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We refer to the Conyers June 2022 alert in relation to upcoming amendments to the Investment Business Act 2003 (the "IBA"). As noted, the Investment Business (Amendment) Act 2022 was passed on 1 April...

The Government has been engaged in active dialogue with the EU Code of Conduct Group and the OECD during the last 6 months to ensure equivalency with other 2.2 jurisdictions

Appleby Involved in two-thirds of ILS transactions in Bermuda in 2015

The Government has been engaged in active dialogue with the EU Code of Conduct Group and the OECD during the last 6 months to ensure equivalency with other 2.2 jurisdictions.

The Bermuda insurance and reinsurance market continues to go from strength to strength and is well positioned to take advantage of hardening market conditions.

The first company and incorporated segregated account (ISA) to be registered in Bermuda under the Incorporated Segregated Accounts Company Act 2019 (ISAC Act)...

Third-party guarantors of the liabilities of a long-term insurer may be released if the insurer's long-term business is transferred to a new insurer using section 25 of Bermuda's Insurance Act 1978 ("Insurance Act").

The Bermuda Monetary Authority is implementing new Insurance (Internationally Active Group Supervision) Rules 2026 to align Bermuda's regulatory framework with international standards for Internationally Active Insurance Groups set by the IAIS. These proposed rules introduce enhanced governance, risk management, and reporting requirements for IAIGs domiciled in Bermuda, with final rules expected in Q4 2026 following a consultation period that closed on September 30, 2026.

A captive insurance vehicle can be an attractive option for a cruise line, and Bermuda is a premier ‘home port' for such vehicles, according to Gavin Woods, counsel, and Matthew Ebbs-Brewer, senior associate at Appleby.

This started with insurance and capital markets, which led to Bermuda being a leader in insurance-linked securities funds and structures, evolving into private equity and long- term insurance and now fintech and funds.

The Bermuda Captive Conference brought together industry leaders to explore innovation in captive insurance structures, regulatory developments, and the evolving risk landscape.

Executive Director, Sherman Taylor serves on the board of a number of ILS vehicles registered in Bermuda. Below, he provides a unique view of the asset class from a boardroom perspective.*

Bermuda has been at the forefront of innovation since survivors of the Sea Venture shipwreck settled our shores

Welcome to the latest edition of Bermuda Corporate Insurance Brief. Headlines in this edition include:

Bermuda is shortly to introduce new risk-based capital standards for insurance companies. The purpose of the Bermuda Solvency Capital Requirement ("BSCR") is to allow the Bermuda Monetary Authority ("BMA") to analyse the impact and probability of failures among regulated insurers.

Further to the Bermuda Monetary Authority's ("BMA") consultations with respect to proposed enhancements to the regulatory regime for commercial insurers...