Aspen Speaks at 2025 Bermuda Risk Summit

The world of insurance gathered for the 2025 Bermuda Risk Summit which took place March 10-12. Organized by the Bermuda Business Development Agency (BDA), leading risk specialists and experts discussed industry trends and topics, and shared valuable insights and information during this three-day event in Hamilton. 

A week prior, Aspen’s Group CEO & Chairman, Mark Cloutier, sat down for an interview with Bermuda:Re+ILS, where he called for solutions through innovative and non-traditional products that will bridge protection gaps and ensure the safety of people and businesses around the world.

Mark, who is also chairman of the Association of Bermuda Insurers and Reinsurers (ABIR), said: “What I’m advocating for is transparency and solutions where we can deploy our capacity in a way that does not necessarily have to be on a win or lose basis, but to do it with transparency in the accounting and the reporting around those products.” Read the full article.

On Day One of the Summit, Aspen Group President and CEO ABL, Christian Dunleavy, joined other insurance executives, to discuss navigating an increasingly complex global risk landscape. During their session, “Navigating Global Risk: Insights from Industry Leaders,” Christian noted that the world had been afflicted by pandemics, wars and climate events in the last five years, which put a premium on a company’s creativity. He commented that there is a growing investor interest in casualty insurance-linked securities as third-party capital saying that it’s a “testament to the fact that the industry continues to really serve the customers well and continues to run towards problems, not away from them. We want to be there. We want to be a part of that.”

Turning to the topic of California wildfires, Christian affirmed the need for (re)insurers to achieve a “genuine” risk-adjusted return. Homes needed to be made more resilient when they were rebuilt, and that resilience should be reflected in terms of risk adjusted insurance coverage. However, he felt a major concern was the lack of take-up for earthquakes in California, turning toward fellow panelist and California Insurance Commissioner Ricardo Lara to say: “As an industry, we would like to work with you on that.” Read more about this session in articles by Bermuda Re + ILS and Reinsurance Business.