Supervision Rules for Internationally Active Insurance Groups being proposed by BMA
The Bermuda Monetary Authority (BMA) intends to implement new rules under a new Insurance (Internationally Active Group Supervision) Rules 2026 (Proposed Rules) to align Bermuda’s regulatory framework with international standards for Internationally Active Insurance Groups (IAIGs) set by the IAIS (of which Bermuda is a member).
The Electronic Transactions (Amendment) Act 2026 (Amendment Act) marks an important development in Mauritius’ digital legal framework. Its significance goes beyond the further recognition of electronic signatures. The amendments address a broader question: how should legal rules designed for paper-based commerce operate in an environment where transactions, records and increasingly contractual decisions are created, transmitted and stored electronically?
Police certificates become part of BMA vetting
Businesses seeking regulatory approval for directors, owners and senior personnel now need to account for an additional documentary requirement.
Commingling of Risks: The New Flavour of the Cat Bond Market
As catastrophe bond sponsors grow more confident with the asset class, companies are increasingly combining different peril structures within individual transactions, all of which leads Brad Adderley, Managing Partner at law firm Appleby, to say that this commingling of risks is becoming the new flavour of the cat bond market.
When is a Party “Otherwise Unable to Present Its Case” Under the New York Convention?
Article V(1)(b) of the New York Convention permits a court to refuse recognition and enforcement of an arbitral award where the party against whom the award is invoked: “was not given proper notice of the appointment of the arbitrator or of the arbitration proceedings or was otherwise unable to present his case.” The provision is central to the legitimacy of international arbitration. It ensures that arbitral proceedings comply with minimum standards of procedural fairness, while recognising that arbitration is intended to be more flexible and less formal than litigation.
Is it time to accept that Guernsey’s regulatory enforcement process is no longer “fit and proper”?
Appleby Guernsey Managing Partner Richard Sheldon explores pitfalls in Guernsey's regulatory enforcement process.
Marital blessings: what's yours is ours—Chinese marital property and offshore trusts
Richard Grasby, Partner in Appleby's Private Client & Trusts team in Hong Kong, has published an article “Marital blessings: what's yours is ours—Chinese marital property and offshore trusts” in Trusts & Trustees, Oxford University Press's leading journal on trust law and practice.
BMA Sets Out Phased Path to a Bermuda Insurance Resolution Regime
The Bermuda Monetary Authority (BMA) has proposed a framework for resolving failing (re)insurers. Boards and executive teams should take note and, where appropriate, take part in the consultation, which closes on 15 December 2026.
Jersey’s High Value Residency Regime Enters a New Era
A revised Control of Housing and Work ("CHW") regime marks the most significant reform of the Island's High Value Residency framework in many years. Find out more
Navigating BMA’s proposed AI guidance note
Now that the Bermuda Monetary Authority has shifted its focus from general principles about artificial intelligence to a concrete, actionable regulatory framework, board and executive teams of financial service companies must take note and decide whether to become involved in the consultative process.
AI in the Workplace: Emerging Legal Issues for Bermuda Employers
Artificial intelligence is rapidly becoming part of the modern workplace. It has moved quickly from being an experimental technology to an everyday business tool. Employers are already using AI to draft job advertisements, screen applications, assess candidates, analyse employee performance, monitor productivity and assist with disciplinary and termination decisions. For employers, the attraction is obvious. AI can process large quantities of information quickly, identify patterns and perform tasks that previously required significant human resources. But such widespread application of AI is also giving rise to legal risk as regulators and courts around the world consider what happens when an employment decision is made, or materially influenced, by an algorithm. It is a question that is likely to become increasingly relevant in Bermuda, as the law necessarily catches up with the technology.
Capital rich, softening rates, big opportunity: the growth dilemma
After several years of healthy profits, despite some softening, the reinsurance market remains in good shape – if discipline remains. Meanwhile, new and complex risks are emerging, including data centres, offering big opportunities for growth for those willing to take it on. They were some of the takeaways from 10 senior executives from the Bermuda market who met at a roundtable in Monte Carlo.