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.

LEGISLATIVE UPDATE

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.

Featured Video

Most Recent Videos

Video Library ››

Top Story

What grade does your state get for its insurance regulations?

Eight states received an “A” grade, and one state received an “F.” Insurance is regulated almost entirely by the state level, and here's a report card on how the states are doing.

Top Story

3 tips for becoming a lead-generation master

A lead-generation master takes full advantage of all the possibilities for attracting prospects through their website, not just through their contact forms.

More Resources

Comments

eNewsletter Sign Up

Claims Connection eNewsletter

Breaking news on disasters, fraud, legal trends, technology, and CE initiatives for the P&C claim professional – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.