Welcome to the World Wide Web home of the Association of Bermuda Insurers and Reinsurers (ABIR).

Bermuda is referred to as the “world’s risk capital”, a reference to the innovation, entrepreneurialism and leadership of Bermuda insurers and the Bermuda government that has fostered the growth of this business.

More than 30 years ago, the country emerged as the leader in the development and regulation of captive insurers, but today it is the home to more than 30 major international insurance and reinsurance firms. This market has grown up in the last 20 years in response to market needs for greater world wide access to property and casualty insurance and reinsurance. These large carriers are regulated under a separate and distinct set of requirements with a regulatory framework designed to meet international regulatory standards and be commensurate with their size and market scope.

In Bermuda’s system of regulation, these carriers are all in the Class 4 category, the category that requires the highest capital and solvency regulation requirements. The Association of Bermuda Insurers and Reinsurers represents 22 of these international insurers and reinsurers. With headquarters and operations in Bermuda and with operating subsidiaries in the United States and Europe these carriers derive business income from over 100 countries around the world. The ABIR membership has more than 15,000 employees in the US, nearly 1,700 employees in Bermuda and nearly 34,000 employees around the world.

ABIR's mission is to represent the public policy interests of Bermuda’s Class 4 insurers and reinsurers around the world, giving special priority to regulatory action in Bermuda, Europe, US, and international regulatory forums; and to promote Bermuda’s Class 4 reinsurers as the best in the business in ceding insurer forums.

On these pages, you will find a wealth of information about ABIR's policies, the reinsurance industry, and association members. If you have any further questions, please feel free to contact us.


Bradley L. Kading
President and Executive Director
Association of Bermuda Insurers and Reinsurers