Swiss Re Insurance-Linked Fund Management

Xactanalysis Insights and PCS

Bermuda amends Insurance Act to help ILS issuance


Members of Parliament in Bermuda yesterday passed the Insurance Amendment Act 2008. The amends to existing legislation bring in new capital standards for insurers and have also restructured the classification system for Class 3 insurers allowing for a new class of Special Purpose Insurers to be created to be used by the growing insurance-linked securities market. The addition of this new class will help insurers by clarifying the rules for creation of these special purpose vehicles and hopefully make their setup easier in the future.

Register today for ILS NYC 2023, our next insurance-linked securities (ILS) market conference. Held in New York City, February 10th, 2023.

Artemis London 2022 - Insurance-linked securities conference in London

Get a ticket soon to ensure you can attend. Secure your place at the event here!

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.