Responsible AI governance and risk assessment for regulated markets.
Explore how the BMA’s 2025 stress testing scenario challenges Bermuda insurers on capital resilience, reinsurance assumptions, and risk governance.
Ensure regulatory compliance with a robust recovery plan framework, aligning risk appetite with ERM strategies for effective stress management.
Discover who is in scope for Bermuda's updated Prudent Person Principle (PPP) regulations and the key changes taking effect from 1 July 2025.
Ensure resilience with a robust recovery plan. Learn BMA rules, compliance tips, and key steps for Bermuda's commercial insurers facing stress scenarios.
Learn the essentials of AI literacy for actuaries. Discover how AI and machine learning are transforming actuarial science through data handling, model building, and ethical AI use.
At Grant Thornton we have a wealth of insurance finance and accounting expertise ready to assist you in all aspects of your finance function requirements from interim resourcing to specialist finance topics to finance transformations.
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.
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.
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.
