Bermuda, Explained
November 27, 2024 by David Altmaier
Bermuda’s long-term insurance industry is helping to close the world’s pension protection gap, thanks to the work of its financial services regulatory agency, the Bermuda Monetary Authority.
The gap — the difference between the amount of money people need to live comfortably in retirement and the amount they have saved for retirement — has ballooned to around $1 trillion, according to the Global Federation of Insurance Associations.
Wink’s Moore on the Market: What kind of “news” is this?
It reads like an advertisement for Bermuda reinsurance… -sjm
Originally Posted at Think Advisor on November 21, 2024 by David Altmaier.
Categories: Industry Articles
