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ARTICLE · 24 AUGUST 2021

BMA Seeks More Seamless Marketplace With ILS Process Enhancements

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Recent changes made by the Bermuda Monetary Authority (BMA) to improve processes specific for catastrophe and mortgage bonds, shows that the island is listening to its clients...

BermudaFinance and Banking
Brad Adderley
Brad Adderley
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Recent changes made by the Bermuda Monetary Authority (BMA) to improve processes specific for catastrophe and mortgage bonds, shows that the island is listening to its clients and being more adaptive in the face of growing competition, according to Brad Adderley, Partner at global law firm Appleby.

The BMA, the financial market regulator for Bermuda,  has made a number of enhancements to its insurance-linked securities (ILS) processes, initially applicable to cat bonds and mortgage bonds with a view to expanding this to sidecars in the future.

To discuss the changes and what this means for both ILS market participants and the Bermuda marketplace, Artemis spoke with Adderley, who has been working with the BMA on this matter.

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