Insurance Groups and Commercial Insurers - Quarterly Financial Return Templates and Liability Exposure to the Ongoing Iran War/Middle East Crisis (2026-05-08)

Summary

This BMA notice announces that the Quarterly Financial Return templates for the quarter ended 31 March 2026 are now available online, and directs certain insurers to report their exposure to the ongoing Iran war and Middle East crisis as part of that filing.

• Templates published: Quarterly Financial Return templates for Q1 2026 (quarter ended 31 March 2026) are available on the BMA reporting forms and guidelines webpage.
• New reporting field: Insurance Groups, Class 4, Class 3B and Class 3A Insurers required to file quarterly financial returns must include details of their exposure to the Iran war/Middle East crisis and their latest loss estimates in the 'MiddleEastExp' tab.
• Preliminary estimates accepted: Where loss estimates are still developing, insurers should report their preliminary best estimates available at the time of filing.
• Filing channel reminder: All insurance group and commercial insurer regulatory filings must be submitted via the BMA Submit Portal (submit.bma.bm).

The notice is informational in nature but embeds a specific new disclosure requirement tied to the current quarterly return cycle; affected insurers should contact RiskAnalytics@bma.bm for further guidance.

Key obligations

• Insurance Groups, Class 4, Class 3B and Class 3A Insurers filing quarterly financial returns must complete the 'MiddleEastExp' tab detailing their exposure and latest loss estimates relating to the Iran war/Middle East crisis.
• Where final loss figures are unavailable, insurers must report their preliminary best estimates at the time of filing the quarterly financial return.
• All insurance group and commercial insurer regulatory filings must be submitted through the BMA's Submit Portal (submit.bma.bm).

Applies to

Insurance Groups, Class 4 Insurers, Class 3B Insurers, Class 3A Insurers, Commercial Insurers