Bermuda: Reinsurance

Bermuda's managing general agent market is evolving rapidly as capacity providers demand better governance, aligned incentives, and transparent oversight. With regulatory scrutiny intensifying and new capital structures emerging, the island's sophisticated infrastructure positions it uniquely to accommodate the next generation of MGA platforms that combine specialist underwriting expertise with dedicated capital vehicles.

Bermuda has emerged as the dominant global hub for life and annuity reinsurance, now holding over $900 billion in US life and annuity liabilities and accounting for 84% of all US reserves ceded offshore. This analysis examines how the island's sophisticated regulatory framework, purpose-built infrastructure, and commercially engaged regulator have created a structural advantage that extends beyond its traditional catastrophe reinsurance roots into long-dated life business from the US, UK, and Asia.

The catastrophe bond market has officially broken records in H1 2026, with the highest number of deals settling in the first six months of any year.

With the catastrophe bond market seeing eleven new sponsors enter the space so far this year, the trend highlights how involvement in the market has become...

A warm welcome to the Summer edition of Conyers Coverage. The whirlwind that is the Cayman Islands (re)insurance industry continues to blow with gusto!

Bermuda has seen tremendous growth in the life reinsurance and insurance-linked securities markets in recent years.

The change to the technical provisions that govern long-term insurers and reinsurers was first raised in a consultation paper issued by the BMA last July.

One way that the Bermuda Monetary Authority (BMA), as the island's financial regulator, addresses these uncertainties is by requiring insurers and reinsurers...

The special purpose insurer (SPI) vehicle, first introduced in 2008, has been well established as the ideal structure for cat-bond transactions. Focused on efficiency and trusting on the sophistication...