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On 25 May 2007 the Assessment and Licensing Committee (ALC) of the Bermuda Monetary Authority (BMA) commenced operations.

On 12 November 2019 the Bermuda Monetary Authority (BMA) released a notice in response to an increase in enquires in respect of licencing to re/insure cannabis related risk and the recent legalization of cannabis in Canada.

Bermuda maintains its position as one of the world's leading centres for insurance and reinsurance. Almost all global (re)insurers and brokers have a Bermuda presence providing much needed capacity and services to corporate insureds, ceding insurers and self-insured entities.

The global insurance-linked security (ILS) sector continued to grow in 2015, with 49 ILS transactions completed during the year, a new market high.

Appleby has advised Hudson Structured Capital Management Ltd. in respect of the purchase, by its client, of USD 25 million floating rate subordinated notes due 2028 issued by Catalina General Insurance Ltd.

Appleby was instructed by the shareholders of Sandell Holdings Ltd. in connection with the sale of the entire issued share capital of Sandell to Randall & Quilter II

The Notice announced a thoughtful initiative to streamline regulatory processes while maintaining robust prudential standards. The BMA’s objective is to remove unnecessary duplication and administrative friction that does not materially improve supervisory insight or policyholder protection.

The Bermuda Monetary Authority ("BMA") has released its Operational Cyber Risk Management Code of Conduct ("the Code") for the insurance sector.

On 5 August 2019, the Insurance Amendment Act 2019 (the "Amendment Act") came into operation, amending the Insurance Act 1978.

In July 2024, the Bermuda Monetary Authority released its long-awaited guidance note entitled "General Business Insurers with Segregated Accounts and Separate Accounts" which provides the industry with clarity on ...

The Tax Reform Act was designed to clamp down on the escape of foreign profi ts from current taxation and outlined the fi rst provisions for the taxation of offshore US foreign controlled companies.

Rising insurance premium rates, limited capacity with commercial insurance carriers and a looming global recession made 2022 extremely challenging for aviation insurance buyers.

Bermuda's Life Insurance Amendment Act 2014 became operative on 24 June 2014 and makes two key amendments to the Life Insurance Act 1978.