Log In

The Governor’s assent to a Bill that amends the 1969 Bermuda Monetary Authority Act brings in force changes to the authority’s oversight with respect to the conduct of the business of financial institutions. Craig Swan, the authority’s chief executi...

An American biosciences company has launched Aanika Re in Bermuda with initial backing from Adit Ventures, the global venture capital firm. Aanika Biosciences was accepted into the Bermuda Monetary Authority’s “innovation hub” earlier this year, maki...

Legislation designed to protect financial service customers was passed in the Senate. The Bermuda Monetary Authority Amendment Act 2022 will mean that the BMA’s principal 1969 Act will include, among its main objectives, an aim to promote consumer p...

The Government will have the ability to dictate to banks what fees they can impose on customers under legislation passed in the House of Assembly on Friday. The Banks and Deposit Companies Amendment Act 2022 will also enable the Minister of Finance –...

The Bermuda Monetary Authority has issued a public warning regarding Renfrew Capital Management. The BMA said Renfrew is operating a website at http://renfrewcapitalmgmt.co/ that appears to offer investment services from Bermuda and Ireland. The isla...

Legislation passed by MPs in the House of Assembly on Friday is expected to protect financial services customers. The Bermuda Monetary Authority Amendment Act 2022 will mean that the BMA’s principal 1969 Act will include among its main objectives an ...

The Bermuda Monetary Authority confirmed the registration of five insurers in May, taking this year’s number of new registrants to 32. The BMA approved two restricted special purpose insurers – Eagle Re 2022-1 Ltd and Marlin Re Ltd – as well as Frees...

Bermuda’s long-term re/insurance market has grown considerably in recent years. The island now has 144 registered long-term re/insurers and the sector’s assets have increased by 200 per cent over the past five years, according to the Bermuda Monetary...

The net income of the Bermuda Monetary Authority increased eighteenfold in 2021 after its regulatory fees increased by $11 million, according to its annual report. The BMA, Bermuda’s independent financial services regulator, had net comprehensive in...

The Bermuda Monetary Authority confirmed the registration of seven insurers in April, taking this year’s number of new registrants to 27. The BMA approved three restricted special purpose insurers – Gateway Re Ltd, Long Point Re IV Ltd and Yosemite R...

Nayms has graduated from the Bermuda Monetary Authority’s regulatory sandbox to become the world’s first, fully regulated crypto-native insurance marketplace, the Bermuda Business Development Agency announced. The BDA said Nayms bridges legacy insura...

The Bermuda Monetary Authority has extended the deadline for insurers to respond to a data call by the organisation. The original deadline of May 31 has been extended to June 30. The BMA has also revised the scope of its call for information from ins...