Bermuda secures Solvency II equivalence

The European Commission has awarded Bermuda and Japan full
Solvency II equivalence, ensuring that the continent's insurers
will be able to trade easily in these jurisdictions when the new
regulatory framework comes into force next year.
Insurance associations have praised today's (26 November)
decision to award Bermuda and the Bermuda Monetary Authority (BMA)
equivalence, with Solvency II set to go live from 1 January.
David Matcham, CEO of the International Underwriting
Association, said that t