The worst third-quarter of financial results since 2005 didn’t dampen the spirits of Bermuda insurance executives keenly focused on opportunities emerging in the wake of a worldwide financial crisis. At a time when bears were dominating Wall Street, some bulls emerged among the insurers born in Bermuda–especially in reinsurance camps, where executives speculated about a potential 2009 market turn during their earnings conference calls.

“I have not understood why the reinsurance market has not been better valued by the investment community,” said John Charman, chief executive officer of AXIS Capital. “The outlook for the market for the foreseeable future is more positive than I have seen for many many years.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.