Challenges and new choices: Catalysts for change in the Bermuda reinsurance market

Bermuda considers itself to be ‘the world's risk capital' and its reinsurance market has always been renowned for its innovation, always developing new and smarter risk management products. With the traditional reinsurance model under pressure from third-party capital and an ongoing soft market, the need for innovation has never been greater.

To take the temperature of the current Bermuda reinsurance market, Xuber contacted some of the most senior players in the industry. Speaking only to executive level professionals, we canvassed the opinions of industry veterans on the impact of alternative capital from insurance-linked securities (ILS) such as catastrophe bonds, how ILS investors might react in the face of major capital-draining catastrophes, regulatory challenges, the current business environment, mergers and acquisitions, and business priorities for 2015.