Bermuda’s expanding intersection of reinsurance, digital assets, and insurtech will be in focus on November 27 when the Bermuda Business Development Agency (BDA) meets UK industry leaders in London to outline developments in the island’s financial and risk sectors.
The forum, A London Forum: The Bermuda Advantage, will be held at the 1 Hotel Mayfair. Premier E. David Burt will open the program, followed by a discussion with Economy and Labor Minister Jason Hayward covering the Benefit Entities Act 2025 and Trustee Amendment Act 2025, two newly enacted laws affecting corporate governance and wealth-planning structures.
For the reinsurance market, the gathering takes place against a backdrop of data that continues to define Bermuda’s position in global risk transfer. According to figures reported by the Royal Gazette from remarks delivered at the Bermuda Risk Summit in March 2025, the island represents roughly 35% of global reinsurance capacity.
RenaissanceRe executive Jeffrey Manson also noted that Bermuda-based companies have paid about $500 billion in US property, catastrophe, and specialty losses over time, while absorbing a significant share of both primary and secondary perils.
Meanwhile, ABIR members reported $171 billion in gross written premium in 2023, up from $145 billion in 2022, while dedicated global reinsurance capital reached $568 billion that year, supported in part by Bermuda-based carriers. Manson called for greater investment in resilience planning given the $1.4 trillion in secondary-peril losses since 2000.
The London event will also feature three concurrent breakout sessions. The risk and insurance discussion will cover reinsurance structures, captives, and the role of technology in risk analytics. The technology and innovation track will address digital asset regulation and the relationship between digital finance and insurtech. The private wealth segment will examine cross-border investment structures and trust administration.
Recent transactions have added activity to Bermuda’s tech-linked insurance ecosystem. CatX and Cactus announced a digital asset–related merger, while Meanwhile - described as the first regulated Bitcoin life insurer - reported an $82 million capital raise. The BDA has pointed to these developments in describing current sector momentum.
Hayward said Bermuda is seeing economic momentum linked to global business activity, innovation strategy, and workforce programs. He stated that the jurisdiction’s regulatory clarity and governance continue to support business operations, noting that Bermuda remains one of the most sophisticated and resilient business jurisdictions.
David Parker, head of business development at the BDA, said the forum provides a venue to discuss activity across finance, technology, and insurance. He added that UK and Bermuda markets maintain long-standing regulatory and capital connections and that the meeting offers a chance to outline how cross-sector engagement contributes to financial and risk-management activity.
