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December212018
BMA Releases Alternative Capital Report 2018; Captive Report 2018
HAMILTON, BERMUDA - The Bermuda Monetary Authority (BMA or Authority) today released its
first annual BMA Alternative Capital Report 2018. -
December182018
BMA Publishes Digital Asset Code of Practice for Consultation
HAMILTON, BERMUDA - The Bermuda Monetary Authority (BMA or Authority) has released a draft
Code of Practice for Digital Asset Custody (the Code) for consultation that prescribes measures to ensure a
high le... -
December32018
BMA Releases Latest Cat Risk in Bermuda Report
HAMILTON, BERMUDA - The Bermuda Monetary Authority (BMA or Authority) has released its third annual 'Catastrophe Risk in Bermuda' Report.
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September202018
BMA Outlines Supervisory Approach To Money Laundering And Terrorism Financing Risks In New Paper
HAMILTON, BERMUDA - The Bermuda Monetary Authority (BMA) has published an occasional
paper sharing its experience in developing a framework for identifying, assessing and understanding
money laundering (ML)... -
September172018
BMA Releases Licensing Requirements For Digital Asset Businesses
HAMILTON, BERMUDA - The Bermuda Monetary Authority (BMA or Authority) has released an
Information Bulletin outlining what documentation is required when submitting an application for a digital
asset busines... -
August272018
BMA Hires Senior Advisor, Fintech
HAMILTON, BERMUDA - As stated in the Bermuda Monetary Authority's (BMA) 2018 Business
Plan, the BMA is committed to meeting the evolving and complex financial needs for Bermuda and
maintaining our recogniti... -
July92018
BMA To Serve As Vice Chair On IAIS Financial Crime Task Force
HAMILTON, BERMUDA - The Bermuda Monetary Authority's (BMA) Chief Enforcement Officer Garrett
Byrne has been appointed Vice Chair of the International Association of Insurance Supervisors' (IAIS)
Financial C... -
July32018
BMA Cancels Registration of Intrepidus Insurance Services (Bermuda) Limited
HAMILTON, BERMUDA -The Bermuda Monetary Authority (the Authority) has cancelled the insurance
brokerage registration of Intrepidus Insurance Services (Bermuda) Limited (the Company) pursuant to the
provisio... -
April172018
BMA Highlights Bermuda Market at RIMS Conference
HAMILTON, BERMUDA - 2017 saw increased activity for Bermuda Monetary Authority (BMA or
Authority) with an emphasis on developing global regulatory standards and continued cooperation with
other internationa... -
April22018
BMA Seeing Increased Reinsurance Registrations
HAMILTON, BERMUDA - The Bermuda Monetary Authority (BMA) has experienced a recent uptick in
(re)insurance registrations. -
February72018
Bermuda Captive Market Maintains Attractiveness in 2017
HAMILTON, BERMUDA - Bermuda Monetary Authority (BMA) had a total of 739 active captive insurance licences on its register on 31st December 2017. Seventeen new captives were registered in 2017 (compared to 13 in 2016).
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January242018
Bermuda Monetary Authority To Serve As Co-Vice Chairs On New IAIS Committees
HAMILTON, BERMUDA - Two members of Bermuda Monetary Authority's (BMA) senior management
team will serve as Co-Vice Chairs (the first time at a Committee level) for the International Association of
Insurance... -
January172018
Risks of Initial Coin Offerings
HAMILTON, BERMUDA - Bermuda Monetary Authority (BMA) is committed to providing a regulatory environment for Bermuda's financial services industry that both protects stakeholders and supports innovation.
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December62017
BMA Panel Discusses Financial Stability 10 Years After Financial Upheaval
HAMILTON, BERMUDA - A panel of experts in the financial services world recently addressed the topic: 10 years after the financial upheaval: where does Financial Stability now stand? The occasion was a Bermuda Monetary Au...
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December42017
BMA Captive-SPI Market Report Released
HAMILTON, BERMUDA - Statistics on Bermuda's captive insurance and Special Purpose Insurers (SPIs) market are now available in a published report.
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November302017
Bermuda Foreign Portfolio Holdings Increase in Value
HAMILTON, BERMUDA -The value of Bermuda's foreign portfolio investment assets increased by 8% in 2016 as a result of growth in the insurance sector's total assets.
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November282017
First BMA Macroprudential Risk-Annual Statutory Filings Report Released
HAMILTON, BERMUDA - Bermuda (re)insurers remained profitable and well capitalised in 2016, despite soft pricing, an abundance of capital and competition from the Insurance Linked Securities market according to a new Berm...
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November212017
Bermuda Reinsurers Paid Over $200 Billion to US Customers Since 1997
HAMILTON, BERMUDA - Bermuda reinsurers paid out US$208.7 billion to US policyholders and cedants for large catastrophes, related property insurance and general liability losses over the past 20 years, according to commer...
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November22017
BMA Releases Second Annual Cat Risk Report
HAMILTON, BERMUDA - The resilience of Bermuda's (re)insurance sector to withstand potential catastrophic events strengthened year-on-year, according to a new Bermuda Monetary Authority (BMA) Report.
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October312017
Bermuda Monetary Authority Hosts Shadow Banking Workshop
HAMILTON, BERMUDA - Bermuda Monetary Authority (Authority) hosted the Financial Stability Board's (FSB) Regional Consultative Group of the Americas' (RCGA) Shadow Banking Workshop on 25th and 26th of October, 2017 at Ham...
