The growth of the life insurance industry in Bermuda has been remarkable over the past several years. What may have been just a handful of commercial life insurance companies with operations on the island just a few years ago, has now mushroomed into nearly 200 registered companies.With a stable economy, robust regulatory framework, and tax-efficient environment, companies are increasingly looking to Bermuda when making strategic decisions.This session takes a case study approach in illustrating the financial implications that can lead to a strategic decision to put business into Bermuda. Other practical considerations such as investment portfolio opportunities, guideline interpretation, and tax status, are also explored
By attending the session, you will:
- Analyze the balance sheet complexities under the Bermuda regime.
- Understand the implications of offshore reinsurance on distributable earnings and embedded value.
- Develop knowledge on the impact of incorporating alternative assets on Bermuda required capital and EV.
- Understand the practical considerations in reinsuring business offshore to Bermuda.