Log In

Reset Password
BERMUDA | RSS PODCAST

Somerset Re tops the charts for business capability

First Prev 1 2 Next Last

A Bermuda-based reinsurance company has been top-ranked by ceding companies in a study conducted by a leading industry-focused consulting organisation.

Somerset Reinsurance Ltd, a global life and annuity reinsurer, was ranked number one in the Business Capability Index, as measured by NMG Consulting's 2021 US Structured Financial Solutions study in the Portfolio Transfer Segment.

The company said the NMG study's BCI scores measure reinsurer effectiveness by aggregating insurer feedback across five key capability areas.

The biannual study incorporates the expert perspectives from insurance executives and reinsurance buyers, and is recognised as the definitive benchmark of reinsurer performance by the industry, the company said.

Somerset's overall BCI score has led the market in each of the last two studies.

The company said the study also provides valuable insights into market trends and is used by reinsurers to develop strategies to address the key business issues facing their customers.

Jeff Burt, chairman and CEO of Somerset Re, said: "The NMG US Structured Financial Solutions Study is an important tool for us to ensure that we are focused on delivering the customised risk management solutions that help our clients succeed.

"The NMG Study feedback is an important driver in how we adapt to business challenges impacting our clients. We're delighted by this confirmation, directly from our clients that we are delivering on our promises. It is an affirmation of our developing brand and our unique position in the market."

Somerset Re is a provider of reinsurance solutions for asset intensive life insurance and annuity business, helping its clients manage capital efficiency and improve their financial results.

NMG Consulting is a global consultancy focused on the insurance, reinsurance, financial solutions, retirement/wealth and asset management markets.

Jeff Burt, chairman and CEO of Somerset Re (Photograph supplied)
Somerset Reinsurance Ltd: ranked number one by ceding companies

You must be Registered or to post comment or to vote.

Published September 29, 2021 at 1:57 pm (Updated September 29, 2021 at 6:35 pm)

Somerset Re tops the charts for business capability

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon