The Bermuda Monetary Authority (BMA), the financial regulator on the island, is requesting a more granular level of detail on activities involving alternative reinsurance capital and insurance-linked securities (ILS) underwriting, seeking detail on any re/insurance business financed by directly capitalised mechanisms. The BMA has published what it calls its “Alternative Capital Schedule” which will be… via Bermuda regulator looks for greater clarity on ILS underwriting — Artemis.bm – The Catastrophe Bond, Insurance Linked Securities & Investment, Reinsurance Capital, Alternative Risk Transfer and Weather Risk Management Blog Advertisements Continue reading The regulation of ILS
The UK has passed the Venezuela (Sanctions) (Overseas Territories) Order 2018, SI 2018/179, which gives effect in specified Overseas Territories to the EU sanctions measures provided in Council Decision (CFSP) 2017/2074 and Council Regulation (EU) 2017/2063. Those include an arms embargo, framework to impose targeted measures against those responsible for human rights violations and/or undermining democracy […] via UK extends EU Venezuela sanctions to Overseas Territories — European Sanctions Blog Continue reading Venezuela sanctions extended to BOTs
By “London” in my title, I mean “the courts of England and Wales”. Probably, in fact, I mean “disputes business”. This is not one of those “we’re all doomed” articles, just some pointers to the possibility that other jurisdictions may offer more attractive venues both in terms of procedure and facilities. One of the motivations […] via Reminders that there are rivals to London’s courts — eDisclosure Information Project Continue reading The competition between the High Court in London and other international commercial courts: of any interest to Bermuda and other BOTs?
https://blogs.spectator.co.uk/2018/02/bermudas-gay-marriage-row-shows-the-liberal-lefts-disdain-for-democracy/ One important point to note: the referendum ‘result’ of 2017 was legally irrelevant – since the turnout was inadequate. It provides no reliable evidence, in and of itself, of the ‘will’ of the majority. That, perhaps, is better reflected by the outcome of the General Election and the PLP’s current Parliamentary majority in Bermuda. Continue reading The Spectator’s blog on Bermuda’s same sex marriage debate
400-10 Bermuda Bar Act (Queens Counsel) revocation rules 1994 I have previously written a blogpost on the topic of QCs in Bermuda (or not). The recent news that a practicing member of the Bermuda Bar has successfully applied for appointment as a Queen’s Counsel of England and Wales has apparently led the Bermuda Bar Council to re-consider the pros and cons of re-introducing a local QC appointment scheme, with a Special General Meeting of the Bermuda Bar Association being planned to debate this particular issue. Although there is a respectable minority point of view that the QC appointment system should … Continue reading QCs in Bermuda – a challenging situation?