Association-Bermuda Insurers

The Association of Bermuda Insurers and Reinsurers (ABIR) is a premier representative of public policy interests of international insurers and reinsurers that protect consumers around the world. With headquarters and operations in Bermuda and with operating subsidiaries in the United States, United Kingdom, and Europe, these carriers do business in more than 150 countries.

The Birth of a Leader

Since 1993, ABIR's advocacy and achievements have helped raise the global profile of Bermuda as a whole, underscoring the jurisdiction's reputation as a top-tier international financial center. Strategically deploying capital to underwrite and manage global risk for over 30 years, Bermuda insurers have built what can only be called the World's Risk Capital - a reference to the innovation, entrepreneurialism, and leadership of Bermuda re/insurers and the Bermuda government that has fostered the growth of this industry.

A Legacy of Innovation

Energized by innovation and fueled by grit and determination after Hurricane Andrew, risk pioneers in Bermuda planted the seeds for an insurance market that would ultimately be known globally for its reliable, responsible, highly-regulated, and well-resourced approach to risk management. These pioneers joined forces as a collective voice by forming the ABIR. The results have been remarkable.

A Global Presence

ABIR members are global organizations that include a Bermuda platform. ABIR partners with organizations such as the Global Federation of Insurance Associations (GFIA) and the Insurance Development Forum (IDF), working together on cohesive objectives to ensure the best possible outcome for the ABIR membership and the Bermuda jurisdiction as a whole.

What is Reinsurance?

When disaster strikes, the public face of recovery is often insurance companies. Backing up these companies are reinsurers. Like their customers, insurance companies buy insurance to manage their risk. To keep prices competitive, protect their capital, expand their coverage capacity, and keep the market stable, insurance companies share their risk with reinsurance companies. Reinsurance works to keep insurance premiums low by allowing more insurers to compete in markets. By absorbing risk around the world, reinsurers spread and diversify risk so that insurers don't become overexposed. This means consumers get more insurance choices at lower prices.

Our Members

ABIR's members employ over 91 interns in Bermuda, demonstrating their commitment to investing in the training and development of a vibrant, local workforce. Our members promote and support inclusiveness and diversity, recognizing the value of embracing diversity and ensuring that our industry is inclusive and representative of the communities we serve.