$6B Capital Infusion For Bermuda Insurers

Insurer catastrophe losses exceeding $8.4 billion haven’t stopped investors from putting nearly $6 billion of new capital into 14 existing Bermuda companies, according to a new report from Moody’s Investors Service.

The report released yesterday, titled “Bermuda P-C Companies Recapitalize Following Heavy Catastrophe Losses,” also lists seven new start-up companies that are being organized, adding more than $5 billion in new capacity.