Bermuda captive insurers - January 2020.

Welcome to the latest edition of Bermuda Corporate Insurance Brief.

The Companies Act 1981 of Bermuda provides procedures by which Bermuda companies may amalgamate or merge both with other Bermuda companies and with companies incorporated in foreign jurisdictions.

The 2024 Bermuda Cyber Risk Management Report, published by the Bermuda Monetary Authority (BMA), evaluates the state of operational cyber risk management across the insurance sector.

On 23 December 2024, the Bermuda Monetary Authority released a Consultation Paper - Proposed Enhancements to Public Disclosure Regime: Public Disclosure of Assets and Liabilities for Commercial Long-term Insurers.

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.

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

Kennedys has recently settled a claim by a Polish citizen for a fraction of the amount claimed by raising arguments in relation to the assessment of loss of a chance and making use of our network of international offices to gather relevant evidence.

Kennedys and its client Carillion scored a major success recently at Sheffield County Court against a claimant represented by Irwin Mitchell.

The BMA released a Notice on 19 February 2026 announcing that it plans on reducing the regulatory burden for insurers while strengthening the efficiency and proportionality of insurance supervision.

The Government of Bermuda recently announced that it was conducting a series of two consultations regarding the possible introduction of corporate income tax that would apply to Bermuda...

In a dispute between a beneficiary and a trustee, access to legal advice received by the trustee can be of paramount importance to the beneficiary's efforts to impeach the trustee's conduct.

The Draft Bill includes a proposed a statutory income tax rate of 15% and includes a robust package of Qualified Refundable Tax Credits (QRTCs) to maintain Bermuda's attractiveness.

In this mini-series of articles, we explore the relationship between sham trusts and illusory trusts, before making the case for dropping "illusory trusts" from the nomenclature of the future.

Bermuda's Personal Information Protection Act 2016 (PIPA) will, when fully operative, represent a significant change in informational privacy law in Bermuda.

Arbitration as a means of resolving international commercial disputes has grown in popularity in recent years as reflected by the reported rise in arbitration filings of more than 3% a year from 2010 to 2019 and a spike of 9.9% in 2020, ...

The Bermuda Monetary Authority (BMA) released an Information Bulletin - Insurance Assessment and Licensing Committee (IALC) Update, on 29 January 2026 outlining updates to its licensing process for insurers (Updated IB).

The Insurance (No. 2) Amendment Act 2019 (Amendment Act) became operative on 31 December 2019.

Mr Ul-Haq and Mrs Parveen were involved in a genuine accident when the Defendant, Mrs Shah drove into the rear of their stationary car at traffic lights. They claimed for minor whiplash injuries.

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