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NEWS AND PRESS RELEASES

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

13 Feb 2019

BMA Releases 2018 Captive Number

HAMILTON, BERMUDA – The Bermuda Monetary Authority (BMA) had a total of seven-hundred and eleven (711) active captives (re)insurance licences on its register on 31 December 2018, totalling captive premiums at approximat...Read More

31 Jan 2019

BMA Joins Global Financial Innovation Network

HAMILTON, BERMUDA – The Bermuda Monetary Authority (BMA) today announced that it has joined the Global Financial Innovation Network (GFIN). GFIN is a group of 29 international organisations committed to supporting financ...Read More

28 Jan 2019

(Re)insurance Registrations on the Rise-Bermuda Monetary Authority

HAMILTON, BERMUDA – The Bermuda Monetary Authority (BMA) recorded a year-on-year increase in new (re)insurance registrations, from 58 in 2017 to 75 in 2018.Read More

17 Jan 2019

Bermuda Monetary Authority - New Board Members Announced

HAMILTON, BERMUDA – The Bermuda Monetary Authority (BMA) is announcing changes to the Board, which includes a new Executive Chair and Deputy Chair.

After nine years on the BMA Board, six as Chair, the Hon....Read More

21 Dec 2018

BMA Releases Alternative Capital Report 2018; Captive Report 2018

HAMILTON, BERMUDA - The Bermuda Monetary Authority (BMA or Authority) today released its
first annual BMA Alternative Capital Report 2018.Read More

18 Dec 2018

BMA Publishes Digital Asset Code of Practice for Consultation

HAMILTON, BERMUDA - The Bermuda Monetary Authority (BMA or Authority) has released a draft
Code of Practice for Digital Asset Custody (the Code) for consultation that prescribes measures to ensure a
high le...Read More

03 Dec 2018

BMA Releases Latest Cat Risk in Bermuda Report

HAMILTON, BERMUDA - The Bermuda Monetary Authority (BMA or Authority) has released its third annual 'Catastrophe Risk in Bermuda' Report.Read More

20 Sep 2018

BMA Outlines Supervisory Approach To Money Laundering And Terrorism Financing Risks In New Paper

HAMILTON, BERMUDA - The Bermuda Monetary Authority (BMA) has published an occasional
paper sharing its experience in developing a framework for identifying, assessing and understanding
money laundering (ML)...Read More

17 Sep 2018

BMA Releases Licensing Requirements For Digital Asset Businesses

HAMILTON, BERMUDA - The Bermuda Monetary Authority (BMA or Authority) has released an
Information Bulletin outlining what documentation is required when submitting an application for a digital
asset busines...Read More

27 Aug 2018

BMA Hires Senior Advisor, Fintech

HAMILTON, BERMUDA - As stated in the Bermuda Monetary Authority's (BMA) 2018 Business
Plan, the BMA is committed to meeting the evolving and complex financial needs for Bermuda and
maintaining our recogniti...Read More

09 Jul 2018

BMA To Serve As Vice Chair On IAIS Financial Crime Task Force

HAMILTON, BERMUDA - The Bermuda Monetary Authority's (BMA) Chief Enforcement Officer Garrett
Byrne has been appointed Vice Chair of the International Association of Insurance Supervisors' (IAIS)
Financial C...Read More

03 Jul 2018

BMA Cancels Registration of Intrepidus Insurance Services (Bermuda) Limited

HAMILTON, BERMUDA -The Bermuda Monetary Authority (the Authority) has cancelled the insurance
brokerage registration of Intrepidus Insurance Services (Bermuda) Limited (the Company) pursuant to the
provisio...Read More

17 Apr 2018

BMA Highlights Bermuda Market at RIMS Conference

HAMILTON, BERMUDA - 2017 saw increased activity for Bermuda Monetary Authority (BMA or
Authority) with an emphasis on developing global regulatory standards and continued cooperation with
other internationa...Read More

14 Apr 2018

BMA Publishes its Latest Regulatory Update - March 2010

The Bermuda Monetary Authority has published a Consultation Paper outlining proposals to enhance its existing Code of Conduct for investment providers. The revised Code incorporates more explicit guidance to investment p...Read More

02 Apr 2018

BMA Seeing Increased Reinsurance Registrations

HAMILTON, BERMUDA - The Bermuda Monetary Authority (BMA) has experienced a recent uptick in
(re)insurance registrations.Read More

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