Monday, October 21, 2024
Mark Richardson

Bermuda licences four more captives in September

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New licences mean the Bermuda Monetary Authority approved the formation of nine...
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Friday, September 13, 2024
Mark Richardson

BMA consulting on updated cell rules

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Biggest changes effect audit requirements, which were detailed in a guidance note...
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Monday, July 15, 2024
Mark Richardson

Flood promoted to new role in BMA

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Timae Flood has spent 15 years at the Bermuda Monetary Authority, including...
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Thursday, March 14, 2024
Mark Richardson

Lloyd’s and the BMA agree to collaboration

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Joint collaboration project will initially focus on innovation through the Lloyd’s Lab...
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Tuesday, February 13, 2024
Mark Richardson

BMA approves first class A captive licence since 2019

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Becomes only the ninth long-term class A captive in Bermuda   The...
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Thursday, January 11, 2024
Mark Richardson

Bermuda registers 16 new captives in 2023

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Zero new captives in December and only six in the whole second...
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Wednesday, December 20, 2023
Mark Richardson

Bermuda registers two captives in November

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Takes the number of Bermuda captives registered in 2023 up to 16...
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Monday, August 21, 2023
Mark Richardson

BMA and White Rock seeking “maximum recovery” for insurers in Vesttoo saga

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Bermuda’s regulator and Aon’s cell vehicle on the island going through the...
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Wednesday, April 12, 2023
Mark Richardson

Bermuda approves one new captive in March

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Was one of seven new insurance companies licenced by the Bermuda Monetary...
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Monday, March 20, 2023
Mark Richardson

BMA appoints chief operating officer

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BMA’s deputy CEO says it is looking to evolve its operational processes,...
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Wednesday, March 01, 2023
Mark Richardson

Bermuda P&I group captive ordered to wind up

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BMA successfully petitioned Bermuda’s Supreme Court after finding various breaches of the...
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Thursday, July 22, 2021
Ross Law

Donald Scott to succeed Cox as BMA chairman

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The Bermuda Monetary Authority (BMA) has appointed their deputy chairman, Donald Scott,...
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Thursday, February 18, 2021
Lauren Ingram

Bermuda has net loss of 35 captives in 2020

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Bermuda has a net loss of 35 captives in 2020, after having...
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Friday, September 04, 2020
Lauren Ingram

BMA appoints insurance director

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The Bermuda Monetary Authority (BMA) has appointed Gerald Gakundi as its Director of...
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Tuesday, January 21, 2020
Lauren Ingram

Two crypto captives launched in Bermuda

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Two cryptocurrency captives have launched in Bermuda, making them the first captives...
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Monday, January 13, 2020
Lauren Ingram

BMA appoints new Deputy CEO

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The Bermuda Monetary Authority (BMA) has appointed Craig Swan as its new...
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Friday, November 15, 2019
Fraser Irving

Canada drives Bermuda cannabis enquiries

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The recent legalisation of cannabis in Canada has driven an increase in...
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Tuesday, June 11, 2019
Fraser Irving

Caterpillar sets up Class B Bermuda captive

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Construction equipment manufacturer Caterpillar has set up a captive in Bermuda, new...
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Wednesday, January 02, 2019
Fraser Irving

Half of new Bermuda formations from automotive, manufacturing, retail – BMA

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Half of all new captive formations in Bermuda came from the automotive,...
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Wednesday, April 26, 2017
Richard Cutcher

Deputies take on Weldon’s role at BMA

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There are no plans to appoint a direct replacement for Shelby Weldon,...
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Tuesday, August 16, 2016
Richard Cutcher

Marsh completes Shelby Weldon coup

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Shelby Weldon, formerly director of licensing and authorisation at the Bermuda Monetary...
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Thursday, June 02, 2016
Jo Cole

Bermuda Report 2016

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Bermuda has a rich history as the world’ leading offshore jurisdictions for...
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Wednesday, April 20, 2016
Richard Cutcher

Bermuda’s Insurance Manager Code of Conduct open for comment

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The Bermuda Monetary Authority (BMA) has published its Insurance Manager Code of...
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Friday, January 15, 2016
Richard Cutcher

Bermuda licenses 22 new captives

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Bermuda, the largest captive insurance domicile in the world, licensed 22 new...
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Wednesday, March 04, 2015
Richard Cutcher

