Notice - Public Consultation on the Guidance Note for Recovery Planning Requirements for Bermuda Commercial Insurers (2025-04-11)

Summary

This is a BMA notice announcing a public consultation on a draft Guidance Note for Recovery Planning Requirements applicable to Bermuda commercial insurers. The Guidance Note provides additional guidance under the Insurance (Prudential Standards) (Recovery Plan) Rules 2024. The Authority has published a Stakeholder Letter alongside the draft Guidance Note and is inviting industry feedback before finalising it.

• What was published: A Stakeholder Letter and a draft Guidance Note titled Guidance Notes for Recovery Planning Requirements, elaborating on the Insurance (Prudential Standards) (Recovery Plan) Rules 2024.
• How to respond: Stakeholders wishing to comment should email feedback to FSRD@bma.bm.
• Consultation deadline: Comments must be submitted by Friday, 11 July 2025.

Applies to

Bermuda commercial insurers

Deadlines

• Friday, 11 July 2025: Deadline for industry stakeholders to submit feedback on the draft Guidance Note for Recovery Planning Requirements to FSRD@bma.bm