Bermuda: Insurance Laws and Products

The Companies Act 1981, as amended (the "Companies Act") provides for the establishment of companies, including those which will carry on business mainly outside of Bermuda.

The Bermuda Monetary Authority (BMA) has recently published instructions for a significant data collection exercise: the 2025 Global Financial Crisis (GFC) Stress Test.

After a record-breaking 2024, Bermuda's life reinsurance sector is likely to expand further this year, according to Brad Adderley.

After a record-breaking 2024, Bermuda's life reinsurance sector is likely to expand further this year, according to Brad Adderley.

The Bermuda Monetary Authority (the "Authority") has issued a guidance note effective January 1, 2025, the aim of which is to ensure stakeholders have a clear understanding of the regulatory regime for segregated accounts and separate account companies in Bermuda.

The Bermuda Monetary Authority ("BMA") has issued clarifying guidance (the "Notice") on its approach to the prior approval scope and process for new long-term block reinsurance transactions.