Our Scans · Bermuda · Weekly Summary

• [New] There is a risk stablecoin issuers try to relocate to the Cayman Islands or Bermuda to offer digital coins to European customers from outside the US. European Council on Foreign Relations
• While some of the Bermuda executives KBW's analysts met with thought a ~ $100 billion catastrophe loss might stop the softening in reinsurance, others said it might take a financial shock. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• Norwegian Cruise Line will operate as Philly's exclusive homeport, in a seven-year agreement, offering 41 sailings a year to places like Bermuda, the Caribbean islands of St. New Jersey 101.5
• Mosaic Insurance is building a cyber-security underwriting unit in Bermuda, to align its global business strategy around the fast-growing risk. Insurance Journal
• The Bermuda High is expected to sit slightly farther east in 2026, similar to last season, which could lead many storms to curve away from the U.S. Newsweek
• A Bermuda Monetary Authority survey showed that Bermuda re / insurers are expected to pay a significant portion of Hurricane Ian's losses, totalling as much as 25% (approximately US$ 13 billion) of the expected losses. JD Supra
• According to a survey by the Bermuda Monetary Authority, 69 Bermuda re / insurers, including ABIR members, estimate they will pay $13 billion to US cedants and policyholders, up to a quarter of total estimated insured losses caused by the Category 4 storm. Bernews
• Developers will leave en masse to set up shop in Dubai, or Bermuda, or Singapore, or France, or in any number of jurisdictions that are proactively developing regulatory guardrails for crypto innovation to occur. CoinDesk
• During the fourth quarter of 2022, White Mountains invested $205 million into Outrigger Re, a newly-formed Bermuda special purpose insurer that will provide reinsurance protection on a portion of Ark's Bermuda global property catastrophe portfolio written in calendar year 2023. Bermuda Re/insurance

Last updated: 18 June 2026