It remains to be seen if captives will utilise the Bermuda Monetary Authority’s (BMA) insurance regulatory sandbox, according to Mark Allitt, managing director of KPMG (Bermuda)
The BMA experienced a spike in reinsurance registrations in early 2018, receiving 11 reinsurance registrations in the first two months of the year
The Bermuda Monetary Authority welcomed 17 new captive insurers last year, compared to the 13 in 2016
Craig Swan and Marcelo Ramella, two members of the Bermuda Monetary Authority senior management team, have been appointed as co-vice chairs for the new IAIS committees
Paul Scope has been elected as the new chair of the Bermuda Business Development Agency (BDA) and Shelby Weldon has been appointed to the board of directors.
The majority of risk assumed by Bermuda-based captive insurance companies originates in North America, but business lines covered in the jurisdiction remain diverse, according to the BMA Captive and SPI Report 2017
Bermuda’s Solvency II bifurcation was “definitely a success”, according to Jeremy Cox, CEO of the Bermuda Monetary Authority (BMA)
A Bermuda Market Review, providing an overview of the captive insurance industry, is set to be released in the next few weeks, revealed Graham Lamb, assistant director of the BMA
As a key emerging market tapped by captives, how does the cannabis industry address risk and insurance in the face of misconceptions and a challenging federal mandate in the US?
Economic substance legislation was designed to protect the reputation of offshore jurisdictions. Industry experts discuss how Bermuda works to remain compliant
Bermuda has always been at the forefront of innovation in the insurance industry, Stephanie Sanderson of Beesmont explains how the Island is continuing that tradition with its latest developments in insurtech
Tony Weller of Citadel Risk explains why being able to fully fund your cell captive is the most important thing for owners to consider when setting up
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
Appleby and Bermuda are optimistic about the future of Latin American captives. Eduardo Fox explains
Economic changes in Canada have companies considering captives in warmer climes for their insurance coverage. Kim Willey of ASW Law explains
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
As a leader in the captive industry, Bermuda continued to see a year-on-year increase to its captive figures in 2019. Industry experts discuss current market trends, regulation and what to expect for this year
Latin America needs more capacity in its insurance industry and consistent regulation if its economies are going to recover
Bermuda’s captive industry has had to move with the times to keep its place among heavyweight competition...
