Bermuda life sidecar market quadruples to estimated $375 billion, Morningstar DBRS finds
Morningstar DBRS puts growth at an annual rate of about 32 per cent since 2021 and calls Bermuda by far the largest market for the structures; its...
Bermuda’s life and annuity reinsurance sidecar market has quadrupled in four years to an estimated $375 billion of assumed liabilities, according to a Morningstar DBRS report cited by The Royal Gazette on 3 September. The Gazette said Morningstar put the market’s expansion at an annual rate of about 32 per cent since 2021. Morningstar DBRS’s own commentary, dated 10 August,…
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