Bermuda re/insurers incurred US$1.1T claims costs (2016–2024)

The BMA tallied US$1.1 trillion of claims paid by Bermuda commercial (re)insurers from 2016–2024. The figure underscores Bermuda’s systemic role in absorbing catastrophe and specialty losses. For captives, it’s a credible datapoint when assessing counterparty strength and diversification of reinsurance panels. It also supports tail-risk calibration in capital and reinsurance-purchase models. The release strengthens Bermuda’s prudential narrative with regulators and boards. Source: Bermuda Monetary Authority #Actomate #Bermuda #Regulatory #MarketInsight #RiskManagement #RegulatoryChange #MarketDynamics