Hashtag: #SolvencyII
‘Bermuda Has Made Itself Obsolete’
Bermuda’s decision to seek equivalency with the new European Union Solvency II requirements harmonising insurance regulations will make the island “obsolete” as an off-shore domicile says an American industry veteran. Jeff Mulholland, who runs insurance and pensions services for Societe Generale in the Americas, told the “Caymanian... Read more of this article
Webinar: Solvency II’s Impact On Captives
A panel of analysts from A.M. Best Europe will review the potential impacts of Solvency II on the captive sector — including Bermuda’s role as the leading international domicile — during a one-hour public webinar being held on Tuesday, 21 February. Although the captive sector reported widespread growth in 2011, the approach of Solvency... Read more of this article
Swiss Rules Tougher Than Solvency II
Switzerland is continuing efforts to blunt the island’s competitive edge as the leading catastrophe re/insurance domicile by rolling out new regulatations even more stringent than the European Union’s Solvency II rules the Bermuda Monetary Authority is working to gain equivalence with. Bloomberg reports today [Jan. 31] the new solvency... Read more of this article