The Bermuda Islands blow ‘sweet & sour’ on employers’ liability for Internet libel -Computer Law & Security Review 2009

Synopsis: The Bermudian Supreme Court (at first instance) recently ruled in Bermuda Restaurants Limited (t/a “Chopsticks”) v. Jonathan Daspin and ConvergEx Global Markets Ltd. [2009] SC (Bda) 7 Civ v. Jonathan Daspin and ConvergEx Global Markets Ltd. on the issue … Continue reading

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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, The Americas Restructuring and Insolvency Guide – 2008/2009

Synopsis: Bermuda is a major offshore business jurisdiction with more than 13,500 registered companies in the international business sector. In the insurance and reinsurance sector alone there are close to 1,500 companies. Bermuda’s commercial insurance and reinsurance market is one … 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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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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Recognition Woes, The Review – The Bermuda Legal Guide 2008

Synopsis: The United States is a major market for the majority of the reinsurance companies registered in Bermuda and many will have assets and/or creditors in the US. Therefore, whenever any of them enter into liquidation proceedings, or reorganisation proceedings … 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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The Bermuda Legal Guide 2008 – The Review

Authors: Rod S. Attride-Stirling, Neil Horner, Jan Woloniecki, Peter Dunlop and Kehinde George Article: The Review Bermuda Guide 2008

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Getting the Deal Through

Synopsis: The Bermuda Monetary Authority (BMA) has been responsible for regulating all Bermudian financial services industries, including insurance and reinsurance companies, since 2002, when this responsibility was transferred to the BMA from the minister of finance. In practice, the day-to-day … Continue reading

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