Bermuda Solvency II equivalence News

Bermuda Insurance Industry Expected to Grow by 10.3% Annually Until 2019

The Bermuda insurance industry is projected to grow at a steady pace as a result of new regulations and consistent growth in external business, such as offshore and captive, according to a new report published by London-based business intelligence company …

Bermuda Market Associations Allay Fears of Brexit Contagion

Four leaders of Bermuda market groups quickly issued statements last week to allay any fears that the fallout from the UK’s Brexit vote would hit their market as well. “In a global economy, Bermuda is affected, like other nations, by …

Best Reports Bermuda Inching Toward Solvency II Equivalence

A.M. Best has issued a briefing report, which notes that “Bermuda moved one step closer to achieving Solvency II equivalence on November 26, 2015 when a delegated act regarding the equivalence of the supervisory regime for insurance and reinsurance undertakings …