Synopsis: The Insurance Amendment Act 2008 (the “Amendment Act”), is expected to come into force shortly and makes a number of important changes in the way Class 3 Bermuda insurers are classified and regulated.
This memorandum summarises briefly the key changes introduced by the Amendment Act for Class 3 insurers. It is prepared for general information only and is not a substitute for specific legal advice.
Available: Memorandum on Insurance Amendment Act 2008 Re: Class 3 Insurers
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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,
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