Nothing better underscores the emerging role of Bermuda on the global insurance scene than last year's hurricane season with its record catastrophe losses.
The $15 billion in claims payments coming from the island represented nearly a third of the total, while 2004's $4.5 billion represented about a fifth of that same figure.
Today, Bermuda hosts 13 of the top 40 reinsurers in Standard & Poor's ranking, constituting nearly a third of the surplus.
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