ABIR Hosts #ClimateRisk Webinar
Recognizing International Climate Change Day
Albert Benchimol, President and CEO, Axis Capital; Marc Grandisson, President and CEO, Arch Capital; Steve Weinstein, EVP and Group General Counsel, RenaissanceRe; and Ekhosuehi Iyanhen, Secretary General, Insurance Development Forum discuss how Bermuda is transitioning into the World's #ClimateRisk Capital with ABIR CEO John Huff on June 22.
The Bermuda re/insurance market is unique. It is an efficient jurisdiction with global access. Over the past two decades, the Bermuda re/insurance industry paid over a quarter of a trillion dollars to consumers in the EU and US alone arising from some of the world’s most severe natural catastrophe events and largest man-made disasters.
According to AM Best, the Bermuda market represents over 35% of Global Property & Casualty Reinsurance Market.
The effects of climate change will become more significant in the years to come with the potential for unprecedented losses. Bermuda’s historic role in natural catastrophe re/insurance makes it an ideal champion in the efforts to optimize and extend the use of insurance and risk management capabilities to build greater resilience and protection for people, communities, businesses, and public institutions. Hear how Bermuda is becoming the World’s Climate Risk Capital.