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September52024
Testing Record for new structure
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s
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April52024
BMA 2024 Business Plan
HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) released its 2024 Business Plan today.
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March82022
Press Release - Fraudulent E-Mail
HAMILTON, BERMUDA – On Tuesday 8 March 2022, the Bermuda Monetary Authority (Authority or BMA) was made aware of a fraudulent e-mail targeted at Bermuda’s financial services entities which falsely gives that appearance o...
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February22022
Press Release - Bermuda Monetary Authority Cancels Insurance Registration of Signify Insurance Ltd.
HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) has cancelled the insurance registration of Signify Insurance Ltd. (Company), a Class 1 insurer, for breaches of the Insurance Act 1978 (Insurance Act...
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February22022
Press Release - BMA Issues Order of Prohibition
HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA), exercising its powers pursuant to the provisions of Section 32H of the Insurance Act 1978 (Insurance Act) has issued an order of prohibition against...
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January172022
Press Release - BMA Business Plan - 2022
HAMILTON, BERMUDA – Today, the Bermuda Monetary Authority (Authority or BMA) released its 2022 Business Plan. The document synopsises the Authority’s objectives and initiatives for the year ahead.
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December162021
Press Release - Bermuda Reinsurers Losses Survey - Hurricane Ida
HAMILTON, BERMUDA – Bermuda (re)insurers estimate that they will incur gross claim losses of US$6 billion as payments to United States (US) policyholders and cedants to cover the damaging effects of Hurricane Ida, which...
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December162021
BMA Holiday Hours
Please be advised that the BMA will be closed from 3 p.m. on Friday, 24 December 2021 and will resume operations on Wednesday, 29 December 2021 at 8:30 a.m. The BMA will also be closed on Monday, 3 January, 2022 to obser...
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November152021
Press Release - BMA Chief Actuary Appointed to IAIS Executive Committee
HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) announced today that
Chief Actuary, Ricardo Garcia, who also serves as Vice-Chair of the International Association of Insurance
Supervis... -
November42021
Press Release - BMA Releases 2020 Captive Report
The Bermuda Monetary Authority (Authority or BMA) released the 2020 BMA Captive Report today. This report highlights the market results from the 2019 year-end statutory financial returns by general business captive insur...
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October112021
Press Release - BMA Announces New BTCSI Director
HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) announced today that Ashley Kibblewhite has been appointed as the Director of its Banking, Trust, Corporate Services and Investments (BTCSI) Departmen...
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October42021
World Investor Week 2021
Frauds and Scams Prevention
A smart investor:
Avoids “get rich quick” and “can't lose” schemes; if it looks too good to be true, it probably is -
October12021
Press Release - BMA Welcomes New CEO and New Chairman of the Board of Directors
HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) today welcomes Craig
Swan and Donald Scott as they step into their new roles as Chief Executive Officer (CEO) and Chairman of the
Board... -
September292021
Press Release - In Memoriam Virtual Board Available Following the Passing of Marcia Woolridge-Allwood
HAMILTON, BERMUDA – Deeply saddened by the passing of Senior Advisor Marcia Woolridge-Allwood, the Bermuda Monetary Authority (Authority or BMA) has provided an avenue for the financial services industry and associated o...
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September92021
Press Release - Bermuda Reinsurers Claim Payments to UK Policyholders
HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) completed its United Kingdom (UK) Data Claim Survey in June 2021, with the data showing that, during the five-year period from 2016 to 2020, Bermuda (...
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September72021
Press Release - Think Markets Think Capital Limited
The Bermuda Monetary Authority (Authority or BMA) is aware that ThinkMarkets issued a press release on 17 August 2021 in which it falsely claimed to have a licence issued by the Bermuda Monetary Authority.
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August232021
Press Release - United States Remains Bermuda’s Biggest (Re)insurance Partner
HAMILTON, BERMUDA – Bermuda (re)insurers paid out US$209.6 billion to United States (US) policyholders and cedants for large catastrophes, property and casualty losses and life insurance claims during the five-year perio...
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August182021
Press Release - Bermuda (Re)insurers Paid $30 Billion to European Union Customers Since 2016
HAMILTON, BERMUDA – Bermuda (re)insurers paid out US$29.3 billion to European Union (EU) policyholders and cedants for property and casualty losses and life insurance claims during the five-year period from 2016 to 2020....
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August122021
Press Release - Bermuda Monetary Authority Fines Allianz Life Bermuda Limited
HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority) has imposed civil penalties totalling $1,700,000 on ALLIANZ LIFE BERMUDA LIMITED (Company) pursuant to sections 20 and 24A of the Proceeds of Crime (Anti-Mon...
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July232021
Bermuda Reinsurers Provide Relief to US Customers - Texas Winter Storm Uri
HAMILTON, BERMUDA – Bermuda (re)insurers have estimated that they will incur gross claim losses of US$2.7 billion as payments to United States policyholders/cedants to cover the damaging effects of Winter Storm Uri, whic...
