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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...

Bermuda’s willingness to name and shame financial institutions that fail to adequately comply with money-laundering regulations and controls has been positively highlighted overseas. And it has been contrasted with a Canadian authority’s unwillingnes...

Bermuda financial watchdogs have slapped a $1.5 million fine on financial services firm Sun Life Financial Investments for failing to comply with anti-money laundering and antiterrorist financing laws. And the Bermuda Monetary Authority has banned th...

The Bermuda Monetary Authority has signed a Memorandum of Understanding with the European Insurance and Occupational Pensions Authority. The MoU provides the framework for regular exchanges of information, and sets forth the basis for further co-oper...

Bermuda’s financial watchdog has signed up three new graduate trainees. The Bermuda Monetary Authority has taken on Shae James, Aisha Jones and James Howard on the three-year programme, designed to prepare graduates for a career in financial regulati...

Top officials from Bermuda Monetary Authority hosted the leading US insurance regulators’ organisation on the island. It was the first bilateral meeting between the BMA and National Association of Insurance Regulators since the two organisations sign...

The Bermuda Monetary Authority registered a total of four new insurance companies last month. Zurich Management (Bermuda), Kuvare Life Re, Offshore Reinsurer (Bermuda) and Windhaven Insurance all joined the BMA register. The year to October showed a ...

Two insurance registrations were confirmed by the Bermuda Monetary Authority last month. Excelsior Insurance Limited, and New England Pediatrics Indemnity, both Class 2 insurers, were confirmed. In the year-to-date, the BMA has confirmed the registr...

Bermuda firm Barrington Investments has been slapped with a $50,000 fine by the Bermuda Monetary Authority for regulatory breaches. And the financial services regulator has restricted the company from taking on additional business until it gets its h...

New legislation providing the Bermuda Monetary Authority with enhanced powers to regulate the investment fund industry has been passed by MPs. The Investment Funds Amendment Act received bipartisan support as it was debated in the House of Assembly o...

Island financial regulator the Bermuda Monetary Authority pulled in more than $44 million in fees and other revenue last year. Supervisory and licensing fees totalled $38.4 million, while incorporation fees, vault commission and other income amounted...