Filed Under:Claims, Litigation

Bermuda Snapshot: Island Battered by Cat Losses But Remains ‘Very Viable’

The Bermuda reinsurance market has taken a beating after this year’s string of catastrophes.

“The Bermuda market is predominantly a catastrophe-driven model—and you would expect that when there are catastrophes, it’s Bermuda that will take a big chunk of that,” says Julia Mather, head of advisory-service Miller Bermuda.


On the legislative front, the National Association of Insurance Commissioners’ model law has approved the reduction of collateral requirements—a positive for any insurer that operates offshore.

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