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If a person arrives on the island under a work permit with their spouse or partner who is a sponsored dependant, can the sponsored dependant seek employment in Bermuda?

On 4 December 2024, the Bermuda Monetary Authority (BMA) issued its consultation paper entitled "Proposed Enhancements to the Insurance Group Supervision Framework," outlining regulatory updates to

Bermuda has been predominantly known for its thriving insurance market, but there are other areas of business that have seen increased activity helping to reinforce Bermuda as a premier offshore jurisdiction. The registration of aircraft in Bermuda is one such sector that is worthy of mention.

Historically, the predominant IT risk for a financial service enterprise was the possibility that a critical IT component or system would suffer an operational mishap or otherwise simply fail...

Bermuda has been at the forefront of innovation since survivors of the Sea Venture shipwreck settled our shores. Successor generations grew from strength to strength, finding ways to survive on an island with limited natural resources.

Bermuda is one of the leading captive insurance markets in the world with over 600 registered captive insurers writing an impressive ~$30 billion of annual gross written premiums

The Bermuda Monetary Authority has issued new guidance for insurers maintaining segregated accounts, establishing comprehensive requirements for governance, funding, and reporting that take effect in January 2027. How will these enhanced standards reshape policyholder protection and operational compliance for cell-based insurance structures in Bermuda?

A secondary market for ILS can only emerge once the broader market fully embraces electronic platforms, according to Brad Adderley.

Every insurance and reinsurance related event lately has had at least one panel on a particular topic that almost no-one had heard of a couple of years ago: insurtech.

I was admitted as a solicitor in England and Wales in 2012 and worked as a corporate lawyer in England until the opportunity to relocate to Bermuda arose 2017.

Recent insurer registrations reported by the Bermuda Monetary Authority (BMA) show that Bermuda continues to deliver on its established reputation for finding innovative solutions for...

Card answered questions from Bermuda:Re+ILS on cyber insurance, the impact of artificial intelligence and we discussed how the insurance industry is now going through a "profound" technological transformation.

Solvency II, the European initiative to overhaul the capital adequacy regime of the European insurance industry and create an agreed set of capital and risk management requirements, was expected to be in place by January 2013.

The twin, positive impacts of rising prices and much improved terms means that the hardening market environment isn't going away anytime soon...

The island of Bermuda may be in lockdown, but that does not mean that it has shut down completely. Rather, some might say that it has a chance to set the benchmark for working from home efficiently.