Bermuda well placed in global reinsurance
For the second consecutive day, Bermuda market executives – this time from global reinsurers – discussed various facets of on-island industry life that highlighted how Bermuda reinsurers comprised such a large part of the global catastrophe reinsurance market.
And the executives expressed confidence that even in today’s uncertain times, the future growth of the Bermuda insurance market remained assured.
Hamilton Re CEO Megan Thomas was among those speaking at the Bermuda Risk Summit, which winds up tomorrow at the Hamilton Princess Hotel.
Even with developing concepts such as ESG (environmental, social and governance), Thomas represents a company that “walks the walk”.
Hamilton Re is a Bermuda reinsurer and part of the Hamilton Insurance Group, the Bermuda-headquartered company founded in 2013 on Par-La-Ville Road by industry icon and Bermuda market leader Brian Duperreault.
It underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries.
Thomas said it was an employer that respected diversity and one of the few global insurance groups led by a woman, the widely respected reinsurance executive, Pina Albo.
Hamilton leverages analytics and research to create underwriting and investment value for its clients and shareholders.
Thomas shared a panel discussion with other local reinsurance CEOs discussing how Bermuda continued to provide solutions in an increasingly complex world.
The panel, moderated by Association of Bermuda Insurers and Reinsurers CEO John Huff, included the bosses of some of the world’s largest P&C reinsurers.
Joining Thomas were Albert Benchimol, president and CEO of Axis; Stephen Catlin, chairman and CEO of Convex; Marc Grandisson, CEO of Arch Capital Group; and Chris Schaper, CEO of AIG Re.
They were there to share their views on key industry trends, strategic opportunities and Bermuda’s value proposition.
She said Bermuda has been well-positioned for some time to contribute fully in the market and well-placed to continue to do so.