2023 ImpACT Conference - Session 3K: Life Reinsurance: Bermuda Regulatory Change and Cayman Landscape 10.23.23 Recording

It's time to talk about Bermuda and Cayman as offshore jurisdictions for life reinsurance. Bermuda, a growing destination for life and annuity reinsurance over the last few years is developing significant changes to its regulatory framework. Asset, liability, and capital requirement will all change under proposed new rules. The changes will not only require rethinking of U.S. and international reinsurance ALM strategy and pricing, but also product strategy and pricing for primary insurers.Developing compelling ALM strategies and products under the evolving Bermuda regulatory framework is an interesting challenge for the U.S. and international insurers and reinsurers. In addition to Bermuda, the speakers will discuss the emerging Cayman life reinsurance market. The discussion points will include: - The growth speed of Cayman reinsurance business, the doubt from US insurers and Cayman reinsurers' responses to these concerns - The aspects in which Cayman has been a strong offshore jurisdiction - The main drivers why Cayman market is a good alternative for asset-intensive reinsurance, and affiliates set-ups TRACK: ERM/ Capital Risk/ Climate Change;Reinsurance