Our web site has been operational for a few years, but it is now being used increasingly by insurance buyers as an educational resource to understand what is available in the Bermuda marketplace. We have added a significant amount of new content and re-designed it to better reflect the substantive sophistication of our market. Meanwhile, Bermuda's increasing interest to insurance and reinsurance buyers created the necessity for a catalogue, or an inventory, of risk transfer solutions. The market's existing web site was changed with special emphasis placed on establishing a user-friendly resource. Thus, the Bermuda Market Solutions section, found under Risk Solutions, details the various business lines and provides useful information on how the business is written by different Bermuda firms.
Information is provided such as attachment points and limits.
A growing number of web sites established by the Bermuda firms are also listed. This is the kind of generic information that many people find helpful when considering establishing a Bermuda captive or incorporating any Bermuda insurer or reinsurer. The site carries news releases from Bermuda insurers and reinsurers and presentations and articles prepared by leading executives in the Bermuda market. It includes an archive section dating back to 1996 which provides a chronological map to the mammoth growth in the market in recent years. The Bermuda Insurance Update, the official journal of the Bermuda insurance industry, is distributed to 15,000 executives in the insurance and business world.