To complement our stated strategy of being a truly independent broker, in 2019 we established Tysers (Bermuda) Ltd.
Tysers represent global clients with global exposure and therefore having our own dedicated access to the Bermuda market is seen as an essential part of our client offering.
The Bermuda market is equivalent and, in some classes of business, larger than Lloyd’s in premium volume and whilst having strong regulatory structures, does allow underwriting capacity to be deployed in many innovative ways. The Bermuda Market is geographically positioned to benefit from business which comes from the USA before making it to the other global insurance centres.
Tysers Bermuda will be staffed with professionals to complement the insurance and reinsurance which exists within the other six trading platforms of Tysers wholesale business.
Tysers Bermuda stated intent is to:
- Service our existing client’s requirements
- Be an independent access point to the Bermuda market for other independent worldwide brokers.
- Provide solutions for prospects and clients where other markets are constrained by either capital or regulation.
- Produce reinsurance business from within the Bermuda market from traditional insurers, reinsurers and also the alternative ILS markets.
Tysers has a strong presence in the binding authority and captive space being operational in Bermuda will only enhance that offering.