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New Solvency Framework for Long-Term Insurers in Bermuda

February 2011 David J. Doyle Kent Smith

Effective December 31, 2010, the Insurance Act 1978 (Insurance Act) was amended to introduce, amongst other things, a new solvency framework for long‐term insurers.

Under this new framework, long‐term insurers will have to meet a new prescribed minimum solvency margin which will vary depending on the category of their registration and their net premiums written and loss reserves (minimum solvency margin).

Learn more in the article below.

 

To continue reading full articles in PDF format:
New Solvency Framework for Long-Term Insurers in Bermuda

 


David J. Doyle
Director

BERMUDA   +1 441 299 4902


Kent Smith
Counsel

Bermuda   +1 441 299 4962


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Articles

New Solvency Framework for Long-Term Insurers in Bermuda

18 February 2011 David J. Doyle Kent Smith

Effective December 31, 2010, the Insurance Act 1978 (Insurance Act) was amended to introduce, amongst other things, a new solvency framework for long‐term insurers.

Under this new framework, long‐term insurers will have to meet a new prescribed minimum solvency margin which will vary depending on the category of their registration and their net premiums written and loss reserves (minimum solvency margin).

Learn more in the article below.

 

To continue reading full articles in PDF format:
New Solvency Framework for Long-Term Insurers in Bermuda

 


David J. Doyle
Director

BERMUDA   +1 441 299 4902


Kent Smith
Counsel

Bermuda   +1 441 299 4962


 

JURISDICTION(S)

Bermuda


International Office(s)

Bermuda