A prominent US life insurer is making significant strides in enhancing its risk management framework by establishing a new reinsurance captive in Bermuda. This strategic move comes as the insurer aims to better absorb and manage rising claims volatility and fluctuating market conditions. By leveraging the unique regulatory environment and favorable tax structure of Bermuda, the company positions itself to bolster its financial resilience while pursuing innovative ways to protect its underwriting profits.

The formation of this…