked securities (ILS) market is in a strong position with record levels of catastrophe bond issuance and growing interest in private ILS and casualty risks, while transparency and price efficiency remain key to attracting investors old and new, according to industry experts.

Coming off a remarkable 2025, which saw the registration of new collateralized insurer class of companies in Bermuda climb to its highest level ever, early indicators for Q1 2026 suggest a continuation of this growth trend with seven new special purpose insurers (SPIs) and two new collateralized insurers having registered in Bermuda during the opening […]

We’ve learned that US primary insurance giant State Farm has registered a new company structure in Bermuda under the Merna Re naming convention that has applied to all of its catastrophe bonds, suggesting the insurer may be set to return to the capital markets for more reinsurance.

The reinsurance sidecar market witnessed rapid growth throughout 2025, particularly in Bermuda, where a number of major re/insurers launched casualty reinsurance sidecars during the year, which demonstrates how investors have a growing interest in longer-duration casualty risk exposure that offers high yields and diversification from property catastrophe risk, says Fitch Ratings.

AXIS Capital continues to leverage alternative capital and partner with insurance-linked securities (ILS) investors, with these activities generating attractive fee income in 2025. While a new structure established for 2026 shows that its casualty sidecar Monarch Point Re remains a core focus for the company.