Welcome to the latest edition of the Conyers Bermuda Insurance Bulletin. It is hard to believe that the second quarter of the year is well underway! The Bermuda (re)insurance sector has had a strong start to 2025 following a...more
On 4 December 2024, the Bermuda Monetary Authority (BMA) issued its consultation paper entitled “Proposed Enhancements to the Insurance Group Supervision Framework,” outlining regulatory updates to strengthen the BMA’s...more
In Bermuda, our most popular posts and publications provided updates from our Corporate practice, particularly regulatory changes and insurance insights, along with reflections on private client matters and litigation....more
1/3/2025
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British Virgin Islands ,
BVI Business Companies ,
Cayman Islands ,
Commercial Litigation ,
Corporate Governance ,
Corporate Restructuring ,
Corporate Taxes ,
Dispute Resolution ,
Insolvency ,
Insurance Industry ,
Investment ,
Regulatory Agenda ,
Regulatory Requirements ,
Reinsurance ,
Shareholders ,
Special Purpose Vehicles ,
Trusts
Bermuda is the world’s leading domicile for captive insurance companies, with over 600 active captive licences on its register generating over US$24 billion in gross written premium. Having formed the first modern captive in...more
9/19/2024
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Captive Insurance Company ,
Code of Conduct ,
Commercial Insurance Policies ,
Economic Substance Doctrine ,
Insurance Acts ,
Insurance Industry ,
International Tax Issues ,
Popular ,
Regulatory Requirements ,
Regulatory Standards ,
Risk Management
Bermuda formed the first modern captive in 1962 and remains the leading offshore captive domicile, with approximately 700 licenced captives on its register. Bermuda’s captive industry has remained resilient in the face of...more
2/21/2024
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Bermuda ,
Capital Markets ,
Captive Insurance Company ,
Corporate Governance ,
Disclosure ,
Domicile ,
EU ,
FATCA ,
Fund Managers ,
International Tax Issues ,
Investors ,
OECD ,
Solvency II ,
Transparency
In Rising insurance premium rates, limited capacity with commercial insurance carriers and a looming global recession made 2022 extremely challenging for aviation insurance buyers. In this environment, the aviation industry...more
The Bermuda Monetary Authority (BMA) has moved to place emphasis on innovation, with legislation being introduced to promote innovation across the insurance sector.
In mid-2018, changes to the Insurance Act 1978...more
What a year it has been since our last Insurance Bulletin in March 2020. Although the full impact of Covid-19 on the re/insurance industry remains unclear, the need to retain capital to meet potential losses has contributed...more