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Analysts at ratings agency A.M. Best Co. Inc. said that Bermuda attracted billions of dollars in reinsurance and insurance capital in 2020 due to the hardening market, The Royal Gazette reported. Greater inflow of capital and entry of start-ups could dampen reinsurance price hikes, which could be counterbalanced by growing demand for reinsurance amid COVID-19 driven volatility.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms