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Although Brad Adderley, Bermuda Managing partner at Appleby, doesn't expect 2024 to be another record year for the catastrophe bond market, he's impressed with how mainstream the asset class has become.

Bermuda's commitment to providing innovative solutions in the ever-evolving insurance marketplace is well-established.

The Code will help underpin the jurisdiction's claim to regulatory excellence and adherence to international standards.

The catastrophe bond market has officially broken records in H1 2026, with the highest number of deals settling in the first six months of any year.

Bermuda has a long-standing reputation for conservative and effective supervision and regulation in the financial services sector and currently operates one of the largest (re)insurance markets in the world.

For most of us 2017 was the year when we first heard the word "blockchain".

Until 2018, ABS transactions in the aviation sector followed a largely similar structure.

Many people in Bermuda will now have heard of virtual currencies, most likely in conjunction with "Bitcoin".

Briefing Summary:Our investment funds team outline the latest developments within the investment funds market in Bermuda, including updates to the Beneficial Ownership Regime...

The Bermuda Monetary Authority has released a consultation paper on artificial intelligence regulation in financial services, proposing a risk-based framework that extends existing regulatory requirements rather than creating new licensing regimes. Financial institutions now face critical decisions about how to classify AI use cases, implement governance controls, and prepare for heightened scrutiny of generative and agentic AI systems before the October 30 feedback deadline.

Embedded supervision refers to automated monitoring of compliance with a regulatory framework by a decentralised finance ("DeFi") platform. This is achieved through monitoring tools embedded in the decentralised ledger...

Bermuda is no exception. For specified business activities in Bermuda, which include banking, insurance, fund management, financing and leasing, corporate headquarters, among others...

The Bermuda Monetary Authority conducts AML/ATF onsite supervisory visits on regulated entities across all sectors.

The English Court of Appeal has delivered a judgment in the case of Dadourian Group International Inc. v Simms, in which it has for the first time set out comprehensive guidelines in relation to an application for leave to enforce abroad a worldwide asset-freezing order granted by a local court.

The International Capital Markets Association (ICMA), the membership organisation which promotes the development of the international capital and securities markets...

In the last Appleby Asia Alert, we looked at amendments to Bermuda's economic substance regime that brought all partnerships, including those which do not elect to have separate legal personality...

A focus on the crucial and enabling role that technology plays across all financial service sectors is among the most notable objectives discussed in the business plan for 2025 published by the Bermuda Monetary Authority.