|[August 07, 2014]
Research and Markets: The Insurance Industry in Bermuda, Key Trends and Opportunities to 2018
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/f2jmcb/the_insurance)
has announced the addition of the "The
Insurance Industry in Bermuda, Key Trends and Opportunities to 2018"
report to their offering.
Despite continued low investment yields and moderate economic growth in
Europe and the US, Bermuda's insurance industry continued to thrive in
2013. Gross written premium increased at a rate of 7.4% from 2009 to
2013. The growth was primarily driven by low losses from catastrophes
and proper reserve development in 2012. As a result, leading industry
participants recorded a significant improvement in combined ratio,
depicting strong underwriting performance which in turn supported their
A low regulatory burden, attractive tax environment and solid
infrastructure have been key drivers for the growth of insurance, and
also for the rise in the number of international companies in Bermuda.
The number of new insurers rose by 71% in 2013 over 2012, while the
overall number of market participants fell from 1,209 in 2012 to 1,206
Bermuda has evolved as an offshore financial center, due to its
minimal and liberal regulatory standards for businesses.
Growing competition is likely to have an adverse impact on the
profitability of insurers and reinsurers in 2014 and 2015, with
several operators exhibiting competitive underwriting practices.
During the review period, the frequency and magnitude of catastrophes
increased globally, leading to increased losses and placing greater
pressure on reinsurers.
Key Topics Covered:
1 Executive Summary
3 Bermudian Insurance Industry Overview
4 Industry Segmentation
5 Governance, Risk and Compliance
6 Competitive Landscape
7 Economic Indicators
Ace Bermuda Insurance
Everest Reinsurance (Bermuda) Ltd
Catlin Group Ltd
Axis (News - Alert) Capital Holdings Ltd
Arch Insurance (Bermuda)
Allied World Assurance Company Holdings, AG
Endurance Specialty Holdings Ltd
For more information visit http://www.researchandmarkets.com/research/f2jmcb/the_insurance
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