Bermuda Insurance Management Association (BIMA) News

Bermuda Market Associations Allay Fears of Brexit Contagion

Four leaders of Bermuda market groups quickly issued statements last week to allay any fears that the fallout from the UK’s Brexit vote would hit their market as well. “In a global economy, Bermuda is affected, like other nations, by …

Bermuda Adopts Solvency II ‘Equivalency’ Measures for ‘Open Insurance Markets’

A bulletin from Bermuda notes that the island’s parliament took regulatory action this week to align its regulatory insurance procedures, which it hopes will lead to “recognition by the European Commission as being fully equivalent under the insurance prudential regulatory …