Bermuda's financial regulators' compliance with International Monetary Fund regulatory oversight standards, especially in supervising large commercial insurance and reinsurance companies, has drawn IMF praise in a report.

The IMF assessment was issued to evaluate Bermuda's progress in updating its oversight of financial companies since its last review in 2003.

"Bermuda's insurance supervision, especially for the large commercial (re)insurance companies, is highly observant of the core principles established by the International Association of Insurance Supervisors," the report said.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.