Lloyd’s has signed a memorandum of understanding (MoU) with the Bermuda Monetary Authority (BMA) with the goal of supporting and sharing knowledge and expertise across the international insurance market.
Bermuda Monetary Authority (BMA) licensed three new captives between January and April 2024, taking the total number in the domicile to 630.
Fitch anticipates that while the majority of insurers will remain in Bermuda, some on the margin may prefer other regulatory regimes with less strict capital standards.
The collaboration aims to foster innovation through the Lloyd’s Lab and improve access to education throughout the Lloyd’s and Bermuda market
The BMA and White Rock Insurance have jointly agreed to a course of action in the Supreme Court of Bermuda
The Bermuda Monetary Authority has appointed Toby Mason as chief operating officer
The guidance note is targeted at ensuring and maintaining financial soundness, the ongoing viability of the insurance sector, and the contribution of commercial insurers to an orderly transition to a net-zero economy
The Bermuda Monetary Authority licensed 17 new captives in 2021, according to the regulator’s latest Annual Report
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With a rise in cannabis businesses looking to captive insurance programmes, Kim Wiley, senior counsel at ASW Law, discusses the reasons behind the interest and some of the challenges that remain
With the Bermuda Captive Conference due to take place virtually again this year, the event chair Leslie Robinson discusses what’s on the agenda this year and the current captive climate in Bermuda
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Members of Bermuda’s captive industry talk to Rebecca Delaney about the island’s promising captive market bolstered by, among other factors, emerging structures and economic substance requirements
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Bermuda’s captive industry has had to move with the times to keep its place among heavyweight competition...
