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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...

A New York-based global blockchain consortium believes Bermuda could use its reputation to become a “fintech” leader. The Agentic Group has held preliminary meetings with the Bermuda Monetary Authority about Fintech-associated opportunities. Fintech...

Andrew Gibbs is to rejoin the private sector after leaving a top role at the Bermuda Monetary Authority, Mr Gibbs, who was director of insurance supervision at the island’s financial regulator for two years, will join AmTrust International Insurance...

Bermuda’s financial-services regulator is to name and shame people and institutions punished for breaking the rules. The Bermuda Monetary Authority’s adoption of a more public approach to enforcement was outlined by Jeremy Cox, the organisation’s chi...

Bermuda’s financial regulator has hosted a series of meetings of the International Association of Insurance Supervisors for the first time in two years. Marco Ramella, the deputy director for policy and research at the Bermuda Monetary Authority, sai...

Two new insurers, two brokers and one manager had their registrations confirmed by the Bermuda Monetary Authority during January. CAPRI Re Ltd, a special purpose insurer, and Nomura Americas US Re Ltd, a class D insurer, had their registrations appro...

A clone company using the name of a legitimate Bermuda-based firm is suspected to be operating. Kuva Limited, which is found at www.kuvaltd.com, promotes an investment firm which falsely claims to be regulated by the Bermuda Monetary Authority (BMA)....

A clone company using the name of a legitimate Bermuda-based firm is suspected to be operating. Kuva Limited, which is found at www.kuvaltd.com, promotes an investment firm which falsely claims to be regulated by the Bermuda Monetary Authority (BMA)....

The Bermuda Monetary Authority’s (BMA) Marcelo Ramella has been appointed as chairman of the International Association of Insurance Supervisors’ (IAIS) Reinsurance Task Force. Dr Ramella is deputy director, policy and research, with the BMA. The BMA ...

The Bermuda Monetary Authority (BMA) last year registered 64 new insurers and reinsurers — one down on 2014. A total of 22 of the new companies are limited purpose insurers or captives, six up from the 16 registered the previous year. Shelby Weldon, ...

A director of the Bermuda Monetary Authority (BMA) has quit his post. E Barclay Simmons stepped down after nearly nine years on the board of the Island’s financial regulator. Mr Simmons, who is also the manager of ASW Law, resigned from the board due...