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Invest Barbados
Barbados has been an established captive insurance jurisdiction since the 1980s.
In December 2020, as part of its review to update Bermuda's commercial insurance regime, the Bermuda Monetary Authority (BMA) issued a consultation paper proposing the introduction...
What a year it has been since our last Insurance Bulletin in March 2020. Although the full impact of Covid-19 on the re/insurance industry remains unclear the need to retain capital...
Catastrophe bonds played a bigger role backstopping the insurance sector at recent reinsurance renewals as other sources of capacity contracted and returns rose for cat bond investors.
Executive Director, Sherman Taylor highlights why Bermuda is the natural domicile of choice for captive insurers in the final part of this three-part series shining a spotlight on captive insurance...
British Virgin Islands
O'Neal Webster
Insurance Code of Conduct for BVI domestic insurers, insurance intermediaries, and loss adjusters to take effect July 6, 2021...
Cayman Islands
The Cayman Islands Monetary Authority ("CIMA") has issued a new Regulatory Policy on Licensing for Class B Insurers, effective immediately, which sets out CIMA's expectations...
A very warm welcome to our fourth issue of Conyers Coverage. This issue focuses on the evolution of the Cayman Islands insurance industry.
On 15 January 2021, the United Kingdom Supreme Court delivered its judgment on the appeals in the Business Interruption Insurance (BII) test cases between the UK's Financial Conduct Authority and...
The Legal Services Act, 2020 (the "LSA") was gazetted on 7 January 2021 and is expected to come into force once the Regulations have been finalised and a commencement order issued before the end of February this year.
The Cayman International Reinsurance Companies Association (CIRCA) was founded earlier this year to promote the interests of commercial reinsurers in the Cayman Islands...
The traditional (re)insurance market is continuing to harden and is facing significant headwinds over the next 2-4 underwriting years.
Harris Kyriakides
A recent article of our Insurance and Personal Injury team with title: "Justice in the Insurance sector" has been published in the IN Business Magazine.
European Union
Dillon Eustace
On 1 February 2021, the European Commission published a summary report on its consultation on the review of the Solvency II Directive (2009/138/EC) (the Solvency II Directive).
Harris Kyriakides
The 2009 Motor Insurance Directive is paramount for materialising the fundamental right of freedom of movement for European citizens across the EU.
n order to mitigate the risk of divergent application of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector within the interim period from 10 March 2021, until the application date of the RTS, ...
The Guernsey International Insurance Association (GIIA) and its members have pledged financial support towards the establishment of the Insurance Museum initiative in London.
Hong Kong
Mayer Brown
On 3 May 2021, the Insurance Authority (IA) issued a press release announcing the details of the two-year Pilot Insurance-linked Securities Grant Scheme (Grant Scheme) with the aim to attract...
GVZH Advocates
On 2nd February 2021, the Financial Intelligence Analysis Unit (FIAU) issued an Interpretative Note in relation to the interpretation of Article 2(1)(d)
BSA Ahmad Bin Hezeem & Associates LLP
The insurance brokerage in the UAE, like the rest of the insurance sector, is regulated by the UAE Insurance Authority. This has merged with the UAE Central Bank, which is now the unified regulator...
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