Bermuda Insurance Regulation

Available: Bermuda Insurance Regulations for General Business Insurer or Reinsurer

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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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Inside Comment, Bermudian Opportunities – November/December 2008

Synopsis: Bermuda, despite being one of the largest (re)insurance markets in the world, has been a comparatively under-used fac market. The US and London property and casualty fac markets remain the more attractive and popular sisters of the Bermuda market, … Continue reading

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Reinsurance, Showing an Interest in Common Account Protections

Synopsis: The interest that this summer’s English Commercial Court interim decision in Equitas Ltd v Allstate Insurance Company [2008] EWHC 1671 (Comm) (17 July 2008) brought, highlights the death of legal guidance on the mechanisms of excess of loss reinsurance … 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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Bermuda’s Captive Edge

Synopsis: As the world increasingly looks to Bermuda as a captive domicile, Neil Horner and Federico Candiolo consider the advantages of forming a captive in the jurisdiction. Authors: Neil Horner and Federico Candiolo Article: Bermuda’s Captive Edge

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The Bermuda Advantage

Synopsis: This memorandum considers some of the features of the Bermuda vehicles available to transaction parties and sets out some of the reasons why clients opt for the Bermuda advantage. Core benefits of Bermuda include the reputational excellence of the … Continue reading

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An Electronic Odyssey

Synopsis: While computers and email have undoubtedly made the world a smaller place, Peter Dunlop asks whether technological innovations are a help or a hindrance to international arbitrations. Authors: Peter Dunlop Published: The Review, The Bermuda Guide 2008 Article: An … Continue reading

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