New Beazley Bermuda platform sets $200m target

Beazley has unveiled plans to build a new insurance platform in Bermuda, targeting $200 million of captive and insurance-linked securities (ILS) premium by 2030 as part of a broader growth strategy. The London-market insurer intends to invest $500 million from 2026 onwards to build out the platform, pending regulatory approval, reflecting a long-term commitment to the domicile. Beyond captives and ILS, the Bermuda operation will also offer property reinsurance, specialty reinsurance, and other specialty insurance lines. Beazley expects the entire Bermuda platform to be writing around $400 million in total premium by 2030, with the captive/ILS segment core to that ambition. The company highlighted cap and board advantages of its existing experience with complex multinational risks, parametric and structured solutions, and strong cyber capability, positioning Bermuda as complementary to its global placement reach.

Source: Captive International

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