The Bermuda Monetary Authority published data showing that Bermuda commercial (re)insurers incurred USD 1.34 trillion in gross claims costs to policyholders and cedants globally from 2016 through 2025, including USD 251 billion in 2025. The figures cover property and casualty losses, life and health claims, accident and health benefits, and policyholder cash flows such as dividends, surrenders, maturities and annuity payments. United States policyholders accounted for USD 827 billion, or 62% of the decade’s total. European policyholders, including those in the UK, accounted for USD 201 billion, while the rest of the world accounted for USD 309 billion. The data are drawn from statutory filings and periodic claims surveys and exclude Bermuda’s captive (re)insurers and insurance-linked securities market.
2026-08-31Bermuda Monetary Authority
Bermuda Monetary Authority reports commercial insurers and reinsurers incurred USD 1.34 trillion in claims costs over 10 years
The Bermuda Monetary Authority reported that commercial (re)insurers incurred USD 1.34 trillion in global claims costs from 2016 through 2025, including USD 251 billion in 2025. United States policyholders accounted for 62% of the decade’s total, and the figures exclude captive (re)insurers and the insurance-linked securities market.