Bermuda has evolved since its early beginnings in the late 1960s as a captive insurance centre to become one of the three largest insurance markets in the world, together with New York and London.

The growth of Bermuda’s commercial market was initiated by excess liability companies developed to respond to the mid-1980s U.S. liability capacity shortage. Property catastrophe reinsurers followed in the early 1990’s in the wake of Hurricane Andrew, bringing with them to Bermuda $4.5 billion of new capital. Many of these companies have since developed into multi-line reinsurers. The most recent influx of capital in 2001 resulted in seven new large reinsurers being incorporated.

Commercial insurance and reinsurance companies in Bermuda have a reputation for innovative and cutting-edge solutions to meet the constant challenges of the international insurance community. BF&M Insurance Brokers is available to assist you in understanding the complexities of the Bermuda insurance market and with the placement of your insurance risks.

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