Bermuda Snapshot: Island Battered by Cat Losses But Remains ‘Very Viable’

Bermuda reinsurers have taken a beating, but have managed to come up with creative solutions to deal with a disaster-ridden 2011.

By Caroline McDonald | Updated on December 01, 2011

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.

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