Insurers flocking to Bermuda to expand reinsurance footprint – AM Best
February 27, 2024 by Kenneth Araullo
Some insurers are strategically increasing their reinsurance operations in Bermuda, either through subsidiaries or independent ventures, according to a recent analysis in Best’s Review.
This move, AM Best explained, is primarily driven by life and annuity insurers looking for capital efficiency and the opportunity to manage risks associated with products like multi-year guaranteed annuities and spread-based offerings more effectively.
Originally Posted at Insurance Business on February 23, 2024 by Kenneth Araullo.
Categories: Industry Articles
