Regulatory shifts and investor-driven capacity boost offshore reinsurance growth
The offshore reinsurance markets in Bermuda and the Cayman Islands are seeing growth, driven by increasing use of sidecar models and expansion into new lines of business.
Sidecars, which allow reinsurers to bring in third-party capital to support a broader range of risks, have gained popularity as they provide additional capacity and diversification while offering investors direct exposure to the reinsurance market.