Supervision Rules For Internationally Active Insurance Groups Being Proposed By BMA

The Bermuda Monetary Authority (BMA) intends to implement new rules under a new Insurance (Internationally Active Group Supervision) Rules 2026 (Proposed Rules) to align Bermuda’s regulatory framework with international standards for Internationally Active Insurance Groups (IAIGs) set by the IAIS (of which Bermuda is a member). An IAIG is an insurance group who, subject to the BMA’s determination, writes premiums in three or more jurisdictions, has gross written premiums outside of Bermuda of at least 10% of the insurance group’s total gross written premiums and on a three-year rolling average it has total assets of at least $50 billion or its total gross written premiums are at least $10 billion. Following the BMAs’ consultation period on the Proposed Rules that closed on 30 September 2026, final rules are expected in Q4 2026.