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NEWS AND PRESS RELEASES

22 Sep 2020

Cancellation of Registration - Phoenix CRetro Reinsurance Company Limited (Company)

HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority) has cancelled the insurance registration of Phoenix CRetro Reinsurance Company Limited (Company), a Special Purpose Insurer (SPI), for breaches of the Insura...Read More

21 Sep 2020

Public Censure - Blue Nile Services Limited

HAMILTON, BERMUDA –The Bermuda Monetary Authority (Authority) has issued a Public Censure to Blue Nile Services Limited (Company), a money service business provider, for a number of breaches of the Proceeds of Crime (Ant...Read More

08 Sep 2020

Public Warning - Website Falsely Linked to BMA

The Bermuda Monetary Authority (Authority or BMA) has been made aware that an internet domain has been registered in the name of www.bmafinancier.com.Read More

01 Sep 2020

BMA Appoints Director Supervision (Insurance)

HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) today announced the appointment of Gerald Gakundi to the position of Director, Supervision (Insurance).Read More

22 Jul 2020

2019 Annual Report Press Release

HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) released its 2019 Annual Report today, reflecting on its five decades of service to Bermuda’s financial sector and highlighting the achievements of it...Read More

12 Jun 2020

PUBLIC WARNING – QS INTERNATIONAL LIMITED

HAMILTON, BERMUDA – On 6 June 2020, the Bermuda Monetary Authority (the Authority) observed that QS International Limited on its webpage, www.qsfingold.com, falsely claimed that it had been licensed by the Authority as a...Read More

23 Mar 2020

BMA Coronavirus (COVID 19) Notice to Industry

As we continue to monitor and respond to the rapidly changing situation caused by the Coronavirus (COVID 19), the BMA has been implementing protective measures to ensure the safety of our staff, their families, and exter...Read More

17 Feb 2020

BMA 50th Anniversary Celebrating 50 Years. Series 5: Breaking New Ground

The Bermuda Monetary Authority’s (BMA) 50th Anniversary has come to a close. With this fifth and final article, we highlight the most recent decade of the Authority’s incredible impact on Bermuda’s financial landscape.Read More

22 Jan 2020

BMA Releases 2019 Captive Number - Registration Statistics

BERMUDA MONETARY AUTHORITY RELEASES 2019 CAPTIVE NUMBER / REGISTRATION STATISTICSRead More

08 Jan 2020

BMA Board Appoints Craig Swan Deputy Chief Executive Officer

The Bermuda Monetary Authority’s Board of Directors announced today that Craig Swan has been appointed Deputy Chief Executive Officer (Deputy CEO) of the Authority, effective January 1, 2020. The Deputy CEO position was...Read More

10 Dec 2019

NAIC Grants Bermuda Reciprocal Jurisdiction Status

The National Association of Insurance Commissioners (NAIC) announced today that Bermuda has been granted Reciprocal Jurisdiction status effective 1 January 2020. Additionally, the NAIC has completed its five-year re-eval...Read More

31 Oct 2019

BMA Staff Donation Drive Benefits Lefroy House

Staff from the Bermuda Monetary Authority (BMA or Authority) recently participated in a donation drive campaign and Charitable Friday denim day to benefit Lefroy House, a government-owned, elder care community in Sandys...Read More

14 Oct 2019

Bermuda Monetary Authority Celebrating 50 Years. Series 4: Positioning for the Future

Positioning for the Future

As the Bermuda Monetary Authority (BMA) celebrates 50 years in 2019, we look back at the last five decades. From providing sound policy advice to pushing Bermuda forward as a rep...Read More

30 Sep 2019

World Investor Week - Smart Investor Tips

A smart investor:

Verifies that an investment professional is licensed by Bermuda Monetary Authority (BMA):Read More

30 Aug 2019

Take Home a Special Piece of Bermuda's History

HAMILTON, BERMUDA – The Bermuda Monetary Authority (the BMA) has marked its 50th Anniversary by releasing a special commemorative coin.Read More

22 Aug 2019

BMA Food Drive Campaign Benefits The Eliza DoLittle Society

HAMILTON, BERMUDA – Staff from the Bermuda Monetary Authority (the BMA or the Authority) recently participated in a food drive campaign and dress down denim day to benefit The Eliza DoLittle Society, a local charity whos...Read More

