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Bermuda remains the largest domicile in terms of active captives — a total of 856 as of the end of last year, the Bermuda Monetary Authority said yesterday. And the BMA said despite the tough conditions, the Island’s insurance sector achieved strong ...

Bermuda remains the largest domicile in terms of active captives — a total of 856 as of the end of last year, the Bermuda Monetary Authority said yesterday. And the BMA said despite the tough conditions, the Island’s insurance sector achieved strong ...

Bermuda insurance veteran, and former United Bermuda Party Minister, Gerald Simons has been appointed as the new chairman of the Board of Directors of the Bermuda Monetary Authority (BMA). Mr Simons, who has more than 40 years experience in the secto...

The Bermuda Monetary Authority (BMA) will not apply Solvency II-type regulation to the Island’s captive insurers, the financial regulator stated definitively yesterday. At its annual meeting, the BMA put to rest any question about how its pursuit of ...

A former top US financial regulator is calling for less global regulation, saying that the financial industry is suffering from an “orgy of rule writing”. Former Security and Exchange Commission (SEC) chairman, Richard Breeden, told guests at the BMA...

The former chairman of the US Securities and Exchange Commission will be among the prominent speakers at the Bermuda Monetary Authority’s third International Regulatory Forum next month. Richard C Breeden, who chaired the American regulatory body fr...

The Bermuda Monetary Authority (BMA) will delay implementing Solvency II rules on group capital for an undetermined time. This news comes after months of the authority saying it would stick to the 2014 deadline to implement the capital requirement ru...

The Bermuda Monetary Authority (BMA) has announced it is increasing its recruitment efforts in a bid to attract qualified professionals to join its team of regulators. On Thursday, October 11, the BMA will host an information session at BMA House. Th...