432 results found

What makes the Bermuda market unique? Michael Frith highlights similarities between regional markets and this jurisdiction.

On 2 December 2024, the Bermuda Monetary Authority (BMA) released several key documents to guide insurance entities in their year-end reporting and compliance obligations.

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

This report reviews the catastrophe bond and insurance-linked securities (ILS) market at the end of the third-quarter of 2022, looking at new risk capital issued and the composition of transactions completed during the quarter.

In the wake of the recent outages caused by CrowdStrike's defective software update on July 19, 2024, Bermuda insurance market participants affected by the CrowdStrike...

2020 has been a transformative year in many ways, from extreme weather events to the COVID-19 pandemic, resulting in the discussion on sustainability now taking centre stage.

This year will see a return to growth for the ILS market, with a range of new products helping clients manage new risks more effectively, according to Brad Adderley, partner at Appleby.

As insurance and reinsurance linked investing remains popular among investors and an attractive source of protection to cedents

The Insurance Amendment (No. 2) Act 2018 (the Act) has been passed in both the House of Assembly and the Senate and now awaits royal assent from the Governor.

This case is a reminder that parties can only expect appellate courts to overturn findings of fact by the first instance judge in the rarest of circumstances.

Bermuda has been at the forefront of providing innovative solutions in the insurance industry and boasts the largest Insurance Linked Securities (ILS) ...

Welcome to Uncharted waters: Tackling reinsurers' riskiest exposures. The report explores the most serious risk concerns among the reinsurers that took part in the Insurance Banana Skins Survey 20171, and how to deal with them.

Belvedere Insurance Company Limited (In Liquidation) v. Caliban Holdings Limited, In the Supreme Court of Bermuda Companies (Winding-Up) 1999: No. 80, 26 March 1999 (Mitchell J

This evaluation is not limited to traditional (re)insurance but also broadens out to include the ILS market in which Bermuda is already an established leader.

Bermuda has long been known as a centre of excellence and innovation in the world of (re)insurance.

In March of this year the Investment Business Amendment Act 2022 (Amendment) was passed by the House of Assembly and Senate.