FOR IMMEDIATE RELEASE
BDA Releases Special Bermuda:Re+ILS Edition
Showcasing Bermuda’s Class of 2020
Hamilton, Bermuda, April 7, 2021 — The Bermuda Business Development Agency (BDA) has
partnered with Newton Media to create a special edition of Bermuda:Re+ILS to commemorate
Bermuda’s Class of 2020 with the (re)insurance start-ups and new capital report.
The special report covers profiles of 13 notable companies that include Q&As with senior
executives from the Class of 2020 start-ups and the established companies that successfully
raised substantial capital. The report provides a snapshot into the thinking and strategy behind
the new companies, and industry-leading viewpoints on opportunities within the market.
“Bermuda has continued to welcome new companies, capital, and investors throughout 2020.
This is hugely significant given the context and the impact COVID-19 had on business decisions,”
said Roland Andy Burrows, CEO of the Bermuda Business Development Agency. “As this report
highlights, recent market conditions created compelling opportunities and Bermuda has once again been the jurisdiction of choice for new entrants and a surge of capital to established
players. Bermuda continues to be at the forefront of providing innovative solutions to solve
clients’ needs and, with the Class of 2020 set to extend into 2021, we remain bullish about
Bermuda’s future prospects.”
“The (re)insurance market will be key to addressing the unfolding world of uncertainties
brought on by the existential threats of the day, including future pandemics, increased
frequency and severity of natural disasters, growing cyber risk from the technological
necessities of the pandemic, and signs of social inflation as societies struggle with the issues of
equity and economic disparities,” said John Huff, President and CEO of the Association of
Bermuda Insurers and Reinsurers. “Bermuda has led the (re)insurance industry in developing a
scientific approach to catastrophe underwriting, innovating to better serve customers and
establishing highly regarded enterprise risk-management programmes. Ensuring insurance
products remain affordable and accessible for consumers in emerging and developed markets
solidifies Bermuda’s position as the World’s Risk Capital.”
See the press release HERE
