Bermuda: Reinsurance

The Plan provides important insight into the BMA’s regulatory direction, supervisory priorities and emerging developments that will shape how insurers operate going forward and how Bermuda continues to strengthen its regime. We have highlighted key developments that are outlined in the Plan as they relate to the insurance sector and what they mean for insurers conducting business in Bermuda.

The Bermuda Monetary Authority ("BMA") has issued clarifying guidance (the "Notice") on its approach to the prior approval scope and process for new long-term block reinsurance transactions.

This guide provides the latest information on sources of insurance and reinsurance law, overseas-based insurers or reinsurers, making an insurance contract, intermediary involvement...