News
Analysis
Ratings agency AM Best has affirmed the financial strength rating of A (Excellent) for Bermuda-based BNY Trade Insurance and New York-based Hamilton Insurance Corp, the single-parent captives of The Bank of New York Mellon Corporation. 17 April 2019
Analysis
Captive manager Strategic Risk Solutions (SRS) has appointed Richard Daley, the current president of competing firm JLT Insurance Management (Bermuda), as managing director in SRS' Bermuda office, effective August 1. 11 April 2019
Accounting & tax analysis
Bermuda’s insurers—and, by extension, captive insurers—have until July 1 to satisfy the government’s new economic substance requirements, which have a considerably broad scope. Janine Carey, associate at Appleby, has the details. 29 March 2019
Analysis
Bermuda premier David Burt and minister of finance Curtis Dickinson is leading a team to Europe for discussions aimed at laying the groundwork for removing the island from the EU's list of non-cooperative tax jurisdictions, also known as the blacklist. 27 March 2019
Analysis
Ratings agency AM Best ha upgraded the financial strength rating of Sony's Bermuda-based pure captive PMG Assurance from A- (Excellent) to A (Excellent). 4 February 2019
Analysis
The Bermuda Monetary Authority (BMA) registered 19 new captive insurance companies in 2018, up from 17 in 2017. 29 January 2019
Analysis
The Bermuda Monetary Authority CEO Jeremy Cox will serve as its executive chair, as current chair Gerald Simons has retired. 18 January 2019
Analysis
Willis Towers Watson Management (Bermuda) has appointed Steve Arrowsmith as executive vice president, head of client services. 15 January 2019
Analysis
Regulatory changes scheduled to be tabled before the Bermuda House of Assembly place Bermuda on a steady yet progressive footing to steer the captive market forward for years to come, says Matthew Carr, senior associate, corporate, of Appleby's Bermuda office. 14 January 2019
Analysis
The automotive, manufacturing and retail industry was responsible for the majority of new formations on Bermuda in 2017, according to the BMA Captive Report 2018. 3 January 2019
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