Bermuda’s long-respected risk industry comprises leading insurance and reinsurance companies, captive insurers, and alternative reinsurance vehicles in converging capital and risk markets. Our captive insurance industry is the global leader, with more than 800 companies self-insuring Fortune 500 companies and generating over $20 billion in annual gross written premiums. Home to 15 of the top 40 reinsurers, Bermuda is one of the three biggest reinsurance centres, with New York and London. Our market is also the largest centre for alternative capital vehicles—insurance-linked securities, catastrophe bonds, and other risk-transfer products. With numerous publicly-traded companies, Bermuda is the world’s single most important property and catastrophe market. Over the last decade, our insurers and reinsurers have contributed $35 billion to US catastrophe losses alone. They also provide more than a quarter of capacity for Lloyd’s of London. As the World’s Risk Capital, Bermuda supports global industry and commerce, and helps communities around the globe recover from crippling disasters.

USEFUL LINKS

Association of Bermuda Insurers and Reinsurers (ABIR)

ABIR represents the public-policy interests of Bermuda’s international insurers and reinsurers that have headquarters or underwriting operations on the island and do business in more than 150 countries.

Association of Bermuda International Companies (ABIC)

ABIC represents internationally-owned businesses that are physically located in Bermuda and conduct operations worldwide. It helps promote the island as a top-tier business domicile and also administers a major educational awards programme for local students pursuing tertiary education overseas.

Bermuda Business Development Agency (BDA)

BDA is an independent, public-private unit established to help empower the economy and enhance the island’s global reputation. The agency works closely with government, industry and regulators to attract and assist new companies, retain and create jobs, promote inward investment, and grow Bermuda’s GDP through targeted business development initiatives.

Bermuda Insurance Management Association (BIMA)

BIMA is an association of professional insurance managers and other captive service providers in Bermuda. It protects the interests of members and their clients—more than 1,200 insurance and reinsurance companies.

Bermuda Foundation For Insurance Studies (BFIS)

Founded in 1996 by insurance industry leaders, BFIS is a non-profit that provides scholarships, internships, mentoring and career guidance for students looking to enter the insurance industry.

BII

Bermuda Insurance Institute (BII)

A non-profit educational centre for training and development of risk professionals, offering courses and an invigilation centre for exams such as the CII, PLUS (RPLU), ITC and LOMA.

Bermuda International Long-Term Insurers and Reinsurers (BILTIR)

BILTIR represents Bermuda’s long-term insurers and reinsurers, advocating for the public-policy interests of the life and annuity industry.

Bermuda Monetary Authority (BMA)

The BMA regulates Bermuda’s financial services sector by supervising financial institutions, issuing national currency, managing exchange control and assisting authorities to detect and prevent financial crime.

Bermuda Stock Exchange (BSX)

The BSX is the world’s leading offshore, fully-electronic offshore securities exchange, offering a conduit for foreign direct investment and a robust market for the listing of investment fund, debt and insurance-related securities as well as small to medium-sized enterprise companies.