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A senior adviser at the Bermuda Monetary Authority was a “consummate professional” across many years’ service at the island’s financial services regulator. Marcia Woolridge-Allwood, daughter of the late former tourism minister Jim Woolridge, was “one...

Bermuda’s financial services regulator today denied they had issued a licence to ThinkMarkets companies, the global online brokerage group. The Bermuda Monetary Authority said ThinkMarkets issued a press release on 17 August in which it falsely cla...

Bermuda’s insurance regulators have created an advanced catastrophe bond registration process that puts the island light years ahead of the competition. Cat bond sponsors looking to locate such structures on the island can take advantage of streamlin...

Bermuda (re) insurers paid out $29.3 billion to European Union policyholders and cedants for property and casualty losses and life insurance claims during the five-year period from 2016 to 2020. This is according to commercial market claims data coll...

Africa Specialty Risks, the pan-African focused reinsurance group, has launched a licensed reinsurance entity in Bermuda. ASR Re Limited has been licensed as a Class 3A insurer by the Bermuda Monetary Authority. The Group said it will offer a full su...

Bermuda’s economy and community have benefited from the remarkable growth and advocacy of an insurance industry organisation that today celebrates its tenth anniversary. And the best is yet to come, according to leading figures of the Bermuda Interna...

The Bermuda Monetary Authority has warned that fraudulent cheques have been created in the United States which falsely appear to have been issued from a US bank account operated by the BMA. In a statement, the BMA said: “The Authority wishes to advis...

After becoming a “virtual regulator” during the Covid-19 pandemic, the Bermuda Monetary Authority’s future may be as a hybrid, with both a virtual platform and a physical location. That possibility is highlighted in the BMA’s annual report, which als...

The Bermuda Monetary Authority is to increase its focus on climate change matters with the introduction of a regulatory and supervisory team specialising in the licensing and supervision of innovative business model proposals to address climate chang...

Bermudian financial services industry veteran Shelby Weldon has been appointed executive director of the Bermuda International Long Term Insurers and Reinsurers. Mr Weldon, who has more than 30 years’ experience as an accountant, regulator and insura...

Business travel has been estimated to represent about half of the greenhouse gas emissions created by many businesses. As awareness of climate change risk increases at boardroom and top management level among companies in Bermuda’s insurance and rein...

The Bermuda Monetary Authority and the Wyoming Division of Banking announced today their joint Digital Assets Memorandum of Understanding. The BMA said the MoU creates a framework under which the BMA and the WDOB can co-operate to facilitate the esta...