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Insurance Asset News
Market Analysis

Fitch puts Bermuda at 85 per cent of US life insurers’ $1.3 trillion offshore reserves

By IAN Editorial Desk
14 September 2026·2 min read
Primary source: royalgazette.com

Fitch expects Bermuda to keep most of the offshore pool, 72 per cent of it affiliated at year-end 2025.

Fitch Ratings has put the reserves US life insurers cede to offshore reinsurers at $1.3 trillion in 2025, a rise of nearly 190 per cent from 2020. Bermuda accounted for 85 per cent of that offshore total.

Total US reinsurance reserves ceded, domestic and offshore together, more than doubled to $2.7 trillion in 2025. Of that wider total, reserves ceded…

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