as at 23 Oct 2026
Insurance Asset News
Market Analysis

Bermuda life sidecar market quadruples to estimated $375 billion, Morningstar DBRS finds

By IAN Editorial Desk
News date: 6 September 2026·2 min read
Primary source: dbrs.morningstar.com

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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