Global Atlantic Financial Group, the retirement and life insurer, has made a strategic expansion of its Bermuda office into a new, state-of-the-art facility at Washington House, located on Church Street in Hamilton. The move marks a major milestone for the company’s continued growth and investment in the island.

The new office space, which more than triples Global Atlantic’s previous footprint to over 15,000 square feet, offers a modern and collaborative work environment.

The expansion further reinforces Global Atlantic’s commitment to Bermuda, where the firm has significantly grown its local presence.

The team now includes nearly 60 employees, with headcount doubling over the past two and a half years and increasing by 30 per cent in the last 18 months, driving growth.

The firm manages approximately $190 billion of insurance liabilities, the majority of which resides in Bermuda.

“The investment in our new space here at Global Atlantic is a reflection of our long-term commitment to creating an exceptional environment for our team and delivering even greater value to our clients,” said Darryl Herrick, managing director, co-head of reinsurance at Global Atlantic Financial Group and president of Global Atlantic Re.

“Bermuda is a vital part of our story, and we’re proud to strengthen our presence in a community that shares our vision for innovation, excellence, and sustainable growth. We’re excited about what the future holds and remain deeply committed to investing in Bermuda for many years to come.”

In addition to growing its presence in Bermuda, Global Atlantic continues to invest in local non-profit organisations.

The Global Atlantic Re foundation was launched in May of 2023, with a goal of providing opportunities that promote economic development, education, and environmental sustainability initiatives across Bermuda.