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Bermuda’s financial regulator registered 89 new insurance entities last year and saw strong growth in the life reinsurance sector. The Bermuda Monetary Authority (BMA) said four new Class E insurers, each required to have total assets of more than $5...

Bermuda has taken a step closer to getting in line with EU rules on insurance firms’ capital and solvency. The European Insurance and Occupational Pension Authority (EIOPA) endorsed key aspects of the Island’s insurance and reinsurance regulatory reg...

Senators passed a bill yesterday that aims to provide greater enforcement powers to the Bermuda Monetary Authority and cut its financial deficit. The Bermuda Monetary Authority Amendment Bill will allow the Island’s regulatory authority to hike a num...

The insurance market is set to grow to a massive $2 trillion in just over a decade, the chairman of London insurance hub Lloyd’s told a Bermuda conference. John Nelson said that the market stood at $600 billion at the moment — but economic powerhouse...

PRESS RELEASE With keynote speeches by two of London’s best known financial leaders, a star-studded panel featuring some of the most prominent CEOs in Bermuda’s international reinsurance industry and an audience of almost 400 attendees, the 2014 Berm...

Premier Michael Dunkley met John Nelson, chairman of Lloyd’s of London, at the Cabinet Office today. The Lloyd’s boss has been on the Island this week to attend the Bermuda Monetary Authority’s inaugural seminar, held at the Fairmont Southampton yest...

Andrew Bailey, Deputy Governor, Bank of England and CEO, Prudential Regulation Authority, will give the luncheon address at the inaugural Bermuda Monetary Authority (BMA) Seminar next month. The luncheon will be sponsored by the Association of Bermud...

Bermuda Monetary Authority Press release New H1 2014 entities span entire range of financial services, from captives and commercial insurance to new investment funds and related businesses HAMILTON, BERMUDA — First half statistics released today by t...

Bermuda appears to be on pace for another strong year of insurance incorporations, nearly half of which are special purpose insurers (SPIs). The Bermuda Monetary Authority yesterday showed nine new registration confirmations for the month of May, fou...

The Bermuda Monetary Authority (the Authority) confirmed has confirmed that it has signed a Memorandum of Understanding (MoU) with Germany’s financial regulator, the Federal Financial Supervisory Authority (BaFin), in relation to the European Union’s...

The Bermuda Monetary Authority confirmed today that it has signed a Memorandum of Understanding (MoU) with Germany’s financial regulator, the Federal Financial Supervisory Authority (BaFin), in relation to the European Union’s Alternative Investment ...