Mondaq All Regions - Bermuda: Insurance
Sedgwick Chudleigh
The Bermuda Monetary Authority ("BMA") has published its second Consultation Paper on the subject of "Policyholder Protection".
Sedgwick Chudleigh
A number of jurisdictions provide for the statutory protection of direct policyholders in a winding-up of an insurer.
Sedgwick Chudleigh
In the light of concerns raised in industry feedback, the Bermuda Monetary Authority (BMA) has decided to postpone the introduction of various adjustments to the Bermuda Solvency Capital Requirement (BSCR) standard formula that were proposed in its November 2016 Consultation Paper.
Sedgwick Chudleigh
The Bribery Act 2016 received Royal Assent on 6 December 2016. When it comes into operation, it will introduce a number of new offences into Bermuda law, including the corporate offence of failure to prevent bribery. Bermuda insurers, insurance managers and insurance agents and brokers will need to introduce policies and procedures necessary to ensure compliance.
Sedgwick Chudleigh
In the not-so-distant past, offshore financial centres ("OFCs") were perceived as having a very light touch when it came to taking enforcement action against regulated entities and individuals.
Conyers Dill & Pearman
The Bermuda insurance and reinsurance sector enjoyed a vibrant 2016, despite markets globally remaining relatively flat.
Conyers Dill & Pearman
We are pleased to present the latest edition of our Bermuda Public Companies Update which features a recap of significant transactions involving Bermuda public companies listed on the NYSE and Nasdaq for the period of Q2 through Q3 2016.
Conyers Dill & Pearman
As a service to our clients, Conyers Dill & Pearman has prepared this Insurance Act 1978 Compendium.
Sedgwick Chudleigh
The EBS framework reduces unnecessary duplication in the insurer's reporting process, by eliminating the pre-existing requirement for two quite different methods of reporting.
Sedgwick Chudleigh
The volume of life reinsurance premiums has recently soared, particularly business ceded from UK long-term insurers.
Sedgwick Chudleigh
Bermuda is home to one of the largest international insurance and reinsurance markets in the world. This article outlines the current regulatory framework for the conduct of insurance and reinsurance business in Bermuda.
Appleby
While few would dare slight Bermuda's beautiful beaches or personable populace, some competing jurisdictions have called into question whether Bermuda's world-leading position as captive domicile of...
Conyers Dill & Pearman
The first half of 2016 has been a significant period for the Bermuda insurance sector.
Appleby
Continuing its recast of the Bermuda regulatory regime applicable to the insurance industry, the Bermuda Monetary Authority...
Conyers Dill & Pearman
What makes the Bermuda market unique? Michael Frith highlights similarities between regional markets and this jurisdiction.
Conyers Dill & Pearman
There is no question that Bermuda has an exceptional reputation as a key global insurance and reinsurance jurisdiction, a reputation it has earned over many decades.
Conyers Dill & Pearman
Bermuda's (Re)Insurance sector has experienced several notable developments over the past year.
Appleby
Bermuda's role as a global risk hub is as strong as ever, explains Tim Faries, Bermuda managing partner, Bermuda group head, and corporate group team leader, insurance at law firm Appleby.
Appleby
Appleby Involved in two-thirds of ILS transactions in Bermuda in 2015
Appleby
Commercial insurers registered under the Insurance Act 1978 (the Act) are now required to establish and maintain a head office in Bermuda in accordance with changes to the Act that came into effect on 1 January 2016.
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Sedgwick Chudleigh
The Bermuda Monetary Authority ("BMA") has published its second Consultation Paper on the subject of "Policyholder Protection".
Sedgwick Chudleigh
In the light of concerns raised in industry feedback, the Bermuda Monetary Authority (BMA) has decided to postpone the introduction of various adjustments to the Bermuda Solvency Capital Requirement (BSCR) standard formula that were proposed in its November 2016 Consultation Paper.
Sedgwick Chudleigh
A number of jurisdictions provide for the statutory protection of direct policyholders in a winding-up of an insurer.
Sedgwick Chudleigh
The Bribery Act 2016 received Royal Assent on 6 December 2016. When it comes into operation, it will introduce a number of new offences into Bermuda law, including the corporate offence of failure to prevent bribery. Bermuda insurers, insurance managers and insurance agents and brokers will need to introduce policies and procedures necessary to ensure compliance.
Sedgwick Chudleigh
The EBS framework reduces unnecessary duplication in the insurer's reporting process, by eliminating the pre-existing requirement for two quite different methods of reporting.
Sedgwick Chudleigh
Bermuda is home to one of the largest international insurance and reinsurance markets in the world. This article outlines the current regulatory framework for the conduct of insurance and reinsurance business in Bermuda.
Sedgwick Chudleigh
In the not-so-distant past, offshore financial centres ("OFCs") were perceived as having a very light touch when it came to taking enforcement action against regulated entities and individuals.
Conyers Dill & Pearman
The Bermuda insurance and reinsurance sector enjoyed a vibrant 2016, despite markets globally remaining relatively flat.
Conyers Dill & Pearman
As a service to our clients, Conyers Dill & Pearman has prepared this Insurance Act 1978 Compendium.
Conyers Dill & Pearman
The first half of 2016 has been a significant period for the Bermuda insurance sector.
Appleby
Continuing its recast of the Bermuda regulatory regime applicable to the insurance industry, the Bermuda Monetary Authority...
Sedgwick Chudleigh
The volume of life reinsurance premiums has recently soared, particularly business ceded from UK long-term insurers.
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