Spring 2021
Contents
Cover story: Interview with Jim Stanard
Lessons learned: Bermuda legend Stanard reflects on a remarkable career.
Florida market: Handle with care
Florida is a big deal for Bermuda’s reinsurers. But the market remains a difficult place to write profitable business, as a panel of experts discussed.
Renewals
COVID-19 and cat events in 2020 led to a divergence in the way reinsurers approached the 1/1 renewals: Willis Re Bermuda.
Survey: Renewals
Bermuda:Re+ILS asked readers to share their experiences of the expectations and the realities of the January renewals negotiations in 2021, after a year of COVID-19, social distancing, and talk about the hardening market.
The Class of 2020
Bermuda has seen a significant influx of new capital, much of it backing a group of new startups that is arguably the strongest collection of re/insurance formations for a generation.
London and Bermuda attract capital
Expectations of a hard market and a lack of other compelling opportunities have lured a lot of capital into the re/insurance industry in recent months, say AM Best’s Catherine Thomas and Carlos Wong-Fupuy.
W&H: how Bermuda can help
Bermuda is well placed to help its clients manage wage and hour claims: Colin Kelley of Ed Broking Bermuda.
The go-to domicile for run-off
Bermuda is again taking centre-stage as the jurisdiction of choice for such specialist entities. PwC Bermuda’s James Ferris examines why.
Cryptocurrency insurance
As insurtech startup Nayms gears up to graduate from Bermuda’s regulatory sandbox, Bermuda:Re+ILS explores how far the company has come,
Bermuda—Life
Bermuda for life
An interview with Sylvia Oliveira, chair of BILTIR, the association that represents the thriving life re/insurance community in Bermuda.
Private equity: in it for the long term
A growing partnership between life and annuity underwriters and PE capital is playing a key role in meeting the life insurance industry’s 21st-century challenges: EY.
The future looks bright
Diversification, a favourable regulatory environment, and an abundance of global opportunities are among factors highlighted by an industry panel.
Life and annuities
Damian Cooper, a partner at PwC in Bermuda, outlines some of the factors driving the growth of the sector and why the Island has found itself at the heart of it.
The BMA’s role
The growth of the life re/insurance sector in Bermuda has been fuelled by the robust yet pragmatic regulatory environment created by the Bermuda Monetary Authority.
Growing in the perfect regulatory environment
Since 2016, Kuvare Life Re has passed several milestones, including A- ratings from AM Best and KBRA. Kevin Hovi, the firm’s president and CFO, speaks to Bermuda:Re+ILS.
Bermuda—ILS
COVID-19, ESG and competition from London
Ross Webber joined Apex Group in 2020 as managing director and head of its Bermuda business, which provides administration and other financial services to funds, insurers and other sectors. He spoke to Bermuda:Re+ILS.
Renewals: the January disappointment
Hopes were high going into January 2021 renewals but those who had such expectations were to be disappointed. Glenn Clinton of ILS Capital explains why.
Rethinking ILS collateral
Increasing interest from dedicated ESG investors is encouraging some deal structurers to think of new and creative ways to make ILS even more appealing, Peter Dunlop of Walkers tells Bermuda:Re+ILS.
