2021-01-21T14:01:00+00:00
AkinovA (Bermuda) has been granted the first “Insurance Marketplace Provider” licence by the Bermuda Monetary Authority (BMA), Bermuda’s financial services regulator. This new category of Insurance Intermediary was created as a result of Bermuda’s Insurance Amendment Act 2019 (Act). It is understood that this makes AkinovA the first new regulated insurance marketplace since Lloyd’s of London Act of parliament in 1871. Unlike Lloyd’s, AkinovA enables capital providers, brokers, agents and cover buyers with a safe and remote electronic space to enable them to exchange information and agree transactions within a low friction environment.
AkinovA is proud to be the first company to graduate from the BMA’s Innovative Regulatory Sandbox Regime.
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WHAT: The U.S. Department of Defense (DOD) has established a new voluntary program designed to match critical technology companies with vetted sources of private capital.
WHEN: On December 1, 2020, DOD issued a Request for Comment on the Trusted Capital initiative; comments are due February 1, 2021. On January 13, 2021, DOD formally announced the establishment of the Trusted Capital Digital Marketplace.
WHAT DOES IT MEAN FOR INDUSTRY: Companies in the Defense Industrial Base (DIB) seeking investments may consider this initiative to gain access to vetted sources of capital and potentially lessen the risk of a transaction drawing scrutiny from U.S. regulators in the context of foreign investment reviews and other related processes.