Bermuda: Corporate Governance

The Bermuda Monetary Authority has completed its consultation on proposed new rules for the supervision of Internationally Active Insurance Groups, introducing enhanced qualitative requirements aligned with the Common Framework for the Supervision of IAIGs. These proposals would establish strengthened standards for corporate governance, risk management, liquidity oversight, and supervisory reporting for insurance groups operating across multiple jurisdictions.

The Bermuda Monetary Authority is implementing new Insurance (Internationally Active Group Supervision) Rules 2026 to align Bermuda's regulatory framework with international standards for Internationally Active Insurance Groups set by the IAIS. These proposed rules introduce enhanced governance, risk management, and reporting requirements for IAIGs domiciled in Bermuda, with final rules expected in Q4 2026 following a consultation period that closed on September 30, 2026.

The Bermuda Monetary Authority has published a consultation paper outlining the first phase of a resolution regime for the commercial insurance sector, designed to align with international standards. The framework establishes the BMA as the Resolution Authority with five core objectives and defines which insurers will fall within scope. This phased approach raises important questions about governance, recovery planning, and the practical implications for domestic insurers and Internationally Active Insuranc

The Beneficial Ownership Act 2025 consolidates Bermuda's beneficial ownership regime into comprehensive legislation that enhances transparency requirements to align with international standards. This guide examines the key obligations for Bermuda entities, including identification and verification requirements, maintenance of beneficial ownership registers, and filing obligations with the Registrar of Companies. Understanding these requirements is essential for entities operating in Bermuda to ensure compli

The legal profession faces a fundamental shift as artificial intelligence transforms traditional practice methods, enabling rapid analysis of vast legal resources and document creation.

Bermuda insurers face complex regulatory requirements when establishing outsourcing arrangements, requiring careful attention to governance frameworks, risk management protocols, and ongoing oversight obligations.

The sudden collapse of Lehman Brothers in September 2008 sent shockwaves around the globe. As the largest insolvency in history, Lehman's collapse was a pivotal moment in the 2007-2008...

Corporate governance is an enterprise-wide endeavour that addresses all aspects of an organisation. Obviously, the most material, if not critical, aspects of the organisation should receive...

The Global is Appleby's quarterly collection of expert insights and analysis on the latest developments in offshore corporate law.