Navigating Challenges in a Complex (Re)Insurance Landscape

(Re)insurance companies today operate in a constantly evolving and challenging environment. The preparation of accounts under IFRS 17, shifting consumer trends, climate-related risks, the gig economy, AI, robotics, and automation are just a few of these challenges. Staying abreast of these changes is crucial to a (re)insurance company’s success, with early planning and preparedness being key.

Grant Thornton Bermuda’s (re)insurance teams deliver practical, pragmatic solutions to (re)insurers and captives across a full range of disciplines, from risk and regulatory to audit, actuarial, IT, and tax. Clients benefit from the combined expertise of our audit professionals, actuaries, tax specialists, and advisory consultants on a wide variety of (re)insurance-related matters.

We understand the challenges facing (re)insurance companies and captives, and we take pride in assembling the ideal team to meet your specific needs. The Grant Thornton insurance team includes a blend of industry experience, former regulators, and seasoned consultants.

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Andrew Howie
Partner - Head of Advisory Services
Andrew Howie
Partner - Head of Advisory Services
Andrew Howie

Why Grant Thornton

Grant Thornton’s comprehensive approach offers (re)insurance and captive clients solutions across the full spectrum of disciplines—from IT and advisory to audit, actuarial, and tax. Whether for an annual audit, tax planning, a project to prepare for IFRS 17 implementation, a regulatory transaction, a regulatory risk mitigation programme, or addressing internal resource gaps, clients benefit from the combined expertise of Grant Thornton’s cross-departmental team.

Our team brings significant industry and regulatory experience, enabling us to understand both regulatory requirements and their practical implications for (re)insurance and captive firms. With expertise across all (re)insurance sectors and global reach, we leverage international experience to deliver practical solutions tailored to the needs of our Bermuda-based clients.

Captives
Our captive offering

Captives

Bermuda has long been recognised as the world’s leading jurisdiction for captives, with the first captive insurer established on the island in 1962.

Bermuda’s risk-based regulatory model makes it an attractive domicile for all types of captives, from single-parent and group captives to special purpose financial captives.

As companies increasingly turn to captives to address emerging issues in the insurance industry—such as ESG, cyber risks, and insurtech—Grant Thornton’s solutions-driven team of captive professionals is ready to advise and support you. We offer a comprehensive range of captive services, from audit and assurance to capital adequacy and efficiency assessments, ensuring the optimisation and success of your captive.

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