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The Bermuda Monetary Authority has published a consultation paper outlining the first phase of a resolution regime for the commercial insurance sector, designed to align with international standards. The framework establishes the BMA as the Resolution Authority with five core objectives and defines which insurers will fall within scope. This phased approach raises important questions about governance, recovery planning, and the practical implications for domestic insurers and Internationally Active Insuranc

Brad Adderley, Bermuda managing partner at Appleby, reflects on three decades of market evolution and explains why the island's reinsurance sector continues to expand through innovation in catastrophe bonds, casualty sidecars, life reinsurance, and digital assets. He warns that complacency poses the greatest threat to Bermuda's competitive position and argues that regulatory speed reflects expertise rather than weakness.

The Bermuda Monetary Authority has introduced new sustainability disclosure requirements for investment funds and launched a streamlined Approval in Principle process to accelerate fund registrations. These regulatory developments aim to enhance investor protection while maintaining Bermuda's competitive position in the global investment funds market.