Hashtag: #BermudaMonetaryAuthority
Digital Survey Technology Public Consultation
The Bermuda Monetary Authority [BMA] is issuing the proposed Digital Asset Issuance Statement of Principles & Digital Asset Issuance Rules 2020 for public consultation. The BMA said, “Following the enactment of the Digital Asset Issuance Act 2020 [Act], the Bermuda Monetary Authority [Authority] is issuing the proposed Digital Asset Issuance Statement... Read more of this article
Compre Receives Class 3A Reinsurer Licence
Compre announced that it has received regulatory approval from the Bermuda Monetary Authority [BMA] to establish a Class 3A reinsurer in Bermuda. A spokesperson said, “Compre, the independent specialist legacy acquirer, today announces it has received regulatory approval in principle from the Bermuda Monetary Authority [BMA] to establish a Class... Read more of this article
BMA: QS International Limited Is Not Licensed
The Bermuda Monetary Authority [BMA] is advising the public that QS International Limited “is not regulated, authorised or licensed by the Authority.” The BMA said, “On 6 June 2020, the Bermuda Monetary Authority observed that QS International Limited on its webpage qsfingold.com falsely claimed that it had been licensed by the Authority... Read more of this article
BMA Grants Class 3A Insurer Licence To Evertas
Evertas, a cryptoasset insurance company announced that is has received its license from the Bermuda Monetary Authority to start operating as a ‘Class 3A’ insurer. A spokesperson said, “Evertas, one of the world’s first cryptoasset insurance companies, has received its licence from the Bermuda Monetary Authority to start operating from... Read more of this article
FPC Meeting: Economy, Tourism, Covid & More
The response to Covid-19, the economy, business, immigration and tourism were some of the topics discussed as the Financial Policy Council [FPC] held their meeting via teleconference A Government spokesperson said, “The Financial Policy Council [FPC] held its thirteenth meeting on 30 April 2020 via teleconference. All members were able to participate... Read more of this article
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
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
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
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
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
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
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
