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Supervision Rules for Internationally Active Insurance Groups being proposed by BMA Share twitter linkedin Published: 9 Oct 2026 The Bermuda Monetary Authority (BMA) intends to implement new rules under a new Insurance (Internationally Active Group Supervision) Rules 2026 (Proposed Rules) to align Bermuda’s regulatory framework with international standards for Internationally Active Insurance Groups (IAIGs) set by the IAIS (of which Bermuda is a member).

Guy holds a Master of Science in Taxation Law from the University of Oxford, for which he received the Field Court Tax Chambers Prize for the best overall performance in his cohort. He further holds a Master of Laws in International Commercial Law from University College London and a Bachelor of Jurisprudence from the University of Oxford. Prior to joining Appleby, Guy worked as a Research Assistant at the Law Commission of England and Wales and a freelance academic.

International arbitration as a method of resolving disputes is growing in the Cayman Islands, where disputes have more traditionally been resolved in court proceedings.

With more Insurance Linked Securities deals than any other law firm in Bermuda, our experience is unparalleled in the market Trusted on the market’s most sophisticated and pioneering risk transfer transactions where innovation and complexity demand exceptional expertise Distinguished by our unwavering commitment to clients, delivering strategic advice with speed, sound judgement and the service that sets us apart Chambers Global 2026 client quotes: “Appleby has an excellent team of lawyers...

Published: 8 Oct 2026 Garry Manley Simon Raftopoulos Kate Ovenden James Gaudin Mary-Louise Buxton Jack Igglesden Finlay McEwan Dan Richardson Appleby is pleased to announce that it has acted as Cayman Islands, Guernsey, Isle of Man and Jersey legal counsel to Wittington Investments, Limited on its acquisition of The Boots Group, a pharmacy and health and beauty retailer in the UK and Ireland Primary Contact Garry Manley Partner, Head of Corporate Isle of Man T +44 (0)1624 647 638 E Simon...

Shenzhen International engages in logistics, toll road, port and general-environmental protection businesses, with a strategic focus on key regions including the Greater Bay Area, the Yangtze River Delta and the Beijing-Tianjin-Hebei region. Appleby’s Hong Kong team was led by Vincent Chan, Partner in the Hong Kong office.

Upon completion of the business combination between OAG and HAVA, and related transactions pursuant to the business combination agreement, OAG Pipeline Technologies Inc., the newly formed public company, is expected to be listed on the Nasdaq Stock Market LLC. The Appleby Mergers & Acquisitions team was led by Cayman Islands Partners Alexandra Low, Articled Clerk Emily McIntyre and Paralegal Sophia Cunningham alongside other members of the corporate team.

The Symposium – which is organised by the School of International Financial Services – focuses on evolving economic crime risks, heightened regulatory scrutiny, person accountability, sanctions, fraud, and emerging technologies within the sector. Guernsey Partner Simon Florance will be speaking at the event, with Group Managing Partner* Richard Sheldon and Partner Jon Barclay joining panels throughout the day.

The approach emerging from the Amendment Act is increasingly functional and technology-neutral. Rather than focusing on the medium through which a transaction is conducted, the legislation places greater emphasis on identity, intention, reliability, integrity and control. This is particularly relevant to businesses operating across borders, high-volume digital platforms, fintech and financial services businesses, and enterprises increasingly using automated or AI-enabled systems.

After a change introduced on October 1, the Bermuda Monetary Authority requires police clearance certificates when vetting key persons at anti-money laundering and anti-terrorist financing regulated financial institutions. The change adds a prescribed source of criminal-record evidence to the BMA’s existing assessment of whether individuals are considered fit and proper.