BERMUDA’S ROLE as a pre-eminent jurisdiction for reinsurance has long been established, and Bermuda is now considered to be one of the three largest jurisdictions for insurance and reinsurance, and, more significantly, the reinsurance capital of the world. the size and role of the Bermuda insurance and reinsurance market is epitomised by the value of its aggregate capital and surplus (US$185 billion in 2011) and total assets (US$524 billion in 2011), no small feat for a remote island in the midd