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Bermuda Insurance and Reinsurance Market Review
01 February 2012
Bermuda’s insurers and reinsurers have weathered a torrid 2011 for catastrophes and are now looking optimistically forward to this year, with further price increases and M&A the talk of the island.
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The island of
Bermuda, nestled in the Atlantic Ocean, has had what might be
described as an active year, not least for the numerous
hurricanes such as Irene, which passed close to the
The insurers and reinsurers on the island have been active
beyond simply boarding up their windows, however. Following an
active renewals season, Reactions spoke to leading members of
some of the largest firms in Bermuda to gauge the state of the
market at the entrance to 2012.
Locals say that the Bermudian industry has weathered the
storms of 2011 in more ways than one, and although challenges
remain it is clear that the industry is hoping for a more
peaceful, and positive, year.
A mood of cautious optimism seems to have washed over the
Bermudian market, with almost all stating that 2012 should
prove that the lessons of the past 12 months have been
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