Bermuda: Reinsurance

The Plan provides important insight into the BMA’s regulatory direction, supervisory priorities and emerging developments that will shape how insurers operate going forward and how Bermuda continues to strengthen its regime. We have highlighted key developments that are outlined in the Plan as they relate to the insurance sector and what they mean for insurers conducting business in Bermuda.

We are only a few weeks into the start of 2026 and already there are new and important updates relevant to certain stakeholders operating in Bermuda's insurance and reinsurance industry.

The Cayman Islands Legal Services Act and related Legal Services Regulations (the "LSA") is now fully in force, marking an important development in the regulation of legal services in respect of Cayman Islands law.

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.

The Bermuda Monetary Authority (BMA) has issued an updated notice regarding the Prior Approval of New Long-Term Block Reinsurance Transactions which expands upon the 2024 guidance...

It's been an exceptionally busy and record start to the year for the catastrophe bond sector, and with "everything happening" in the broader insurance-linked securities (ILS) and reinsurance markets.

This guide provides the latest information on sources of insurance and reinsurance law, overseas-based insurers or reinsurers, making an insurance contract, intermediary involvement...

After a robust 2023 for ILS, five experts in this space debated the changing role ILS is playing in the wider risk transfer markets, their views on 2024—and the impact on Bermuda of other domiciles.

Click here to view the Artemis Q4 2023 Catastrophe Bond & ILS Market Report. It's been a record breaking year for the catastrophe bond market, and the momentum is having a positive influence...