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Monetary Authority: Moving Forward Together

Monetary Authority: Moving Forward Together

[Bermuda Monetary Authority series] Series 5: Breaking New Ground The Bermuda Monetary Authority’s [BMA] 50th Anniversary has come to a close. With this fifth and final article, we highlight the most recent decade of the Authority’s incredible impact on Bermuda’s financial landscape. We hope you have enjoyed this series of retrospective articles,... Read more of this article

IGI Receives Approval For Tiberius Deal

IGI Receives Approval For Tiberius Deal

International General Insurance Holdings Ltd. [IGI] announced that it has received regulatory approval from the Bermuda Monetary Authority in connection with its previously announced business combination with Tiberius Acquisition Corp. [Tiberius],  a publicly traded special purpose acquisition company. A spokesperson said, “This approval, received... Read more of this article

BMA 2019 Captive Number Registration Statistics

BMA 2019 Captive Number Registration Statistics

As of 31 December 2019, Bermuda maintained its position as the premier jurisdiction for captives, with a total of 715 captives writing gross premiums of approximately $40 billion, according to the Bermuda Monetary Authority, who said that 22 new captives registered in 2019 compared to 19 in 2018. Craig Swan, Deputy CEO of the Bermuda Monetary Authority... Read more of this article

BMA Appoints Craig Swan As Deputy CEO

BMA Appoints Craig Swan As Deputy CEO

The Bermuda Monetary Authority’s Board of Directors announced today that Craig Swan has been appointed Deputy Chief Executive Officer [Deputy CEO] of the Authority, effective January 1, 2020. The BMA explained that the Deputy CEO position was “created to fulfil the BMA’s strategic objective of succession planning as the Authority prepares... Read more of this article

BMA Hosts 12th Financial Policy Council Meeting

BMA Hosts 12th Financial Policy Council Meeting

The Bermuda Financial Policy Council [Council] held its twelfth meeting on December 5th, hosted by the Bermuda Monetary Authority [BMA]. A Government spokesperson said, “The role of the Council is to assess possible threats to Bermuda’s financial stability, and to identify policies and actions to mitigate or eliminate such threats. It also advises... Read more of this article

BMA Staff Donation Drive Benefits Lefroy House

BMA Staff Donation Drive Benefits Lefroy House

Staff from the Bermuda Monetary Authority [BMA] recently participated in a donation drive campaign and Charitable Friday denim day to benefit Lefroy House, a government-owned, elder care community in Sandys. BMA staff donated various non-perishable household and personal care items to the campaign conducted in September and October. Mesheiah Crockwell,... Read more of this article

BMA Hosts 10th Financial Policy Council Meeting

BMA Hosts 10th Financial Policy Council Meeting

The Bermuda Monetary Authority [BMA] hosted the tenth meeting of the Financial Policy Council [Council] at its offices in Hamilton. A government spokesperson said, “On 25th July 2019, the Bermuda Monetary Authority [BMA] hosted the tenth meeting of the Financial Policy Council [Council] at its offices in Hamilton, Bermuda. The meeting was chaired... Read more of this article

Monetary Authority: Positioning For The Future

Monetary Authority: Positioning For The Future

[Bermuda Monetary Authority series] Series 4: Positioning for the Future As the Bermuda Monetary Authority [BMA] celebrates 50 years in 2019, we take a look back at the last five decades. From providing sound policy advice to pushing Bermuda forward as a reputable place to conduct business, the BMA has had an incredible impact on Bermuda’s financial... Read more of this article

BMA Release Special Commemorative Coins

BMA Release Special Commemorative Coins

The Bermuda Monetary Authority [BMA] has marked its 50th Anniversary by releasing special commemorative coins. The 50th Anniversary coin has a triangular design featuring a compass rose and the islands of Bermuda, and are available in denominations of $5 [1/20 oz.] gold, $2 [1 oz.] silver and $0.25 [1 oz.] cupronickel.Established in 1969, the BMA... Read more of this article

Bermuda Monetary Authority: 50 Years Later

Bermuda Monetary Authority: 50 Years Later

[Bermuda Monetary Authority series] As the Bermuda Monetary Authority [BMA] celebrates 50 years in 2019, we take a look back at the last five decades. From providing sound policy advice to pushing Bermuda forward as a reputable place to conduct business, the BMA has had an incredible impact on Bermuda’s financial landscape. 1990-1999 Exchange Controls/Anti-Money... Read more of this article

BMA Food Drive Benefits Eliza Dolittle Society

BMA Food Drive Benefits Eliza Dolittle Society

Staff from the Bermuda Monetary Authority [BMA] recently participated in a food drive campaign and dress down denim day to benefit The Eliza DoLittle Society, a local charity whose aim is to provide healthy solutions to those living in Bermuda who do not have reliable access to a sufficient quantity of affordable, nutritious food. BMA staff donated... Read more of this article

BMA Partners With Family Centre To Raise Funds

BMA Partners With Family Centre To Raise Funds

In the lead up to the 2019 Cup Match holiday, employees of the Bermuda Monetary Authority partnered with the Family Centre to help raise funds for their specialised programmes and services assisting children and families across the island. BMA staff members supported Family Centre’s annual Cup Match Tag Day on Wednesday 31 July by manning various... Read more of this article

Elliot Students Visit BMA For Currency Lesson

Elliot Students Visit BMA For Currency Lesson

Students from Elliot Primary School visited the Bermuda Monetary Authority for a lesson in Bermuda’s currency. The students were also given an interactive tour of the Authority’s Museum. Ten P2 students from Ms. Bean’s class at Elliot Primary School recently visited the Bermuda Monetary Authority [BMA] for a lesson in Bermuda’s currency and... Read more of this article