Insights

When designing a fit-for-purpose governance model, trust and transparency are the keys to success. Strong governance practices must permeate the culture of the organisation, and employees at all levels should play a role in a executing a lived governance model that helps the company thrive.

The Bermuda Monetary Authority have published a consultation paper setting out Rules to regulate ‘recovery planning’ for the Bermuda commercial insurance sector which are aimed at ensuring insurers prepare for a range of possible adverse situations.

In February 2023 the Bermuda Monetary Authority (BMA) published a consultation paper outlining proposed enhancements to their regulatory regime and fees for commercial insurers. This consultation paper aims to ensure ongoing adequacy of the regulatory regime for commercial insurers, to improve upon the detection of new risks and to enhance the level of accountability, governance, disclosures and transparency.

Is your business slow to close the gap between your aspirations and opportunities, and what you can quickly accomplish? Are you struggling to meet customer and business expectations in today’s technology driven world? Our Rapid Application Development & Hosting service lets you choose which capabilities you require for your stage of your digital transformation.

For many people in organisations the opening months of the year will coincide with objective setting – an opportunity to plan our development goals over the next 12-months and explore what support is available to us at work to help achieve them. As employees set out to complete this process, organisations will also consider their direction within what is still very much an uncertain operating environment.

The Bermuda Monetary Authority (BMA) release revisions to the "Guidance Note: Management of Climate Change Risks for Commercial Insurers" and outline the responses to the key substantive comments that were received from industry stakeholders on the Guidance Note Consultation Paper issued by the Regulator in August 2022.

The Bermuda Monetary Authority (BMA) proposes extensive enhancements to the regulatory and supervisory regime for long-term commercial insurers, reinsurers and insurance groups, which are expected to take effect from January 1, 2024.

Find out how IA can help you manage risks

Incorporating change management into your strategy can enable an organisation to pivot from a prescribed strategy to an emergent strategy and increases the likelihood that you will achieve your strategic objectives.

The international tax landscape is undergoing a period of unprecedented change which will impact many multinational groups. Our panel of international tax experts discuss the key international tax developments relevant to global businesses.

Grant Thornton’s team of captive professionals bring a wealth of industry experience and use that practical know-how to advise clients on audit, accounting, tax, actuarial and regulatory considerations. Our solutions-driven team, led by Andrew Howie, combines local Bermudian captive knowledge with global captive experts to support you and to ensure the success of your organisation.