Bermuda Archives - Page 5 of 8 - Insurance & Reinsurance

Edwards Angell Palmer & Dodge Half-day CLE Insurance & Reinsurance Seminars – June 2009

May 6, 2009 | Antitrust, Asbestos, Coverage & Claims, D&O Liability, Excess and Surplus Lines, Industry Developments, Privacy/Data Security/Cyber Risk, Product Liability, Regulatory, Reinsurance | Bermuda, United States

Edwards Angell Palmer & Dodge is delighted to announce that it will again this year host a half-day seminar which will be repeated in Bermuda, New York and Boston.

Bermuda: Bermuda Monetary Authority (BMA), Regulatory Update, March 2009

Apr 21, 2009 | Regulatory | Bermuda

The BMA has recently issued a bulletin which reports on its recent activities and on recent developments affecting the financial sector, as well as the community generally. The bulletin includes the following regulatory update on the (re)insurance sector.

Bermuda: Continuing the Regulatory Changes

Apr 21, 2009 | Regulatory | Bermuda

As part of its continued review and update of the regulatory system in Bermuda, the Bermuda Monetary Authority (BMA) has published three papers: a discussion paper on the implementation of a group-wide supervisory framework and a guidance note on Special Purpose Insurers, both published on 31 March 2009, and the road map to mutual recognition published 13 February 2009.

Global Insurance Research Organization Offers Guidance to G20 Members on Regulating the Insurance Industry

Apr 3, 2009 | Regulatory | Bermuda, European Union, Hong Kong, United Kingdom, United States

In a letter to the G20 members, the Geneva Association, an organization comprised of CEOs from the world’s leading insurance and reinsurance companies, provided recommendations for more effective regulation of the insurance and reinsurance industry, along with information and analysis regarding the differences between the insurance and reinsurance industry and that of the banking industry.

IAIS Releases Issues Paper on Group-Wide Solvency Assessment and Supervision

Mar 18, 2009 | Insolvency, Restructuring and Run-Off, Latin American Developments, Regulatory | Bermuda, European Union, Hong Kong, United Kingdom, United States

On March 9, 2009, the International Association of Insurance Supervisors (“IAIS”) released an Issues Paper on Group-Wide Solvency Assessment and Supervision (the “Issues Paper”). The purpose of the Issues Paper is to serve as a framework for the development of future papers providing guidance on group-wide solvency assessment and supervision on a global scale.

Bermuda: Bermuda Monetary Authority reveals its Business Plan for 2009

Jan 30, 2009 | Bermuda

At its inaugural annual meeting on 15 January 2009, the Bermuda Monetary Authority (BMA) published its Business Plan for 2009 (the Plan). This is the second year that the Plan has been made public and demonstrates the continuing drive for transparency in the work of the BMA.

Maiden Holdings Completes Private Placement of Trust Preferred Securities

Jan 23, 2009 | Industry Developments | Bermuda

On January 20, 2009, Maiden Holdings, Ltd. (“Maiden Holdings”), a Bermuda based holding company, completed a private placement of trust preferred securities with a face amount of $260MM through Maiden Holdings North America, Ltd. (“Maiden NA”), wholly-owned subsidiary of Maiden Holdings.

Maiden Acquires GMAC Re

Nov 4, 2008 | Industry Developments, Reinsurance | Bermuda, United States

Maiden Holdings, Ltd., a Bermuda based holding company, and its subsidiary, Maiden Insurance Company, Ltd., a Bermuda reinsurer, on November 3, 2008 acquired the GMAC Re reinsurance business from GMAC LLC.

BMA Issues Regulatory Update for October 2008

Oct 31, 2008 | Regulatory, Solvency II | Bermuda

On 8 August 2008, the Bermuda Monetary Authority (the BMA) announced significant enhancements to Bermuda’s solvency and disclosure regulations for insurance which were intended to help Bermuda achieve recognition as having equivalent regulatory standards to those in Europe (see our previous post here).

BMA Says Bermuda is Well Placed for the Current Challenging Environment in the Financial Markets

Oct 8, 2008 | Industry Developments, Subprime/Credit Crisis Developments | Bermuda

Mr. Matthew Elderfield, CEO of the Bermuda Monetary Authority (BMA), issued a press statement on 7 October 2008 to alleviate concern and uncertainty in Bermuda arising from the widespread instability within the global financial sector.

Jurisdiction: Bermuda

Edwards Angell Palmer & Dodge Half-day CLE Insurance & Reinsurance Seminars – June 2009

Bermuda: Bermuda Monetary Authority (BMA), Regulatory Update, March 2009

Bermuda: Continuing the Regulatory Changes

Global Insurance Research Organization Offers Guidance to G20 Members on Regulating the Insurance Industry

IAIS Releases Issues Paper on Group-Wide Solvency Assessment and Supervision

Bermuda: Bermuda Monetary Authority reveals its Business Plan for 2009

Maiden Holdings Completes Private Placement of Trust Preferred Securities

Maiden Acquires GMAC Re

BMA Issues Regulatory Update for October 2008

BMA Says Bermuda is Well Placed for the Current Challenging Environment in the Financial Markets

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