21 Aug 2019

Bermuda Monetary Authority Celebrating 50 Years. Series 3: Supervisory Powers

Supervisory Powers

As the Bermuda Monetary Authority (BMA) celebrates 50 years in 2019, we take a look back at the last five decades. From providing sound policy advice to pushing Bermuda forward as a repu...Read More

14 Aug 2019

BMA 'Day of Giving' with Family Centre

HAMILTON, BERMUDA – In the lead up to the 2019 Cup Match holiday, employees of the Bermuda Monetary Authority (the BMA or Authority) partnered with the Family Centre to help raise funds for their specialised programmes a...Read More

12 Aug 2019

Bermuda Monetary Authority Has Regulatory Dialogue With NAIC

The Bermuda Monetary Authority (BMA) and National Association of Insurance Commissioners (NAIC) discussed issues of mutual regulatory interest last week.Read More

18 Jun 2019

Elliot Eagles ‘Soar’ Through BMA House For A Lesson In Currency

Ten P2 students from Ms. Bean’s class at Elliot Primary School recently visited the Bermuda Monetary Authority (BMA or the Authority) for a lesson in Bermuda’s currency and tour of the Authority’s Museum of Notes and Coi...Read More

14 Jun 2019

BMA Fines Estera Services (Bermuda) Limited

HAMILTON, BERMUDA – The Bermuda Monetary Authority (the Authority) has imposed civil penalties totalling $500,000 on ESTERA SERVICES (BERMUDA) LIMITED (the Company) pursuant to the provisions of sections 29A and 33B of t...Read More

31 May 2019

Jeremy Cox To Receive 2019 Fred Reiss Lifetime Achievement Award

It was announced in a press release issued today, 30 May, by the BDA (Bermuda Development Agency) that our very own Executive Chair, Jeremy Cox, will be the recipient of the fourth Fred Reiss Lifetime Achievement Award t...Read More

16 May 2019

BMA 'Day of Giving' with Tomorrow's Voices

HAMILTON, BERMUDA – In show of support for children and families throughout the community, the Bermuda Monetary Authority recently partnered with Tomorrow’s Voices, Bermuda Registered Charity # 816, to help raise funds i...Read More

15 May 2019

Heron Bay Primary School Students Learn Valuable Numismatic Lessons

HAMILTON, BERMUDA – Students from Ms. Wales’ P4 class at Heron Bay Primary School recently visited the Bermuda Monetary Authority for a lesson in Bermuda’s currency and tour of the Authority’s Museum of Notes and Coins....Read More

24 Apr 2019

Bermuda Monetary Authority Celebrating 50 Years. Series 2: Bermuda Boom Time

Bermuda’s Boom Time

As the Bermuda Monetary Authority (BMA) celebrates 50 years in 2019, we take a look back at the last five decades. From providing sound policy advice to pushing Bermuda forward as a rep...Read More

17 Apr 2019

BMA Website Quick Glance

Welcome to the new Bermuda Monetary Authority website!

Whether you are on mobile device or desktop, this updated website will provide you with a user-friendly and intuitive experience. This new website fea...Read More

16 Apr 2019

Warning - Mangrove Corporate Services Limited

HAMILTON, BERMUDA – On 9 April 2019, the Bermuda Monetary Authority (the Authority) observed that Mangrove Corporate Services Limited published a legal notice in The Royal Gazette stating that it was acting on behalf of...Read More

07 Mar 2019

BMA Celebrates 50th Anniversary by Expanding Community Outreach in 2019

HAMILTON, BERMUDA - The Bermuda Monetary Authority (BMA), in honour of its five decades of service to Bermuda this year, is expanding its community outreach throughout 2019. The BMA is partnering with a number of the isl...Read More

22 Feb 2019

BMA Fines Colonial Pension Services Ltd. $200K

HAMILTON, BERMUDA - The Bermuda Monetary Authority (the Authority) has imposed a civil penalty on Colonial Pension Services Ltd. (the Company), a local entity licenced under the Investment Business Act 2003 (the Act) in...Read More

20 Feb 2019

Bermuda Monetary Authority Celebrating 50 Years

As the Bermuda Monetary Authority (BMA) celebrates 50 years in 2019, we take a look back at the last five decades. From providing sound policy advice to pushing Bermuda forward as a reputable place to conduct business, t...Read More

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