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The Information Commissioner has upheld a refusal by the Department of Education to release information about an alleged assault by a pupil on the grounds no records had been kept. The decision by Gitanjali Gutierrez was in response to three related ...

The Bermuda Monetary Authority is aware that an internet domain has been registered in the name of www.bmafinancier.com. “While the website is not active, e-mails appear to have been sent from this domain which falsely use the names of individuals a...

The Bermuda Monetary Authority has appointed Gerald Gakundi as director, supervision (insurance). Mr Gakundi has more than 15 years of experience in the insurance industry. After joining the BMA in 2010 as assistant director, supervision (insurance)...

The Bermuda Monetary Authority recorded a budget deficit of $2.55 million last year, its third consecutive annual shortfall, and the seventh in the past decade. It has previously covered budget shortfalls from its general reserve, and last year the r...

The Bermuda Monetary Authority says it expects registered companies in Bermuda to continue to conduct their board meetings by telephone, video conference or other virtual means, where it is not practical to meet physically due to the challenges arisi...

Nine Bermuda reinsurers hit with a number of high catastrophe-loss scenarios would be able to meet all their obligations, a stress test by financial regulators found. Tests conducted jointly by the Bermuda Monetary Authority and Britain’s Prudential ...

A pragmatic approach is being taken by the Bermuda Monetary Authority over companies and institutions that cannot hold board meetings and annual general meetings on the island because of restrictions introduced to combat Covid-19. A BMA spokesman sai...

The Bermuda Monetary Authority has advised that due to the Good Friday holiday on April 10, applications for review by the Assessment and Licensing Committee will be deliberated on April 9. The ALC applications must be submitted no later than 5pm on ...

The Bermuda Monetary Authority has waived the requirement for insurers to hold board meetings on the island during the Covid-19 crisis period. In a statement published on its website today, the financial regulator also granted a one-month filing exte...

Fee increases ranging from single-digit percentage changes, all the way up to a 133 per cent hike in one area, have been made by the Bermuda Monetary Authority. The fee schedule for 2020 for regulated entities came into effect at the start of the yea...

Craig Swan is set to be the new chief executive officer of the Bermuda Monetary Authority next year. In a stepping stone move, he has been appointed deputy CEO. The position was created as part of the BMA’s preparation for the previously announced de...

Bermuda has been awarded reciprocal jurisdiction status by the United States’ National Association of Insurance Commissioners. As a result, Bermuda’s re/insurers will be eligible for zero collateral relief, thereby operating under equal conditions as...