The latest class of Bermuda startups may well be the last of its kind, some members of the Class of 2005 predicted recently, although dissatisfaction with the Bermuda domicile is not the reason, they say.

“One can speculate that new capital coming into the market would go to existing players in the form of sidecar vehicles,” said Gary Prestia, chief underwriting officer for North America at Flagstone Reinsurance.

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?

Dig Deeper



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 © 2022 ALM Global, LLC. All Rights Reserved.