Skip to content
Climate Risk

Bermuda: World's Climate Risk Capital

 

For decades, Bermuda's unique re/insurance market has played a lead role in protecting the world against the devastating impact of catastrophic events. Time and again, the market has delivered to consumers whose lives have been upended. Follow how Bermuda is now becoming the World's Climate Risk Capital.

Supporting Consumers in Times of Catastrophe

When disaster strikes, the public face of recovery is often insurance companies. Backing up these companies are reinsurers.

Bermuda Internships

In 2022, ABIR member companies employed 91 interns demonstrating their commitment to investing in the training and development of a vibrant, local workforce in Bermuda.

Diversity, Equity and Inclusion

We believe promoting and supporting inclusiveness and embracing diversity is a business imperative, good for our industry and helps to make better businesses and better places to work. ABIR strongly supports and encourages diversity and inclusion at all levels of the insurance industry.

About ABIR

With headquarters and operations in Bermuda and with operating subsidiaries in the United States and Europe, ABIR members protect consumers in more than 150 countries around the world.

Supporting Consumers in Times of Catastrophe

The Association of Bermuda Insurers and Reinsurers (ABIR) represents the public policy interests of international insurers and reinsurers that protect consumers around the world.

Learn More

ABIR member companies welcome record number of 91 summer interns

To add value to the work experience gained with the island’s leading international re/insurance companies, ABIR is facilitating an Intern Working Group to give the young Bermudians opportunities to network, interact and learn skills that will help them to navigate their way into the industry.

CLICK HERE

Bermuda can lead the world on climate risk, say CEOs

Bermuda can lead the world in tackling the challenges of climate risk, a leading insurance executive told a sold-out audience at the inaugural Bermuda Climate Summit yesterday.

CLICK HERE

Insurers, Regulators Push Back On Changes In S&P Rating Criteria

“Disruptive” and an “overuse of market power” is how the Association of Bermuda Insurers and Reinsurers (ABIR) described the measure in an 18-page letter to S&P, which has requested comments by April 29 on its proposed methodology and assumptions for analyzing the risk-based capital adequacy of insurers and reinsurers.

CLICK HERE

ABIR’s Huff: S&P’s new capital methodology proposal misuse of market power

As the consultation period for S&P Global Ratings’ new insurer risk-based capital adequacy model draws to a close, John Huff, president and CEO of the Association of Bermuda Insurers and Reinsurers (ABIR), has warned the proposals diverge from the requirements of different regulatory regimes.

CLICK HERE

Bermuda Re/Insurers Oppose S&P Ratings’ Proposed Debt Treatment

The Association of Bermuda Insurers and Reinsurers (ABIR) is strongly opposing a proposal by Standard & Poor’s Global Ratings to disallow senior debt as a form of available capital, calling the draft plan “disruptive” and an “overuse of market power.”

CLICK HERE

ABIR Bermuda's International Re/Insurance Market Reception

ABIR Chair & Arch Capital Group Ltd CEO Marc Grandisson, ABIR Officers & ABIR Board members along with Special Invited Guests at ABIR Reception during the 2022 Bermuda Risk Summit

Gallery

BDA to bring together industry leaders for March Bermuda Risk Summit

Article

The Bermuda Business Development Agency (BDA) is preparing to host its inaugural Bermuda Risk Summit in March, which it says aims to cement the island’s position as the world’s risk capital and build momentum around its goals for climate risk finance.

Register

ABIR, Bermuda College, St. John’s University partner to offer open-to-all insurance course for second year

Diversity, equity and inclusion at heart of effort to attract next generation of industry leaders

The Association of Bermuda Insurers and Reinsurers (ABIR) today announced that the popular foundational insurance course offered earlier this year in partnership with Bermuda College and New York’s St. John’s University, will be offered for a second year in the Spring of 2022.

CLICK HERE TO REGISTER

Bermuda's Leading Insurers & Reinsurers for 2022

ABIR’s members employ more than 106,000 people around the globe including over:

  • 43,500 employees in the US;
  • 31,000 in Asia and Oceania;
  • 11,300 employees in the UK;
  • 8,700 in Europe; and
  • Nearly 1,500 employees in Bermuda.
Learn More
Photo_27OCT21

Bermuda international companies fund the purchase of COVID-19 lateral flow test devices for public school students

Bermuda’s international business community has joined forces to contribute approximately $281,000 towards the cost of antigen lateral flow COVID-19 test devices for public school students.

Learn More

Quick FAQ

Bermuda’s reinsurers provided 35% of terrorism reinsurance capacity to UK’s Pool Re in 2020.