When all the costs are finally tallied, Superstorm Sandy is likely to be the second costliest natural disaster in history. As the storm wreaked havoc in some of the densest parts of the northeastern US, Bermuda reinsurers have begun rethinking the meaning of risk.

The Spring edition of the Bermuda Insurance Journal, out on Monday in Hamilton area papers, explores the consequences of the storm that lulled New York City, the city that never sleeps into having a nap.

The new issue also explores how Bermuda’s international business sector should no longer be considered one of two economic ‘pillars’ but rather the foundation of the Island’s economy and how the Island can help Florida’s state-backed insurer offload a portion of their risk.

The Bermuda Insurance Journal delves into the issues and concerns that affect the local re/insurance sector, written by journalists that cover these topics every day. Don’t miss it!