Log In

Two senior members of the management team at the Bermuda Monetary Authority are to serve as co-vice chairmen within the International Association of Insurance Supervisors. Craig Swan and Marcelo Ramella will be on committees that have been created as...

Bermuda’s financial-services regulator has warned that unregulated initial coin offerings have no investor protection. The Bermuda Monetary Authority said many ICOs — the name given to launches of new cryptocurrencies or tokens — fell outside its reg...

The Financial Policy Council has advised the Bermuda Government to take a proactive approach in dealing with risks to the island’s economy emanating from the “Paradise Papers”. Bermuda Monetary Authority, the financial regulator, hosted the sixth me...

Ten years after the start of the global financial crisis that shook the world, a panel of experts discussed the issue of where financial stability is today. The topic was explored at a Bermuda Monetary Authority industry event, held following the con...

The profitability and diversity of Bermuda’s captive insurance market and special purpose insurers has been highlighted in a new report. It shows that in 2016, Bermuda captives assumed 62 per cent of their risk in North America, and 25 per cent in Eu...

Bermuda’s re/insurers have paid out a staggering $208.7 billion to US customers alone over the past 20 years. And the industry is paying out a further $31.2 billion in relation to this year’s major hurricanes, Harvey, Irma and Maria, for which the is...

Bermuda Monetary Authority hosted the Financial Stability Board’s (FSB) Regional Consultative Group of the Americas’ (RCGA) Shadow Banking Workshop. The workshop took place at the Hamilton Princess last week. Marcelo Ramella, deputy director of finan...

A Bermudian-registered investment fund has been ordered by the Supreme Court to wind up because the island’s financial regulator found it had breached several regulations. The Bermuda Monetary Authority petitioned the Supreme Court to wind up Cumulus...

A total of seven new insurance companies were last month registered by the Bermuda Monetary Authority. Five of the seven were special purpose insurers used as vehicles for insurance-linked securities. The BMA monthly statistics for April brings this ...

Britain’s imminent departure from the European Union should not impact Bermuda’s ability to successfully negotiate with the EU on matters of regulation and securing fair access to the EU market for the island’s insurance and financial services sector...

Bermuda’s share of net premiums in re/insurance dropped by $7.7 billion to $108.5 billion between 2014 and 2015. The latest figures from the Bermuda Monetary Authority added that capital held fell, but that total assets went up. Capital held dropped ...

Bermuda’s financial watchdog has added the KA Trading Corporation to its warning list of unauthorised firms. The Bermuda Monetary Authority said KA had been offering its services as an investment business via a Facebook page. “The public should be aw...