Proposed Supervision Rules For Internationally Active Insurance Groups

The Bermuda Monetary Authority (BMA) has completed its consultation on proposed new rules, the Insurance (Internationally Active Insurance Group Supervision) Rules 2026 (the “Proposed Rules”) for the supervision of Internationally Active Insurance Groups (IAIGs). The proposals would introduce enhanced qualitative requirements aligned with the Common Framework for the Supervision of IAIGs (“ComFrame”). ComFrame was adopted by the International Association of Insurance Supervisors in 2019 and currently applies to 59 IAIGs across 19 jurisdictions, three of which are domiciled in Bermuda.

This alert summarises the key aspects of the consultation and the Proposed Rules and highlights what identified IAIGs should be considering prior to publication of the final Rules, expected in Q4 2026.