Fitch Ratings On Reinsurance, Bermuda, M&A

“The Bermuda [re]insurance market remains viable in the face of declining profitability despite challenging market conditions and increased potential political threats from the U.S,” Fitch Ratings said.

“Bermuda’s reputation for a strong and efficient regulatory framework benefits the island’s [re]insurance market,” said Brian Schneider, senior director, Fitch Ratings.

“However, the new Trump administration and Congressional shift in public policy in favor of the U.S. combined with a lower corporate tax rate could reduce Bermuda’s market benefits.”

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