In the first half of 2026, Bermuda showcased robust registration figures in the catastrophe bond and insurance-linked securities (ILS) market, with the Bermuda Monetary Authority (BMA) reporting 15 new company registrations, including 12 restricted special purpose insurers (SPIs) focused on catastrophe bond issuances. While this number marks a slight decline from the previous year, the entrance of new sponsors signals resilience and growth potential. Notably, major firms like AXIS Capital and Everest Group have established collateralized insurers targeting casualty ILS strategies. The ongoing support from the BMA reinforces Bermuda’s premier status in the global ILS landscape, highlighting its importance to institutional investors seeking reinsurance-linked returns.
