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These Are The Best Insurance Companies in Bermuda (2021)

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This article showcases our top picks for the best Bermuda based Insurance companies. These startups and companies are taking a variety of approaches to innovating the Insurance industry, but are all exceptional companies well worth a follow.

We tried to pick companies across the size spectrum from cutting edge startups to established brands.

We selected these startups and companies for exceptional performance in one of these categories:

  • Innovation
    • Innovative ideas
    • Innovative route to market
    • Innovative product
  • Growth
    • Exceptional growth
    • Exceptional growth strategy
  • Management
  • Societal impact

Top Bermuda Insurance Companies

Data sourced from Crunchbase and SemRush.

Armour Group

Armour Group

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Armour is a leader in the P&C run-off and headquartered in Bermuda. The business has multiple capabilities including the new re-insurer working with the established asset management and specialist servicing companies.

It is a leading provider of capital and services to the global P&C run-off market. Armour specializes in the creation and implementation of run-off solutions, services and acquisitions within the global insurance and reinsurance market place..

Hamilton Insurance Group

Hamilton Insurance Group

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Hamilton Insurance Group is the Bermuda-based holding company for property casualty reinsurer Hamilton Re.

Endurance Specialty Holdings

Endurance Specialty Holdings

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Endurance Specialty Holdings Ltd. is a global specialty provider of insurance and reinsurance.

Through its operating subsidiaries, Endurance writes property, agriculture, professional lines, casualty and other specialty lines of insurance and property, catastrophe, casualty, professional liability, and other specialty lines of reinsurance.. .

Arch Capital Group

Arch Capital Group

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Arch Capital Group is a public liability company that writes insurance and reinsurance with operations. The company also offers mortgage, specialty insurance, and reinsurance solutions.

its insurance segment provides specialty risk solutions to clients across a variety of industries. The reinsurance segment provides reinsurance services that cover property catastrophe, property, liability, marine, aviation and space, trade credit and surety, agriculture, accident, life and health, and political risk.

The mortgage business provides risk management and risk financing products to the mortgage insurance sectors through platforms in the U.S., Europe, and Bermuda.. .

Hiscox

Hiscox

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Hiscox is an insurer, offering property and casualty insurance aimed at companies and high-net-worth individuals.

Axis Capital Holdings Limited

Axis Capital Holdings Limited

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AXIS is a global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services. Their highly experienced underwriting, claims, modeling and actuarial teams have a breadth and depth of knowledge that distinguishes AXIS as a provider of choice.

AXIS Insurance provides customized property, casualty, professional lines and other specialty coverage across the globe through wholesale and retail brokers, and managing general underwriters.. .

enstar group ltd

enstar group ltd

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Enstar Group Limited acquires and manages insurance and reinsurance companies in run-off and portfolios of insurance and reinsurance business in run-off. The company also provides management and consultancy services, claims inspection services, reinsurance collection services, and other services to the insurance and reinsurance industry.

It serves multinational company clients in Bermuda, the United States, the United Kingdom, Australia, and Europe. The company was formerly known as Castlewood Holdings Limited and changed its name to Enstar Group Limited as a result of its merger with The Enstar Group, Inc.

in January 2007. Enstar Group Limited was founded in 2001 and is headquartered in Hamilton, Bermuda..

RenaissanceRe Holdings

RenaissanceRe Holdings

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RenaissanceRe is a global provider of property catastrophe and specialty reinsurance, as well as other insurance coverages. Founded in Bermuda in 1993, RenaissanceRe is now one of the world´s largest and most successful reinsurers of natural and man-made catastrophes.

RenaissanceRe have also established a significant franchise as a specialty reinsurer for a wide range of coverages.. .

Argo Group

Argo Group

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Argo Group International Holdings, Ltd. (NASDAQ:AGII) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market.

Through its operating subsidiaries, Argo Group offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in four primary segments: Excess & Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. Argo Group’s worldwide insurance subsidiaries are rated ‘A’ (Excellent) by A.M.

Best with a stable outlook and its U.S. insurance subsidiaries are rated ‘A-’ (Strong) by Standard & Poor’s with a stable outlook.

For more informatio. .

PartnerRe

PartnerRe

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PartnerRe Ltd. (PartnerRe) is the ultimate holding company for its international reinsurance group.

The Company provides reinsurance on a global basis through its wholly owned subsidiaries, including Partner Reinsurance Company Ltd. (PartnerRe Bermuda), Partner Reinsurance Europe plc (PartnerRe Europe) and Partner Reinsurance Company of the U.S.

(PartnerRe U.S.). Its risks reinsured include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, multiline and other lines and mortality, longevity and health.

