Bermuda's Solvency II Equivalence Advantage

A study of Bermudian English might come across the question "who are your people?"

Those familiar with the parlance of old Bermuda may recognise this as asking for general background information on one or more of: family name, location of homestead, names of parents and occupations, location and or marital status of aunts and uncles, cousins, etc. In essence, the question drives to the root of the respondent's background.

Based on recent efforts in the insurance regulation space, if this question were posed to the Bermuda Monetary Authority (BMA), Bermuda's regulator of financial services, they may very well add "the European Union" in their response. The reason for this is due to the recent development toward Bermuda's equivalence under Solvency II.