Jurisdiction update: Bermuda, British Virgin Islands, Cayman Islands, Mauritius
Conyers Dill & Pearman has released issue three of its Jurisdiction Update for 2013, covering Bermuda, the British Virgin Islands, the Cayman Islands and Mauritius. Topics include insurance developments in Bermuda, a new ‘approved manager’ regime in the British Virgin Islands, Cayman Islands master funds and more.
In an effort to position itself to attain Solvency II equivalency, Bermuda continues to strengthen its supervisory regime over the commercial insurance sector while guarding against over-regulation of its captives market.
In November 2012, the Bermuda Monetary Authority published a number of amendments to its existing individual company and group rules, the most significant of which involved the suspension for one year (until 2014) of the implementation of enhanced capital requirements for commercial long-term insurers and insurance groups…
If you are registered and logged in to the site, click on the link below to read the rest of the Conyers Dill & Pearman briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
Why register to The Lawyer
More relevant to you
News from Conyers Dill & Pearman
Briefings from Conyers Dill & Pearman
Since our last edition three Bermuda companies have completed listings on the NYSE and Nasdaq.
The Cayman Islands Tax Information Authority (the TIA) has confirmed that notifications may be submitted on or before 21 May 2015.