Monetary Authority Releases Captive Report

The Bermuda Monetary Authority [BMA] released the 2020 BMA Captive Report which highlights the market results from the 2019 year-end statutory financial returns by general business captive insurers [i.e., Class 1, Class 2 and Class 3 insurers]. The BMA said, “The report focuses on four key areas: business written, industry utilisation, balance sheet composition and profitability […]

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