The Company also offers alternative risk products, which include weather and credit protection to financial, industrial and service companies on a global basis. In January 2013, the Company acquired Presidio Reinsurance Group.

In March 2013, the Company announced the formation of Lorenz Re Ltd.. .

Axa XL

Axa XL

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Axa XL is a provider of insurance and reinsurance coverages and financial products to industrial.

OneBeacon Insurance Group

OneBeacon Insurance Group

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OneBeacon Insurance Group offer a range of specialty insurance products sold through independent agencies, regional and national brokers, wholesalers and managing general agencies. Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment, and providing distinct products and tailored coverages and services.

OneBeacon’s solutions target group accident and health; architects and engineers; commercial surety; entertainment; environmental; excess property; financial institutions: financial services; healthcare; management liability; ocean and inland marine; programs; public entities; technology; and tuition refund.. .

Sompo International

Sompo International

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Sompo International is a global specialty provider of property and casualty insurance and reinsurance.

Athora

Athora

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Athora is a Bermuda-based insurance and reinsurance group.

Alterra Capital Holdings

Alterra Capital Holdings

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Alterra Capital Holdings is a Bermuda-based provider of reinsurance for both the life and annuity, including disability, and property and casualty insurance markets. They differentiate ourselves by offering structured reinsurance products in both markets and by targeting superior risk-adjusted returns from our diversified investment portfolio.

To better manage their reinsurance liability exposure, allocate their investments and assess their overall risk, we model they underwriting and investments on an integrated basis. They believe that this strategy will allow us to generate a superior return on equity compared to others in their industry..

Validus Holdings

Validus Holdings

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Validus Holdings, Ltd. is a provider of reinsurance, insurance, and insurance linked securities management operating through three primary segments, Validus Reinsurance, Ltd., Talbot Holdings Ltd.

and AlphaCat Managers, Ltd. Validus Reinsurance, Ltd.

(“Validus Re”) is a Bermuda based reinsurer focused on short tail lines of reinsurance. Talbot Holdings Ltd.

(“Talbot”) is the Bermuda parent of the specialty insurance group primarily operating within the Lloyd’s insurance market through Syndicate 1183. AlphaCat Managers, Ltd.

(“AlphaCat”) is a Bermuda based investment adviser managing capital for third parties and the Group in insurance linked securities and other property catastrophe reinsurance investments.. .

Bermuda Monetary Authority

Bermuda Monetary Authority

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Bermuda Monetary Authority was established by statute in 1969. Its role has evolved over the years to meet changing needs in the financial services sector.

Today it supervises, regulates and inspects financial institutions operating in the jurisdiction. It also issues Bermuda’s national currency, manages exchange control transactions, assists other authorities with the detection and prevention of financial crime, and advises Government on banking and other financial and monetary matters.

Bermuda Monetary Authority develops risk-based financial regulations that it applies to the supervision of Bermuda’s banks, trust companies, investment businesses, investment funds, fund administrators, digital asset businesses, money service businesses, corporate service providers and insurance companies. It also regulates the Bermuda Stock Exchange and Bermuda Credit Union..

Ariel Re

Ariel Re

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Ariel Re is the Property and Casualty insurance and reinsurance business of Global Atlantic Financial Group. Established in 2005, Ariel Re conducts the majority of its business through Ariel Re Bda Limited, which acts as a coverholder for Ariel Syndicate 1910, a syndicate at Lloyd’s of London.

The combined organization employs approximately eighty industry professionals in London and Bermuda.Ariel Re underwrites a global portfolio of insurance and reinsurance business. We are a leading reinsurer which seeks to deliver value to our customers through intelligently managing risk..

Premia Holdings

Premia Holdings

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Premia Holdings is a multidisciplinary executive team helps organizations achieve finality by providing insurance and reinsurance solutions.

SiriusPoint

SiriusPoint

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SiriusPoint Ltd. is a global insurance and reinsurance company, created from the merger of Third Point Reinsurance and Sirius Group.

We are a top 20 global (re)insurer, writing a worldwide portfolio of business including Accident & Health, Liability, Property and Specialty.. .

James River Group Holdings

James River Group Holdings

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James Ri.Gr.Hldgs is a Bermuda-based insurance holding company that owns & operates a group of specialty insurance & reinsurance companies.

Watford Re

Watford Re

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Watford Re is a specialty insurer and reinsurer that brings together underwriting and investment expertise. Watford Re launched its reinsurance operations in 2014 as a Class 4 insurer in Bermuda.

