Bermuda's long-term growth in the insurance market has surged over the past two years, but there are challenges ahead, according to a report by Fitch Ratings.
The Bermuda Market Overview, released in March, concluded that Bermuda continues to develop as a thriving domicile for reinsurance and insurance organizations. This growth is attributable to an attractive regulatory and tax environment, an accumulation of investment capital and underwriting talent, and innovative approaches to risk management.
According to the report, Bermuda's business is split about 55 percent and 45 percent between primary insurers and reinsurers, respectively.
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