Key Insurance Regulatory Updates

We are only a few weeks into the start of 2026 and already there are new and important updates relevant to certain stakeholders operating in Bermuda's insurance and reinsurance industry. In particular, we wish to highlight the new changes which now apply to those who are registered as Class C, D or E insurers, and to those who form or may form part of an insurance group.

Class C, D and E Prudential Rule Amendments

The Insurance (Prudential Standards) (Class C, D and E Solvency Requirement) Amendment Rules 2025 became operative on 1 January 2026 and amended the Insurance (Prudential Standards) (Class C, Class D and Class E Solvency Requirement) Rules 2011 (the "Rules") to require that all Class C, D and E insurers (other than those carrying on domestic business) prepare and file an asset and liability statement as part of the applicable year-end filing period. The relevant statement should be signed by the insurer's chief executive officer and a senior