A year in review: Bermuda’s biggest re/insurance news of 2025

Bermuda’s biggest re/insurance stories this year were not defined by volume, but by significance. The developments that mattered most were those that reshaped business models, tested underwriting discipline and clarified where the market is – and is not – prepared to deploy capital. Across M&A, exits, launches and leadership changes, the year’s defining moments revealed a market increasingly willing to make hard choices and call out behaviour it believes could undermine long-term credibility.