BAM via it captive in Bermuda, builds bespoke life, property, business interruption, and performance insurance for its clients. By building and selling risk via its own captive, BAM is able to cover risk which is greater than what off-the-shelf insurers are willing to accept and sell coverage for risks which conventional insurers are unable to provide coverage for. BAM is also able to provide back-to-back structures which allow a client to purchase large amounts of coverage and then leverage that coverage in the debt market – with BAM acting as market maker.