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The Bermuda Monetary Authority confirmed the registration of four insurers in September, taking this year’s number of new registrants to 56. The BMA approved two Class E insurers, AeBe ISA Ltd and Agam Bermuda ISAC Ltd, as well as Kemper Bermuda Ltd ...

The island’s financial regulator gave back to the public and helped to clear litter across Bermuda. The Bermuda Monetary Authority partnered with Keep Bermuda Beautiful for its first Community Day, which saw 150 authority staff volunteer. Craig Swan,...

Bermuda’s banking sector recorded net after-tax income of $86.3 million in the second quarter of the year, the Bermuda Monetary Authority has reported. The BMA, in its quarterly banking digest, said that it was an increase of 36.6 per cent, or $23.1 ...

The Bermuda Monetary Authority’s operational cyber-risk management code of conduct has come into force for banks and deposit companies on the island. The coming into force follows recent amendments to the Banks and Deposit Companies Act 1999, the BMA...

The hard insurance market’s fuelling of growth in the captive insurance market may be reflected in the latest registration figures announced by the Bermuda Monetary Authority. The BMA has confirmed the registration of nine insurers in August, taking ...

The Bermudian-based subsidiary of US-based crypto currency exchange CoinZoom has been granted a license by the Bermuda Monetary Authority. CoinZoom Global Ltd’s license under the Digital Asset Business Act allows the exchange to serve as a trading pl...

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 ...