Bermuda stresses Solvency II equivalence will serve it
Saturday, 06 25 2016, Category: Insurance and Reinsurance, Country: World
Bermuda’s Association of Bermuda Insurers and Reinsurers (ABIR) has moved to stress that the island will continue to benefit from Solvency II equivalence despite the UK’s exit from the EU but noted that some of its members will review their corporate structures in light of the move.
“Bermuda’s Solvency II equivalence finding by the European Union will serve us well as the UK negotiates its multi-year transition out of the EU. The Bermuda equivalency is unaffected by the UK vote,” said Bradley Kading, president and executive director of ABIR.
Source: Intelligent Insurer