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Bermuda's insurance industry resilient to catastrophe underwriting loss scenarios

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A report by the Bermuda Monetary Authority said that the island's insurance market is resilient to potential adverse impacts from various catastrophe underwriting loss scenarios, The Royal Gazette reported. "The results also establish Bermuda insurers' ability to absorb these unlikely potential large losses and still have capital remaining to settle policyholder obligations," the report added. The report, which focuses on 2015 data, also found that Bermuda reinsurers are more exposed to Atlantic hurricane risk than any other risk.

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