Regulatory regime will make Bermuda the Cat bond capital
Bermuda Monetary Authority (BMA) chief executive Matthew Elderfield will today announce new regulations for special purpose insurers, to make Bermuda the world centre for catastrophe (Cat) bonds, the FT reports.
“Bermuda has always been at the centre of insurance innovation and we would expect to be at the forefront of a new wave of capital,” Elderfield said.
Bankers expect to see more institutional investors in Cat bonds.
Identify collateral
The BMA wants greater transparency and disclosure from Cat bond insurers, particularly identifying and valuing collateral.
The new rules will apply to any special purpose vehicle set up in Bermuda, sponsored by an insurer or reinsurer from anywhere in the world.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
