Bermuda Insurance History

Bermuda has a long history as a center for insurance beginning with the early development of offshore financial companies (see our prior post).  Today, Bermuda is one of the leading centers, if not the leader, for international insurance and reinsurance.  In Risk & Insurance, Roger Crombie provides an entertaining chronology of Bermuda’s evolution in the insurance world (see here).  He begins with the suicide of a villain, Ivan Breuger, covers the development of the captive insurance industry starting with Fred Reiss, and ends with Bermuda as the most dynamic insurance market in the world.

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