Insurance in Bermuda – World Insurance Companies Logos. Bermuda is a well-known global center for the insurance and reinsurance industries, with a strong regulatory framework, a skilled workforce, and a favorable tax environment.
Bermuda Insurance Companies
Some prominent insurers based in Bermuda include:
- Arch Capital Group – Provides assurance and reinsurance products globally, including property, casualty, and specialty lines.
- AXIS Capital Holdings – Offers a wide range of assurance and reinsurance solutions, including property, marine, and professional liability.
- RenaissanceRe Holdings – Specializes in property catastrophe reinsurance and other specialty lines of reinsurance.
- PartnerRe – Provides reinsurance and assurance solutions to clients worldwide, covering various lines of business.
- Hiscox Bermuda – Part of the Hiscox Group, offering specialty assurance products such as professional liability, marine, and aviation insurance.
- Athene Holding – A leading retirement services company, providing annuity and life insurance solutions.
- Markel Corporation – Offers a diverse range of assurance products, including specialty lines such as marine, energy, and professional liability.
Logos and Names of Insurance Companies
Clicking on the logo of every insurer in Bermuda gives you access to all the information that the insurers has on its own website.
Find out the Best Insurers
How find out the best Insurers throughout Bermuda?
1- Find the right coverage
First, it’s important to gather information about the right coverage, and obtain assurance quotes from, a variety of insurers as part of your overall selection process. In order to do that, begin by determining the type of coverage you need in order to make a right comparison across multiple companies.
Now it’s time to research the types of insurers from which to obtain that coverage.
2- Check License Status
Insurers must be licensed by the country in which they sell coverage. For added peace of mind, be sure you’re buying coverage from a licensed provider in your area by checking with the department of insurers of your Country, either online or by phone.
3- Check financial stability
Finding out the financial stability of an insurer. One can search for an insurer’s financial strength rating, in the websites of companies such as A.M. Best, Standard & Poor’s, Moody’s or Fitch. While most of the major insurers are safe bets, this is especially helpful when considering smaller, lesser-known providers.
4- Customer service and claims support
Check consumer complaint ratios. Many departments of insurers websites publish consumer complaint ratios for the insurers. A consumer complaint ratio tells you how many complaints an insurer received for every 1,000 claims its policyholders filed. It’s also a good idea to check a company’s complaint ratio in several other countries for a company might have great ratings in one, but not-so-great ratings in another. For added protection, look for companies with low consumer complaint ratios in a variety of countries.
Locate the insurer you trust
Health Care in Bermuda
Bermuda is generally considered to be in good health. The health system in Bermuda consists of both public and private providers. The Bermuda Hospital Council manages the island’s only hospital, the King Edward VII Memorial Hospital, which offers comprehensive medical services.
Here are a few highlights of medical care in Bermuda:
Health System: Bermuda has a universal health care system called Bermuda Health Plan (BHP). BHP provides access to vital health services for all residents of Bermuda, including primary care, hospital care and prescription drugs. The system is supported by contributions from employers and employees, as well as government grants.
Private Health Insurance – In addition to BHP, many Bermuda residents opt to purchase private health insurance to supplement their coverage. Private insurance can offer extra benefits, such as coverage for optional procedures, specialist visits and longer hospital stay.
Medical Facilities: King Edward VII Memorial Hospital is the primary medical care facility in Bermuda. It offers a variety of services, including emergency care, surgical interventions, diagnostic imaging, maternity care and specialized treatments. The hospital is supported by a number of outpatient clinics and specialized facilities all over the island.
Specialized Care: Although Bermuda has a well-equipped hospital, certain specialized treatments may not be available on the island. In such cases, patients may have to be referred out of the country for advanced or complex medical procedures. The Bermuda Board of Health helps coordinate international removals and manage related costs.
Health Promotion: Bermuda places great emphasis on health promotion and preventive care. The government and various organizations in Bermuda are actively promoting healthy living, regular health checks and screening for health problems early on.
Travel Health: Bermuda requires visitors to have travel health insurance to cover their medical expenses for the duration of their stay. You should check with your insurer to ensure that you have adequate coverage for any unexpected medical situation.
Look for other insurers in the region on the page Caribbean Companies
Bermuda, Caribbean – World Insurance Companies Logos