AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Regulation - Insurance Act amended on Bermuda.
(From Reinsurance)
The Insurance Amendment Act 2004 has come into effect for the insurance industry on Bermuda.
The Act, which amends the Insurance Act 1978, was passed by both the House of Assembly and the Senate of Bermuda soon after parliament reconvened in November last year, and received assent from the Governor of Bermuda on 10 December, 2004. This final assent marked the end of a nine-month process of consultation among representative groups of Bermuda's insurance industry - insurers and reinsurers, brokers, captive managers, accountants, law firms - to refine and enhance Bermuda's insurance regulatory regime under the Insurance Act.
This process of refinement and enhancement was motivated in part by the review of Bermuda's financial services regulation by the International Monetary Fund ...
- The A.R.T. of Reinsurance in Bermuda: Recent Legal Developments.(recent...
- News wire article from: Mondaq Business Briefing Woloniecki, Jan April 28, 2003 700+ words
...business (see: 'Bermuda is the ideal venue...amendments to the Insurance Act 1978 (the 1978 Act...as insurers under Bermuda law." The Insurance Act 1978: definition...business", in or from Bermuda, must be licensed...
- TRIA gets mixed reviews; bermuda grows.(Terrorism Risk Insurance Act; Aon's...
- Magazine article from: National Underwriter Property & Casualty-Risk & Benefits Management Howard, Lisa S. April 21, 2003 700+ words
The Terrorism Risk Insurance Act has been met with mixed reviews from...property business, most expect "Bermuda to increase market share over the...rise, despite predictions that new Bermuda companies would take away business...
- Insurance Act changes sweep Bermuda's shores.(Insurance Amendment Act of 1995)
- Magazine article from: Risk Management Wright, P. Bruce September 1, 1995 700+ words
...Amendment Act 1995 was signed into law in Bermuda. The Act, briefly summarized below, is intended to improve regulation of Bermuda-domiciled insurance companies. Classes of Insurers The Act requires Bermuda-domiciled insurers to apply to the...
- Isle of Man acts to ease captive transfers. (1986 Insurance Act amendments)...
- Magazine article from: Business Insurance Unsworth, Edwin April 14, 1997 700+ words
...early in the year to its 1986 Insurance Act to allow virtually free movement...which had been based in Bermuda since 1963. It is owned by...one captive's switch from Bermuda was to enable U.K.-based...transferred to the island from Bermuda. Willis Corroon Director...
- Late News; Treasury extends TRIA `make available' rule.(Terrorism Risk...
- Magazine article from: Business Insurance June 21, 2004 700+ words
...provision of the Terrorism Risk Insurance Act through the end of 2005. That...have operations in London and in Bermuda and are licensed Lloyd's of London...deductible under the Terrorism Risk Insurance Act of 2002. As an affiliated insurer...
- Standalone terrorism coverage available, affordable; Some say standalone...
- Magazine article from: Business Insurance Gonzalez, Gloria March 21, 2005 700+ words
...GONZALEZ If the Terrorism Risk Insurance Act expires at the end of the year...market have come from Pembroke, Bermuda-based AXIS Capital Holdings Ltd., Hamilton, Bermuda-based ACE Ltd., Bermuda-based Montpelier Re Holdings...
- Anguilla hot to form captive domicile.(Anguilla drafts an insurance act to...
- Magazine article from: National Underwriter Property & Casualty-Risk & Benefits Management McDonald, Caroline May 26, 2003 700+ words
...Anguilla, a British territory in the Caribbean, has drafted an insurance act that would establish the tax-friendly island as a captive...itself as a captive domicile competing with such giants as Bermuda, offshore, and Vermont in the United States, he said...
- Insurers struggle with Terror Act, reassess gross lines.(Terrorism Risk...
- Magazine article from: National Underwriter Property & Casualty-Risk & Benefits Management Howard, Lisa S. January 27, 2003 700+ words
...Despite the reinsurance backstop created by the Terrorism Risk Insurance Act, some insurers are still highly exposed tinder the deductible...exposure," said James Bryce, president and CEO of IPC Re in Bermuda. "At present, insurers are trying to measure how much premium...