Memorandum on Members Voluntary Liquidation of Bermuda Exempted Company – April 2010

Available: ASW MVL Memo 2010

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Bermuda’s Bedrock – The Bermuda Legal Guide 2009

Synopsis: A captive insurance company, in its purest form, is an insurance company established as a subsidiary of a non-insurance entity to insure the risks of its parent entity and/or its affiliates. Bermuda has been and continues to be the … Continue reading

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Worldwide Reinsurance – The Review 2009

Synopsis: 2009 is off to an interesting start in Bermuda. While the outside world descends into economic chaos, the number of new captives formed in the first quarter in Bermuda is up, in comparison to the number for 2008. And … Continue reading

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Special Award for Unsung Hero – July 2009

Synopsis: The man who laid the groundwork for the island’s rise as a leading global reinsurance centre. For 30 years, Bala Nadarajah has been one of the unsung heroes of Bermuda’s insurance and reinsurance sector. Authors: Bala Nadarajah Article: Awards

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Bermuda Insurance Regulation

Available: Bermuda Insurance Regulations for General Business Insurer or Reinsurer

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Regulation of Exempted Companies in Bermuda

Available: Regulation of Exempted Companies in Bermuda

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ASW Newsletter – May 2009

Synopsis: The 2008 Amendment Act introduces new requirements on Bermuda’s highly-capitalised prop cat and excess loss Class 4 carriers to prepare, in addition to statutory financial statements, audited financial statements prepared in accordance with GAAP or IFRS standards. The 2008 … Continue reading

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Bermuda Legal Guide 2009, The Review

Synopsis: A Dangerous Illusion: Cut-through clauses are often used in conjunction with Bermudian captive re/insurance arrangements. For example, a US insured is obliged under its local laws to interpose a local insurer to front much of its insurance business needs … Continue reading

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The Review 2008, Leader of the Pack

Synopsis: The golden thread interweaving the fabric of the Bermuda insurance and reinsurance industry is its regulatory model. This is characterised by a facilitative but responsible approach towards regulation and continues to evolve. Authors: Neil Horner Published: The Review, The … Continue reading

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The Review 2008, Captives, Ideal Conditions

Synopsis: A captive insurance company, in its purest form, is an insurance company established as a subsidiary of a non- insurance entity to insure the risks of its parent entity and or its affiliates. Bermuda has been and continues to … Continue reading

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