Mondaq Offshore - Bermuda: Insurance
Appleby
The Bermuda insurance market continues to set the standard for the global industry.
Appleby
The market is moving in the right direction on rates but the landscape is becoming increasingly complex.
Appleby
Indeed, cyber's omnipresence across multiple lines of business has been forcing the industry to re-evaluate its traditional approach to risk.
Walkers
The introduction of a new class of insurer in Bermuda, "Collateralised Insurers", is expected to be beneficial to both insurance-linked securities funds' and their investors, according to Sarah Demerling, Partner at law firm Walkers.
Kennedys Law LLP
Welcome to the latest edition of Bermuda Corporate Insurance Brief.
Kennedys Law LLP
The Code will help underpin the jurisdiction's claim to regulatory excellence and adherence to international standards.
Conyers
Amendments to the Insurance Act 1978, which became operative on 5 August, have introduced two new classes of insurer and a new category of insurance intermediary.
Kennedys Law LLP
Bermuda's Economic Substance Act 2018 (ESA) and Economic Substance Regulations 2018 (ESR) came into operation on 31 December 2018.
Kennedys Law LLP
These should be good times for the captive insurance sector and for other self-insurance arrangements.
Walkers
On 5 August 2019, the Insurance Amendment Act 2019 (the "Amendment Act") came into operation, amending the Insurance Act 1978.
Appleby
Bermuda's commitment to providing innovative solutions in the ever-evolving insurance marketplace is well-established.
Appleby
The ILS market has broadly welcomed moves by the Bermuda Monetary Authority (BMA) to create a new collateralised insurance vehicle,
Kennedys Law LLP
Despite competition from other jurisdictions, Bermuda continues to be the domicile of choice for alternative capital capacity, with more than half of the share of the global alternative capital market.
Conyers
Bermuda is the world's largest captive domicile with over 700 active captive licences on its register generating approximately US$54 billion in annual gross written premiums.
Kennedys Law LLP
Bermuda maintains its position as one of the world's leading centres for insurance and reinsurance. Almost all global (re)insurers and brokers have a Bermuda presence providing much needed capacity and services to corporate insureds, ceding insurers and self-insured entities.
Appleby
Bermuda is a renowned insurance and reinsurance domicile and has enjoyed a long and distinguished history in the area of long-term insurance and reinsurance.
Appleby
The principal legislation governing companies in Bermuda is the Companies Act 1981, as amended (Companies Act), under which the majority of companies in Bermuda are incorporated by registration.
Carey Olsen
On the first of January new requirements for Bermuda general and composite insurers commence to ensure that Bermuda maintains an effective insurance regulatory and supervisory infrastructure.
Kennedys Law LLP
On 31 July 2018, the Bermuda Monetary Authority published revised Bermuda Solvency Capital Requirement (BSCR) models and rules for commercial insurers.
Appleby
Any doubts surrounding the durability of alternative structures have largely been put to bed after ILS' response to 2017 events.
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Kennedys Law LLP
These should be good times for the captive insurance sector and for other self-insurance arrangements.
Kennedys Law LLP
Bermuda's Economic Substance Act 2018 (ESA) and Economic Substance Regulations 2018 (ESR) came into operation on 31 December 2018.
Conyers
Amendments to the Insurance Act 1978, which became operative on 5 August, have introduced two new classes of insurer and a new category of insurance intermediary.
Kennedys Law LLP
The Code will help underpin the jurisdiction's claim to regulatory excellence and adherence to international standards.
Kennedys Law LLP
Welcome to the latest edition of Bermuda Corporate Insurance Brief.
Walkers
On 5 August 2019, the Insurance Amendment Act 2019 (the "Amendment Act") came into operation, amending the Insurance Act 1978.
Conyers
Bermuda is the world's largest captive domicile with over 700 active captive licences on its register generating approximately US$54 billion in annual gross written premiums.
Appleby
Bermuda's commitment to providing innovative solutions in the ever-evolving insurance marketplace is well-established.
Appleby
The ILS market has broadly welcomed moves by the Bermuda Monetary Authority (BMA) to create a new collateralised insurance vehicle,
Appleby
The principal legislation governing companies in Bermuda is the Companies Act 1981, as amended (Companies Act), under which the majority of companies in Bermuda are incorporated by registration.
Appleby
Norton Rose Fulbright have created a guide to provide an overview and practical checklist of ten common regulatory issues for insurance companies on which they are frequently asked to advise upon for key African jurisdictions where most of their clients operate or in which they are interested in expanding.
Kennedys Law LLP
Despite competition from other jurisdictions, Bermuda continues to be the domicile of choice for alternative capital capacity, with more than half of the share of the global alternative capital market.
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