Mondaq All Regions - Bermuda: Insurance
Conyers
Amendments to the Insurance Act 1978, which became operative on 5 August, have introduced two new classes of insurer and a new category of insurance intermediary.
Kennedys Law LLP
Bermuda's Economic Substance Act 2018 (ESA) and Economic Substance Regulations 2018 (ESR) came into operation on 31 December 2018.
Kennedys Law LLP
These should be good times for the captive insurance sector and for other self-insurance arrangements.
Walkers
On 5 August 2019, the Insurance Amendment Act 2019 (the "Amendment Act") came into operation, amending the Insurance Act 1978.
Appleby
Bermuda's commitment to providing innovative solutions in the ever-evolving insurance marketplace is well-established.
Appleby
The ILS market has broadly welcomed moves by the Bermuda Monetary Authority (BMA) to create a new collateralised insurance vehicle,
Kennedys Law LLP
Despite competition from other jurisdictions, Bermuda continues to be the domicile of choice for alternative capital capacity, with more than half of the share of the global alternative capital market.
Conyers
Bermuda is the world's largest captive domicile with over 700 active captive licences on its register generating approximately US$54 billion in annual gross written premiums.
Kennedys Law LLP
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.
Appleby
Bermuda is a renowned insurance and reinsurance domicile and has enjoyed a long and distinguished history in the area of long-term insurance and reinsurance.
Appleby
The principal legislation governing companies in Bermuda is the Companies Act 1981, as amended (Companies Act), under which the majority of companies in Bermuda are incorporated by registration.
Carey Olsen
On the first of January new requirements for Bermuda general and composite insurers commence to ensure that Bermuda maintains an effective insurance regulatory and supervisory infrastructure.
Kennedys Law LLP
On 31 July 2018, the Bermuda Monetary Authority published revised Bermuda Solvency Capital Requirement (BSCR) models and rules for commercial insurers.
Appleby
Any doubts surrounding the durability of alternative structures have largely been put to bed after ILS' response to 2017 events.
Appleby
Eleven seasoned executives debated the industry's response to the 2017 cat losses and how the relationship between ILS and traditional reinsurers continues to mature and evolve.
Appleby
Insurance-linked securities (ILS) are collateralised products. They are all linked to some kind of collateralised security-whether it's a contractual security, a note, or a preference share,
Appleby
Norton Rose Fulbright have created a guide to provide an overview and practical checklist of ten common regulatory issues for insurance companies on which they are frequently asked to advise upon for key African jurisdictions where most of their clients operate or in which they are interested in expanding.
Kennedys Law LLP
Many Bermuda-registered companies are now subject to new beneficial ownership registration requirements by virtue of the Companies and Limited Liability (Beneficial Ownership) Amendment Act 2017, ...
Conyers
Innovative Insurers and Innovative Intermediaries may be formed as new start-ups or affiliates of existing insurers and operate in a closely controlled environment in the sandbox.
BeesMont Law Limited
Bermuda has always been at the forefront of innovation in the insurance industry, Stephanie Sanderson of Beesmont explains how the Island is continuing that tradition with its latest developments...
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Appleby
Bermuda's commitment to providing innovative solutions in the ever-evolving insurance marketplace is well-established.
Appleby
The ILS market has broadly welcomed moves by the Bermuda Monetary Authority (BMA) to create a new collateralised insurance vehicle,
Walkers
On 5 August 2019, the Insurance Amendment Act 2019 (the "Amendment Act") came into operation, amending the Insurance Act 1978.
Conyers
Bermuda is the world's largest captive domicile with over 700 active captive licences on its register generating approximately US$54 billion in annual gross written premiums.
Appleby
The principal legislation governing companies in Bermuda is the Companies Act 1981, as amended (Companies Act), under which the majority of companies in Bermuda are incorporated by registration.
Kennedys Law LLP
Despite competition from other jurisdictions, Bermuda continues to be the domicile of choice for alternative capital capacity, with more than half of the share of the global alternative capital market.
Appleby
Norton Rose Fulbright have created a guide to provide an overview and practical checklist of ten common regulatory issues for insurance companies on which they are frequently asked to advise upon for key African jurisdictions where most of their clients operate or in which they are interested in expanding.
Appleby
Bermuda is a renowned insurance and reinsurance domicile and has enjoyed a long and distinguished history in the area of long-term insurance and reinsurance.
Kennedys Law LLP
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.
Kennedys Law LLP
On 31 July 2018, the Bermuda Monetary Authority published revised Bermuda Solvency Capital Requirement (BSCR) models and rules for commercial insurers.
Carey Olsen
On the first of January new requirements for Bermuda general and composite insurers commence to ensure that Bermuda maintains an effective insurance regulatory and supervisory infrastructure.
Conyers
Innovative Insurers and Innovative Intermediaries may be formed as new start-ups or affiliates of existing insurers and operate in a closely controlled environment in the sandbox.
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