They use a disciplined underwriting strategy providing capacity and solutions on a global basis. In 2015, Watford Re established their insurance operations to provide specialty products and solutions to an expanded client base.

Watford Re partners with best-in-class underwriting and investment managers to combine a diversified insurance business with a tailored investment portfolio. This strategy leverages the expertise and global distribution of partners to enable them to offer innovative products at competitive terms to clients while generating an attractive return over time for shareholders..

Catalina Holdings

Catalina Holdings

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Catalina has made eighteen acquisitions to date with average consideration in excess of $100 million. We acquire companies and portfolios in well-regulated jurisdictions.

Given the concentration of the insurance and reinsurance industry in certain countries, our geographical focus is in Bermuda, the US and UK, and mainland Europe. We offer owners of insurance and reinsurance companies and portfolios in run-off finality through outright acquisition.

Alternatively, we consider co-venturing, profit sharing or partnership structures. In acquiring a company or portfolio in run-off and we provide a clean exit for owners from existing and future liabilities and the release and redeployment of substantial and unproductive capital.

We are sensitive to the concerns of businesses selling insurance and reinsurance policies to a new owner. Catalina is committed to maintaining the good reputation of acquired entities..

Randall & Quilter Investment Holdings

Randall & Quilter Investment Holdings

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R&Q is an AIM listed company specialising in a wide variety of insurance products and services. The Group was founded by Ken Randall and Alan Quilter in 1991.

Since then, R&Q has pursued a buy and build strategy to create a comprehensive range of investment activities and services in the global non-life insurance market and is focused on the following four core areas.. .

Bowring Marsh (Bermuda) Ltd.

Bowring Marsh (Bermuda) Ltd.

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Bowring Marsh is an international placement broker for property and casualty risks.

AXA Insurance Company

AXA Insurance Company

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AXA Insurance Company is an insurance company that provides corporate solutions and risk management solutions.

Pacific Life Re

Pacific Life Re

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Pacific Life Re is an insurance company that provides reinsurance services for life.

Syncora Holdings

Syncora Holdings

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Syncora Holdings Ltd. through its subsidiary, Syncora Guarantee Inc., a monoline financial guarantee insurance provider, provides credit enhancement for the obligations of debt issuers worldwide.

They are a Bermuda-domiciled holding company whose operating subsidiaries provide credit enhancement and protection products to the public finance and structured finance markets throughout the United States and internationally.. .

Till Capital

Till Capital

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Till Capital is a Bermuda-domiciled company with two wholly-owned subsidiaries, Omega Insurance Holdings Inc. and Resource Re Ltd.

Omega Insurance Holdings Inc. owns Omega General Insurance Company, a Canadian insurance company offering innovative and customized insurance industry solutions, including fronting and run-off services for insurers/reinsurers, within the Canadian marketplace.

Omega Insurance Holdings Inc. also operates Focus Group Inc., a consulting and project management company servicing the local and international needs of its Property Casualty Insurance clients.

Resource Re Ltd. is a Bermuda-domiciled reinsurance company regulated by the Bermuda Monetary Authority with a Class 3A insurance license directed to underwrite reinsurance policies within a long term investment strategy.

Through its regulated subsidiaries, the Company has been structured to produce underwriting profits as well as above average returns on assets under management. .

American Safety Reinsurance, Ltd.

American Safety Reinsurance, Ltd.

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American Safety Reinsurance, Ltd. provides casualty reinsurance solutions.

Somerset Reinsurance

Somerset Reinsurance

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Somerset Re provides customized risk management solutions to the life insurance and annuity sectors. somerset specialize in reinsurance solutions that help our clients efficiently deploy capital, improve long-term performance and fund new business growth.

somerset team of highly experienced reinsurance professionals customizes each reinsurance program to optimize the benefits for clients.. .

Esg Re

Esg Re

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Esg Re believes that its reinsurance management subsidiary, ES Management, distinguishes itself and strengthens its client relationships by offering “intelligent reinsurance” products and services that help its ceding clients to better manage their risks. These include software solution to particular underwriting problems (including software developed by reinsurance and health care professionals to predict future severity of medical conditions based on current diagnoses), actuarial support, product design, and, in the field of medical expense reinsurance, loss prevention and disease management.

In order to maximize the quality of the information related to the risks that it underwrites, the Company maintains close relationships with its ceding clients and professional reinsurance BROKERS.. .

Quest Group of Companies

Quest Group of Companies

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Quest Group of Companies provides captive and rent-a-captive services to corporations, groups, and associations.

Island Capital Ltd

Island Capital Ltd

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Island Capital Limited underwrites portfolio of trade credit and political risk insurance business.

