Bermudians take $21bn in cat losses over 2017-21: S&P
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Bermudians take $21bn in cat losses over 2017-21: S&P

Sailboat in the Hamilton, Bermuda, harbor.

Bermudian (re)insurers took $21bn in natural catastrophe losses and $3bn in Covid claims in the 2017-21 five-year period, S&P analysis showed.

The losses sparked rate increases over the past few years that are likely to continue through the 2023 reinsurance renewals, it added.


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