firm
Biltir
In network coverage since September 25, 2026 · 1 story
Network coverage
Cat bonds & reinsurance
82% decides what Japan's 11% is worth
Bermuda's long-term reinsurers manage $1.52 trillion and count the United States for 82 per cent of ceded business, Japan for 11 — and the rulebooks in Tokyo and at the NAIC will decide which number grows.