The introduction of a new class of insurer in Bermuda,
"Collateralised Insurers", is expected to be beneficial
to both insurance-linked securities (ILS) funds' and their
investors, according to Sarah Demerling, Partner at law firm
Proposed earlier this year via a consultation paper from the Bermuda Monetary Authority (BMA), the provision for the supervision and regulation of the new Collateralised Insurers class came into effect on August 5th, 2019 as part of the Amendment Act 2019, which came into operation and which amends the Insurance Act 1978.
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