Agam Capital, an analytics-driven company that partners with insurance companies to provide strategic solutions, has created a reinsurance platform in Bermuda.
Agam has leveraged the Incorporated Segr.
Agam Capital, an analytics-driven company that partners with insurance companies to provide strategic solutions, has created a reinsurance platform in Bermuda.
Agam has leveraged the Incorporated Segr.
Fintech is drawing investors and venture capitalists royalgazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from royalgazette.com Daily Mail and Mail on Sunday newspapers.
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Originally Published in Chambers Insurance & Reinsurance
Guide 2021: Bermuda
This guide provides the latest information on sources of
insurance and reinsurance law, insurance and reinsurance regulatory
bodies and legislative guidance, overseas-based insurers or
reinsurers, M&A activity relating to insurance companies,
alternative risk transfer (ART) transactions and insurtech
developments.
1. BASIS OF INSURANCE AND REINSURANCE
LAW
1.1 SOURCES OF
INSURANCE AND REINSURANCE LAW
The principal legislation governing companies in Bermuda is the
Companies Act 1981, as amended (Companies Act), under which the
majority of companies in Bermuda are incorporated by
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The Investment Funds Act 2006 (IFA) has been amended by the
Investment Funds Amendment Act 2021 (Amendment Act 2021), which
became operative on 27 January 2021 (Operative Date).
The Amendment Act 2021 introduces, amongst other things,
requirements for registered funds to ensure consistency across the
different classes of funds. Notably there are: provisions targeted
at Private Funds; a requirement to appoint a local registrar for
registered funds; amendments to filing requirements for all
registered funds and overseas funds; and a widening of the
definition of company fund to include incorporated