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Part I The Bermuda Market and Form, 1 Introduction to the Bermuda Market

David Scorey, Richard Geddes, Chris Harris

From: The Bermuda Form: Interpretation and Dispute Resolution of Excess Liability Insurance (2nd Edition)

David Scorey QC, Richard Geddes, Chris Harris

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 13 July 2024

Contracts and insurance — Policies of insurance

This chapter discusses the environment in which the ‘new’ Bermuda-based international insurers were created in the mid-1980s, and in which the policy forms they chose to implement initially took root and grew. The story of how that took place has been told at length by others. The authors of this work do not propose to duplicate those efforts. By the same token, the continued (and continuing) development of the international Bermuda insurance market represents a much longer story, to be told by others. The chapter instead represents only a brief overview of the circumstances in which the Bermuda Form was created between 1985 and 1986, the commercial context for its introduction into the market, and the now recognised robust international insurance marketplace in Bermuda which has developed over the succeeding thirty years.

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