Acadia Life International

Acadia Life International

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Acadia Life International is a Insurance company.

WellAway

WellAway

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WellAway is an international health care company providing clients with flexible plans, depending on client’s geographic location.

Terra Nova Holdings Ltd

Terra Nova Holdings Ltd

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Terra Nova Holdings Ltd provides insurance underwriting services for specialty property, casualty, marine, and aviation insurance.

Maiden Reinsurance North America

Maiden Reinsurance North America

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Maiden Reinsurance North America is an insurance company that provides specialty reinsurance products.

Scottish Re

Scottish Re

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Scottish Re Group Limited is a holding company organized under the laws of the Cayman Islands with its principal executive office in Bermuda. Through our operating subsidiaries, we are engaged in the reinsurance of life insurance, annuities and annuity-type products.

These products are written by life insurance companies and other financial institutions primarily located in the United States.. .

International Specialty Brokers Ltd.

International Specialty Brokers Ltd.

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International Specialty Brokers Ltd. is an independent Property & Casualty Insurance/Reinsurance broker.

International Specialty Brokers provides clients with access to a broad range of US and International markets who write multiple lines of coverage for risks throughout the world.. .

AIG LIFE OF BERMUDA

AIG LIFE OF BERMUDA

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AIG LIFE OF BERMUDA is a property-casualty and general insurance organization.

Oil Casualty Insurance

Oil Casualty Insurance

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OCIL has provided quality insurance protection for energy companies around the globe.

777 Re

777 Re

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777 Re that acquires both active and run-off blocks of life insurance and annuity business underwritten by global insurance companies.

Annuity & Life Re

Annuity & Life Re

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Annuity & Life Re is a Bermuda-based company that provides individual life insurance and pension products for its users.

American Safety Insurance Group, Ltd.

American Safety Insurance Group, Ltd.

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American Safety Insurance Group, Ltd. offers specialty insurance and reinsurance products.

Quanta Capital Holdings

Quanta Capital Holdings

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Quanta Capital Holdings a new Bermuda holding company formed to provide specialty insurance, reinsurance and consulting products and services on a global basis through our subsidiaries. They were incorporated in May 2003 and began conducting our business in September 2003.

They focus on writing coverage for specialized classes of risk through a team of experienced, technically qualified underwriters. These specialty lines insurance and reinsurance products differ significantly from products written in the standard market..

AGER Bermuda Holding Ltd

AGER Bermuda Holding Ltd

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AGER, through its subsidiaries, is a specialist in the European life run-off market. The company works with insurers to monetize their legacy portfolios while expertly serving the needs of policyholders.

The company’s principal operational subsidiary, Athene Leben, is located in Wiesbaden, Germany and specializes in the efficient management of insurance portfolios in the areas of life, annuities and retirement planning.. .

Hardy Underwriting Bermuda Ltd.

Hardy Underwriting Bermuda Ltd.

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Hardy Underwriting Bermuda Ltd. engages in underwriting insurance and reinsurance products.

Hardy Underwriting Bermuda Ltd. underwrites a spectrum of aviation and marine classes, including general aviation, airlines, and space risks; marine risks specializing in fishing vessels, harbor craft, and loss of hire..

AlphaStar Insurance Group

AlphaStar Insurance Group

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AlphaStar Insurance Group is a Bermuda holding company which, through its subsidiaries, provides risk management services and products predominantly to U.S. based small and mid-sized businesses seeking cost-effective alternatives to traditional workers’ compensation insurance.

In addition, the Company arranges reinsurance for its products as well as for those offered by independent U.S. based insurance carriers active in the workers’ compensation, occupational accident and health insurance markets..

Insurance Income Strategies

Insurance Income Strategies

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Insurance Income Strategies offer collateralized reinsurance in the property catastrophe market.

Amerinst Insurance Group

Amerinst Insurance Group

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Amerinst Insurance Group is a a leader in professional liability insurance company.

Majestic Capital

Majestic Capital

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Majestic Capital is a provider of fee-based management and other services for workers’ compensation self-insured groups.

Empyrean Re Ltd

Empyrean Re Ltd

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Empyrean Re Ltd provides credit insurance and reinsurance products and services for risk management.

op2pay

op2pay

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op2pay, Ltd. offers online alternative payment services.

The company offers FirePay, a Web based account that works like a debit card to purchase goods and services, online as well as allows users to deposit funds and transfer those funds.. .

Allstate Reinsurance

Allstate Reinsurance

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Allstate Reinsurance Ltd. provides reinsurance services.

Agency Program Insurance

Agency Program Insurance

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Agency Program Insurance provides reinsurance services.

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