30-03-2016 01:52 via insuranceinsider.com

Bermuda regulator to increase transparency

The Bermuda Monetary Authority (BMA) is set to name and shame
firms that are subject to enforcement actions in the wake of
regulatory scrutiny.
Previously, the regulator has released very limited details of
action taken against carriers operating on the island, with
citations usually limited to a brief footnote in its annual
report.
But under the new regime the BMA will make public any use of its
enforcement powers.
The information is set to include the nature of the action...
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