Reinsurance News
ABIR
ABIR and Insurance Ireland call for regulatory changes to strengthen EU securitisation market
9th March 2026
The Association of Bermuda Insurers and Reinsurers (ABIR), an industry association representing Bermuda’s international insurers and reinsurers, and Insurance Ireland, the representative body for the Irish insurance sector, are urging European Union policymakers to make regulatory adjustments to the EU securitisation framework. According to the organisations, such changes would allow proven ... Read the full article
ABIR members’ contribution to Bermuda’s local economy tops $1.2bn
11th November 2025
Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) set a new benchmark in 2024, contributing $1,210,566,922 to Bermuda’s economy, and employing a record number of Bermudians, according to the association's 20th Annual Economic Substance Survey. Last year, the group employed 1,472 Bermudians, spouses of Bermudians, or permanent resident ... Read the full article
ABIR members see strong growth in 2024, despite elevated claims
4th September 2025
Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) recorded a solid performance in 2024, showing a 10% increase in premium written, an 8.5% rise in total equity and gross written premium (GWP) increased to over $188 billion, a record figure, according to a recently published report. ABIR’s Global ... Read the full article
ABIR announces Gallagher Re as its newest member
16th July 2025
The Association of Bermuda Insurers and Reinsurers (ABIR) has added Gallagher Re, a global reinsurance broker, to its list of member companies. Gallagher Re is part of Gallagher, an insurance brokerage, risk management, and consulting group. The reinsurance division employs around 2,400 people across 30 countries. Gallagher has operated in Bermuda since ... Read the full article
Brit Re becomes one of ABIR’s latest members
7th April 2025
Brit Re, the Bermuda-based reinsurance platform of Brit, has joined the Association of Bermuda Insurers and Reinsurers (ABIR), as the organisation’s membership reaches record high. ABIR represents the public policy interests of Bermuda's international re/insurers, and currently has 34 member carriers and three intermediaries in its Broker Advisory Cabinet. The organisation has ... Read the full article
ABIR member companies report record GWP of $171bn in 2023
3rd September 2024
Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) reported record gross written premium of over $171 billion in 2023, up from the $145 billion figure that was reported in 2022. These figures stem from ABIR’s global underwriting report, which comprises data from 25 of 31 member re/insurers for ... Read the full article
ABIR names Collin Anderson Director of Policy and Regulation
6th June 2024
The Association of Bermuda Insurers and Reinsurers (ABIR), which represents the public policy interests of Bermuda’s re/insurers, has announced the appointment of Collin Anderson as Director of Policy and Regulation, starting July 1. With 23 years of experience in both public and private sectors, Anderson has a robust background that includes ... Read the full article
Sompo Intl. joins ABIR with CRO Emmanuel Brulé added to Board
26th March 2024
Sompo International Holdings Ltd., a global property and casualty re/insurer, has joined The Association of Bermuda Insurers and Reinsurers (ABIR), increasing the number of members to 32 carriers and four intermediaries. The re/insurer’s entry was marked at a recent Q1 2024 board meeting held on the sidelines of the Bermuda Risk ... Read the full article
Lloyd’s and BMA spark initiative to drive innovation and education access
14th March 2024
The Lloyd’s insurance and reinsurance market and the Bermuda Monetary Authority (BMA) have committed to developing an initiative that will reportedly drive closer collaboration and alignment on sharing risk expertise between the two major (re)insurance hubs. Lloyd's stated that the focus of this initiative will be on fostering innovation through the ... Read the full article
ABIR names Aspen CEO Mark Cloutier as Deputy Chair
24th January 2024
Mark Cloutier, the Executive Chair and Group Chief Executive Officer (CEO) at insurer and reinsurer Aspen, takes over as First Deputy Chair of the Association of Bermuda Insurers and Reinsurers (ABIR) from Christopher Schaper. Cloutier has over 35 years of re/insurance industry experience in numerous jurisdictions and has served as Bermuda-based ... Read the full article
ABIR members contribute $815m to Bermuda economy in 2022
7th December 2023
The Association of Bermuda Insurers and Reinsurers (ABIR) has recorded a total direct contribution of $815 million to the local economy from member companies in 2022, up 13% over 2021. ABIR noted that its members’ economic contributions in 2022 include salaries and benefits paid to Bermuda-based employees, spending on travel and ... Read the full article
ABIR and ABI forge landmark MoU for global re/insurance collaboration
25th September 2023
The Association of Bermuda Insurers and Reinsurers (ABIR) and the Association of British Insurers (ABI) have announced a landmark Memorandum of Understanding (MoU), solidifying their commitment to collaboration in critical areas of the global insurance and reinsurance industry. This MoU builds upon the already robust working relationship between two of the ... Read the full article
ABIR member companies see record GWP of $145bn in 2022
12th September 2023
Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) reported record gross written premium of nearly $145 billion in 2022, up from $128 billion in 2021. These figures stem from ABIR’s global underwriting report, which comprises data from 24 of 30 member re/insurers for the calendar year 2022. The ... Read the full article
ABIR announces string of leadership appointments
21st March 2023
The Association of Bermuda Insurers and Reinsurers (ABIR) has announced changes in the leadership of its most influential committee and an expansion of its working groups’ focus areas, drawing on the professional talent of member companies. The firm has announced that Jim Paugh, of Arch Re, has been appointed Co-Chair of ... Read the full article
ABIR appoints Bill O’Farrell to its Board, names Premia Holdings as new member
3rd March 2023
The Association of Bermuda Insurers and Reinsurers (ABIR) has welcomed Premia Holdings Ltd, a global acquirer and reinsurer of run-off portfolios as a new member. At the same time, Bill O’Farrell, Chief Executive Officer of Premia, has been appointed to the ABIR Board. ABIR, which this year marks 30 years of representing the ... Read the full article
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