Insurance Regulation

April 7, 1995

Bermuda – Insurance Act 1978, s. 31C – whether requirements of statute mandatory – whether dividend payment illegal   – Belvedere Insurance Company (In Liquidation) v. Caliban Holdings Limited [2001] Bda LR 2
Golden Accumulator Ltd and others v Bermuda Monetary Authority [2004] Bda LR 67 – powers of BMA – disclosure to regulatory authority – right to confidentiality

More Posts

Chambers – Corporate & Finance (ASW Ranked Band 2, Neil Horner Ranked Band 1)

What the team is known for Highly rated corporate group renowned for its proficiency in transactions related to insurance and reinsurance. Ably represents multinational investment funds, insurance corporations and clients in the financial services sector. Enjoys longstanding recognition for its

Chambers – Insurance (ASW Ranked Band 2, Neil Horner Ranked Band 1)

What the team is known for Acclaimed Bermudian practice offering strength in both contentious and non-contentious insurance mandates. Noted for its experienced handling of significant multi-jurisdictional M&A transactions. Provides high-end advice to an array of international and domestic insurance companies,

Amendments to the Bermuda Companies (Winding-up) Rules

On 13 November 2020, the Companies (Winding-Up) Amendment Rules 2020 (the “Amendment Rules”) came into effect and are the first substantive update to the Companies (Winding-Up) Rules 1982 (the “1982 Rules”). The Amendment Rules were developed by the executive committee

Cyber Underwriting Report Issued by Bermuda Monetary Authority – Guidance for Insurers Re Cyber Risk

On February 18, 2021, the Bermuda Monetary Authority (the “BMA”) released its annual Bermuda Cyber Underwriting Report (the “Cyber Report”). While the main focus of the Cyber Report is cyber underwriting, it briefly mentions a few areas of convergence with