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Bermuda remains a go-to hub as complex risks strain insurers
The piece traces Bermuda’s role to the 1940s, when large US companies created a new insurer after a capacity shortage threatened excess liability coverage.
Bermuda continues to attract risk managers as complex and emerging risks pressure traditional insurance capacity, according to Risk & Insurance.
The outlet says Bermuda offers risk managers access to capacity, specialized expertise, and flexible solutions as underwriting needs evolve.
Risk & Insurance also points to Bermuda’s roots in the US insurance market, citing that about 68 of America’s largest companies helped create a new insurance company roughly 40 years ago amid a severe capacity shortage.
The shortage, the article says, threatened excess liability coverage for Fortune 500 companies and raised fears of a broader disruption in US insurance markets.