Bermuda at a crossroads in relationship with Europe – Jeremy Cox

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Jeremy Cox, CEO of the Bermuda Monetary Authority (BMA), has used the...
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Wednesday, July 30, 2014
Richard Cutcher

Captive and SPI growth slows in Bermuda

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The Bermuda Monetary Authority (BMA) licensed seven new captives in the first...
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Friday, January 24, 2014
Richard Cutcher

BMA to introduce electronic reporting

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The Bermuda Monetary Authority (BMA) plans to introduce electronic reporting for its...
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Monday, January 20, 2014
Richard Cutcher

BMA insurance registrations up 72%

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Bermuda registered 24 new captives and a record 51 special purpose insurers...
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Friday, January 03, 2014
Richard Cutcher

BMA appoints insurance supervisor

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The Bermuda Monetary Authority (BMA) has appointed Andrew Gibbs as the director...
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Friday, December 13, 2013
Richard Cutcher

Bermuda sees 76% more captives than 2012

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Bermuda has maintained solid growth in its captive insurance sector so far...
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Thursday, October 24, 2013
Richard Cutcher

Bermuda insurance registrations increase

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Bermuda’s insurance company registrations have increased 61% year-on-year. The latest figures from...
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Tuesday, September 17, 2013
Richard Cutcher

BMA accepts NAIC qualified jurisdictions listing

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The Bermuda Monetary Authority (BMA) has accepted its invitation to participate in...
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Tuesday, May 21, 2013
Richard Cutcher

BMA announces senior management team realignment

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The Bermuda Monetary Authority (the Authority) has announced structural changes within its...
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Friday, April 19, 2013
Richard Cutcher

BMA creates new executive role

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The Bermuda Monetary Authority (BMA) has appointed former director of insurance supervision,...
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Wednesday, January 18, 2012
Richard Cutcher

Substantial captive growth reported globally

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Bermuda, Guernsey and Vermont saw substantial growth in captives across 2011.  ...
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Friday, December 16, 2011
Richard Cutcher

Bermuda offered ‘segmented equivalency’ by EC

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Bermuda will not have to apply the most stringent aspects of Solvency...
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Monday, December 12, 2011
Richard Cutcher

Bermuda licenses two new Canadian captives

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Bermuda has reported an increase in Canadian captives looking to domicile in...
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Monday, October 03, 2011
Richard Cutcher

Bermuda benefits from Captive Live clients

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Bermuda believes the world still needs to be educated on the benefits...
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Wednesday, September 28, 2011
Richard Cutcher

Hundreds attend Captive Review’s free US conference

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Captive Live USA, Chicago, had over 400 delegates at the educational conference...
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Tuesday, August 23, 2011
Richard Cutcher

Bermuda sees 30% increase in captive formations

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Bermuda has registered 11 captives out of 31 new insurance companies this...
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Monday, August 22, 2011
Richard Cutcher

Bermudan captives may be spared Solvency II

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A draft report by the European Insurance and Occupational Pensions Authority (EIOPA)...
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Wednesday, August 17, 2011
Richard Cutcher

Bermuda achieves Solvency II principles alignment

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The European Insurance and Occupational Pensions Authority (EIOPA) has indicated that Bermuda’s...
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Thursday, October 28, 2010
Richard Cutcher

BMA consults on risk-based model for long-term insurers

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The Bermuda Monetary Authority (BMA) has issued a consultation paper on long-term...
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Thursday, October 21, 2010
Richard Cutcher

Solvency II not fit for purpose in regulating captives

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The Solvency II Directive (S II) is not appropriate for the regulation...
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Wednesday, July 21, 2010
Richard Cutcher

BMA outlines approach to Solvency II equivalence

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The Bermuda Monetary Authority (BMA) has published details of its proposals for...
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Wednesday, July 21, 2010
Richard Cutcher

BMA fills newly-created COO position

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The Bermuda Monetary Authority (BMA) announced the appointment on 19 July of...
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Tuesday, June 22, 2010
Richard Cutcher

BMA launches internal model for Solvency II

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The Bermuda Monetary Authority has launched a pilot of its internal capital...
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Thursday, June 10, 2010
Richard Cutcher

BMA launches internal model for Solvency II

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The Bermuda Monetary Authority has launched a pilot of its internal capital...
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Tuesday, April 27, 2010
Richard Cutcher

Ready for business

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Ready for business.PDF
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