ARTICLE · 21 MAY 1997

Bermuda Market Continuing To Grow

Appleby

Contributor

Appleby

Appleby is a leading offshore law firm. The team of legal specialists advise global public and...

View firm profile

Explore more from Appleby

BermudaStrategy

Author LinkedIn connections

What follows is the text of a joint press release issued by the Registrar of Companies and the Ministry of Finance dated 17th January, 1997:

"An increased level of incorporations and the continued expansion of existing insurers combined to make 1995 one of the best on record for the Bermuda insurance market.

Financial figures recently released by the Registrar of Companies indicate that the market grew sharply in1995, reaching record highs in all statistical categories traditionally used to measure the size of the Island's international insurance industry.

Gross premiums written rose 24% to $23.4 billion while net premiums, which represent the volume of insurance business actually retained by the market, grew to $18.4 billion compared to $14.9 billion in 1994 - an increase of 23%.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

The Behaviour Gap: Why Agentic AI Changes The Foundations Of Financial Regulation

BermudaStrategy

Contumelious Delay Revisited

BermudaStrategy

Kennedys Law LLP

Top 5 Bermuda Publications Of 2023

BermudaStrategy

Time Is Running Out – Investment Business Registration

BermudaStrategy

Legislative And Regulatory Developments In Bermuda For Q2 2022

BermudaStrategy

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

StrategyAppleby

The Behaviour Gap: Why Agentic AI Changes The Foundations Of Financial Regulation

As agentic AI systems gain the ability to make autonomous decisions, they challenge fundamental assumptions about legal accountability and regulatory oversight. This article explores how distributed ledger technology and digital identity frameworks could provide the evidential infrastructure needed to verify and attribute the actions of autonomous systems in regulated environments.

BermudaStrategy

Taxation Of Offshore Trusts And Exempted Entities In Bermuda

BermudaStrategy

Summary Of Economic Substance Requirements In Bermuda, The British Virgin Islands And The Cayman Islands

New regulations in Bermuda, the British Virgin Islands (BVI) and the Cayman Islands came into force at the start of 2019

Economic Substance Requirements In Bermuda, The British Virgin Islands And The Cayman Islands (September 2019)

This article sets out the latest ES Legislation developments in these jurisdictions since the publication of our previous summary of such legislation on 14 May 2019.

BermudaStrategy

Economic Substance Requirements In Bermuda, The British Virgin Islands And The Cayman Islands

Each of the governments of Bermuda, the British Virgin Islands (BVI) and the Cayman Islands has passed legislation that will require certain entities carrying on "relevant activities"

BermudaStrategy

Bermuda Welcomes Digital Asset Business Act 2018

The Digital Asset Business Act 2018 (DABA) became operative on 10 September 2018. The initial application fee is $2,266.

BermudaStrategy

Fund Administration In Bermuda

BermudaStrategy

Bank Of N.T. Butterfield & Son Ltd

Economic Substance Requirements For Bermuda-Based Entities: A Detailed Summary

Further to our Alert of 30 December which outlined recent important amendments to Bermuda's Economic Substance legislation, we are now pleased to provide a more detailed Memorandum on Bermuda's economic substance regime, ...

BermudaStrategy

Economic Substance Update Q1 2020

On 18 February 2020, the Economic and Financial Affairs Council (ECOFIN) announced that Bermuda and the British Virgin Islands (BVI) had been moved to the ‘whitelist'

Economic Substance Q2 2021

Our last quarterly update on the developments of the economic substance regimes in the British Virgin Islands, the Cayman Islands and Bermuda related largely to reporting procedures and deadlines...

Guide To Venture Capital In The Cayman Islands 2026

The Cayman Islands has emerged as the world's premier offshore jurisdiction for venture capital fund formation and cross-border investment structuring, with over 30,900 alternative investment funds managing USD8.2 trillion in assets.

Cayman IslandsFinance and Banking

Guide To Companies In Mauritius

This is the Fourth Edition of the Guide, which we have produced for the information of our clients and professional colleagues. This edition takes account of changes brought about by the Companies Act 2001 and the Financial Services Act 2007.

MauritiusWealth Management

BMA Sets Out Phased Path To A Bermuda Insurance Resolution Regime

The Bermuda Monetary Authority has published a consultation paper outlining the first phase of a resolution regime for the commercial insurance sector, designed to align with international standards. The framework establishes the BMA as the Resolution Authority with five core objectives and defines which insurers will fall within scope. This phased approach raises important questions about governance, recovery planning, and the practical implications for domestic insurers and Internationally Active Insuranc

BermudaInsurance

New CIMA Rules On AML/CFT/CPF Compliance And Financial Sanctions Issued In The Cayman Islands

The Cayman Islands Monetary Authority has published two new Rules introducing binding requirements for regulated financial service providers regarding anti-money laundering, counter-terrorist financing...

Cayman IslandsGovernment, Public Sector

2026 Guide To Blockchain & Crypto-Assets In The Cayman Islands

This guide provides the latest legal information on the evolution and regulation of these markets, licensing and set-up requirements for businesses, cross-border services, decentralised finance...

Cayman IslandsTechnology

Guide To Trusts In The Isle Of Man

The Isle of Man offers wealthy families a politically stable, well-regulated and practical base in which to establish wealth and business succession planning structures. Modern and robust legislation, high-quality professional advisers and service providers, and a reputation for cost-effectiveness, all contribute to the island's attractiveness as a trusts jurisdiction.

Isle of ManWealth Management

Abraaj Group Fraud - Summary Judgment For Receivers Of Secured Lender For Information On The Fraud

The Grand Court has awarded summary judgment to certain limited partners seeking true and full information from the general partner under section 22 of the Exempted Limited Partnership Act.

Cayman IslandsCorporate/Commercial Law

The Long Game: How Bermuda Became The World’s Life Reinsurance Capital

Bermuda has emerged as the dominant global hub for life and annuity reinsurance, now holding over $900 billion in US life and annuity liabilities and accounting for 84% of all US reserves ceded offshore. This analysis examines how the island's sophisticated regulatory framework, purpose-built infrastructure, and commercially engaged regulator have created a structural advantage that extends beyond its traditional catastrophe reinsurance roots into long-dated life business from the US, UK, and Asia.

BermudaInsurance

Asda Equal Pay Claims: Victory For Shop Workers In The Court Of Appeal

Today the Court of Appeal handed down its judgment on comparability in the case of Asda Stores Ltd v Brierley and others [2019] EWCA Civ 44, which is the UK's largest ever private sector equal pay claim.

Isle of ManEmployment and HR

Changes To The Rules On Bermuda Status For Children

The Government of Bermuda has recently introduced changes to assist with the process of verifying and obtaining Bermuda status for children born to parents of Bermudians...

BermudaImmigration