Bermuda wins Solvency II equivalence

About Jean-Paul DyerJean-Paul Dyer

JP is a Senior Associate in the Corporate & Finance practice group, specialising in capital market and corporate finance transactions with a particular emphasis on the (re)insurance industry across all classes of insurer.

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In an update to my post from January, ‘Another Step in the Right Direction: Bermuda Solvency II Equivalence‘, Bermuda has now been awarded full equivalence under the tough EU Solvency II regulations by the European Commission. After years of work, the Island is now one of only two non-EU jurisdictions to be recognised as in line with new insurance rules. For further information, please see this news article in the Royal Gazette.