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Article 2 fev 2021
Bermuda’s Personal Information Protection Act 2016 (PIPA) will, when fully operative, represent a significant change in informational privacy law in Bermuda. While it envisages a comparatively “light regulatory environment” for informational privacy, the act will require a number of practical changes for many organisations.
Article 15 dez 2020
Nick Miles and Ciara Brady authored the Bermuda chapter of ICLG’s Private Equity Laws and Regulations 2020. The chapter provides a helpful overview of Bermuda’s laws and regulations relevant to private equity transactions, as well as on the private equity structures typically employed in Bermuda transactions and the attractiveness of Bermuda as a jurisdiction for the same.
News 24 nov 2020
Following the launch of The Legal 500 Caribbean 2021, Kennedys has again been ranked highly for dispute resolution and insurance/reinsurance in Bermuda.
Article 6 out 2020
The Bermuda Monetary Authority issued on 30 September 2020 the Insurance Sector Operational Cyber Risk Management Code of Conduct in its final form after submitting a draft for consultation to the industry in the late 2019.
Article 22 set 2020
This paper describes the process under Bermuda law by which an insurance company may transfer its corporate domicile to or from Bermuda.
Article 3 set 2020
Recent insurer registrations reported by the Bermuda Monetary Authority (BMA) show that Bermuda continues to deliver on its established reputation for finding innovative solutions for capacity shortages.
Article 21 ago 2020
In November 2019, Bermuda enacted the Incorporated Segregated Accounts Companies Act 2019, a testament to the jurisdiction’s commitment to providing pragmatic solutions to address industry’s evolving needs.
Article 3 ago 2020
The Bermuda insurance and reinsurance market continues to go from strength to strength and is well positioned to take advantage of hardening market conditions.
Article 3 jul 2020
This paper provides an overview of the licensing requirements and process, the prudential and conduct standards that a Bermuda insurer carrying on special purpose business will need to meet and the on-going filing and other requirements that it will need to comply with. It is not, however, a substitute for legal advice.
Article 3 abr 2020
Amendment to the Bermuda Monetary Authority’s powers to adjust insurers’ statutory capital and surplus
The Insurance (No. 2) Amendment Act 2019 became operative on 31 December 2019. It supplements provisions in the Insurance Act 1978 regarding the power of the Bermuda Monetary Authority to make, and insurers’ and designated insurers’ right to apply for, adjustments to the enhanced capital requirement, available statutory capital and surplus and available statutory economic capital and surplus of an insurer or insurance group.