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Bermuda: New overseas markets key for insurers, says expert

January 31, 2014 - 6:00am


A report by Ernst & Young L.L.P. has said that countries such as China, Malaysia, the United Arab Emirates and Mexico, among others, offer the best prospects for the insurance and reinsurance sector.

The new wave of countries represents significant opportunities for Bermudian insurers and reinsurers, The Royal Gazette reported citing EY's Bermuda insurance leader Pete Cangany. Mr. Cangany said that as regional firms in such countries expand globally, they would need global reinsurance.

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