Log In

Ricardo Garcia, chief actuary at the Bermuda Monetary Authority, has been appointed to the executive committee of the International Association of Insurance Supervisors. He succeeds BMA chief executive officer Craig Swan in the role. Mr Garcia also s...

American fintech company AlphaPoint has announced its membership in the Bermuda Monetary Authority’s Innovation Hub. The innovation track was established by the BMA to operate as a platform for exchanging ideas and information around the digital tran...

The Bermuda Monetary Authority has appointed Ashley Kibblewhite as director of its banking, trust, corporate services and investments department. The BMA said that it undertook an extensive search in February via a selection committee led by chief ex...

Craig Swan and Donald Scott last week stepped into new roles as chief executive officer and chairman of the board of directors, respectively, at the Bermuda Monetary Authority. Mr Scott has held the position of deputy chairman of the BMA board since ...

A senior adviser at the Bermuda Monetary Authority was a “consummate professional” across many years’ service at the island’s financial services regulator. Marcia Woolridge-Allwood, daughter of the late former tourism minister Jim Woolridge, was “one...

Bermuda’s financial services regulator today denied they had issued a licence to ThinkMarkets companies, the global online brokerage group. The Bermuda Monetary Authority said ThinkMarkets issued a press release on 17 August in which it falsely cla...

Bermuda’s insurance regulators have created an advanced catastrophe bond registration process that puts the island light years ahead of the competition. Cat bond sponsors looking to locate such structures on the island can take advantage of streamlin...

Bermuda (re) insurers paid out $29.3 billion to European Union policyholders and cedants for property and casualty losses and life insurance claims during the five-year period from 2016 to 2020. This is according to commercial market claims data coll...

Africa Specialty Risks, the pan-African focused reinsurance group, has launched a licensed reinsurance entity in Bermuda. ASR Re Limited has been licensed as a Class 3A insurer by the Bermuda Monetary Authority. The Group said it will offer a full su...

Bermuda’s economy and community have benefited from the remarkable growth and advocacy of an insurance industry organisation that today celebrates its tenth anniversary. And the best is yet to come, according to leading figures of the Bermuda Interna...

The Bermuda Monetary Authority has warned that fraudulent cheques have been created in the United States which falsely appear to have been issued from a US bank account operated by the BMA. In a statement, the BMA said: “The Authority wishes to advis...

After becoming a “virtual regulator” during the Covid-19 pandemic, the Bermuda Monetary Authority’s future may be as a hybrid, with both a virtual platform and a physical location. That possibility is highlighted in the BMA’s annual report, which als...