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The Bermuda Monetary Authority has released its business plan for 2023

Fifteen new re/insurers were registered in December to take the total for 2022 to levels not seen in almost a decade

A staff donation drive at the Bermuda Monetary Authority has collected more than 350 items of clothing and supplies for the residents of six government-run nursing homes across the island. The donations will be distributed to residents with the great...

Bermuda’s nascent fintech sector has experienced its fair share of failures in the past four years and is now feeling the effects of the high-profile collapse of FTX, the world’s second-largest cryptocurrency exchange. Sam Strangeways reports on ...

An Australian cryptocurrency executive extradited to the United States from Bermuda has been sentenced to a year’s probation and a $150,000 fine after he admitted breaching an anti-money laundering law. Gregory Dwyer, 39, who was head of business dev...

Bermuda’s fintech sector is small but thriving under the watchful gaze of the island’s financial regulator, according to industry professionals. The Royal Gazette spoke with many of the 16 companies licensed under the Digital Asset Business Act 2...

The Bermuda International Long Term Insurers and Reinsurers has welcomed the decision of the Bermuda Monetary Authority to make targeted enhancements to regulatory and supervisory regimes for commercial insurers. The BMA said the enhancements mostly ...

A Bill that aims to update the classification of securities — financial instruments such as any share of stocks on a company, bonds or debentures — under the Bermuda Monetary Authority Act 1969 was passed in the House of Assembly on Friday. In readin...

Bermudian-based re/insurers estimate that they will incur gross claim losses of more than $13 billion in payments to policyholders and cedants in the United States to cover the damaging effects of Hurricane Ian. The hurricane made landfall in Florida...

The Bermuda Monetary Authority and two of its employees are being sued for damages of $25 million by a Delaware-domiciled company over allegations relating to its application to acquire a controlling interest in Bermuda’s Citadel Reinsurance Company ...

More than half of insurance groups and the broader commercial market plan on using artificial intelligence/machine learning within the next five years, the Bermuda Monetary Authority has reported. The information is included in the Bermuda Insurance ...

Bermuda is on track for a good year in terms of insurance company registrations. Statistics released by the Bermuda Monetary Authority reveal there have been 63 new registrations to date including two intermediaries, compared with a total of 65 last...