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Solvency II - Bermuda and Switzerland in line for first equivalency assessments

  • Edwards Wildman Palmer LLP
  • -
  • Bermuda, Switzerland
  • -
  • July 15 2010

On 14 July 2010, the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) published its draft advice on equivalence assessments to be undertaken in relation to three areas of the Solvency II directive, being reinsurance, group supervision and group solvency

Bermuda Monetary Authority publishes its 2010 Business Plan

  • Edwards Wildman Palmer LLP
  • -
  • Bermuda
  • -
  • January 19 2010

On 14 January 2010 the Bermuda Monetary Authority (BMA) presented its regulatory framework Business Plan for the year ahead at its Annual General Meeting

Bermuda Monetary Authority publishes guidance on special purpose insurers

  • Edwards Wildman Palmer LLP
  • -
  • Bermuda
  • -
  • October 26 2009

The Bermuda Monetary Authority (BMA) has published an Information Bulletin (the Bulletin), dated 5 October 2009, setting out the BMA’s approach to the supervision of special purpose insurers (SPI) and the requirements that SPIs must meet to be licensed

The Bermuda Monetary Authority proposes introducing group-wide supervision in further move towards Solvency II equivalence

  • Edwards Wildman Palmer LLP
  • -
  • Bermuda
  • -
  • March 3 2010

The Bermuda Monetary Authority (the BMA) published a consultation paper on 5 February 2010 entitled "Consultation Paper on The Bermuda Monetary Authority's Proposed Insurance Groups Regulatory Framework" (the Paper

The Bermuda Monetary Authority publishes market communications on its regulatory framework

  • Edwards Wildman Palmer LLP
  • -
  • Bermuda
  • -
  • October 15 2009

On 1 October 2009 the Bermuda Monetary Authority (BMA) published three market communications outlining proposals on a variety of developments to its regulatory framework

Bermuda continues stride towards regulatory equivalency with Solvency II

  • Edwards Wildman Palmer LLP
  • -
  • Bermuda
  • -
  • June 14 2010

The Bermuda Monetary Authority ("BMA") announced on June 1 that it had taken an important step towards achieving equivalence with the European Union's imminent Solvency II regulations by initiating a pilot of its internal capital model ("ICM") review process with Bermuda's largest commercial insurers

Cox appointed CEO of the Bermuda Monetary Authority (BMA) effective 1 January 2010

  • Edwards Wildman Palmer LLP
  • -
  • Bermuda
  • -
  • October 21 2009

Jeremy Cox will succeed Matthew Elderfield as CEO of the BMA at the beginning of next year

Newsflash from the World Insurance Forum

  • Edwards Wildman Palmer LLP
  • -
  • Bermuda, Switzerland
  • -
  • March 18 2010

In his remarks Monday, March 15, 2010, at the World Insurance Forum in Bermuda, Jeremy Cox, Chief Executive Officer of the Bermuda Monetary Authority (BMA), announced that, during a break at the Forum, CEO Cox and Dr. Monica Mächler, Vice Chair of the Board of Directors of the Swiss Financial Market Supervisory Authority (FINMA), executed a Memorandum of Understanding (MoU) between the BMA and FINMA