Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017

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Bermudians paid $73bn to EU customers over 20 years: BMA

  • Charlie Thomas 27 September 2017
  • Bermudian (re)insurers have paid out nearly $73bn in claims to EU clients and cedants over the past 20 years, according to the Bermuda Monetary Authority (BMA).

    Of the $72.9bn paid out to EU policyholders, around half - $36.8bn - was paid to UK customers.

    The commercial market claims data was collated by the BMA's first EU data claims survey, which was completed in July this year.

    Between 1997 and 2006 claim payments to the EU totalled around $16.5bn, of which...

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