Insights From the Bermuda Monetary Authority: Proportionality in Practice and Bermuda’s Evolving Life and Annuity Insurance Market

On June 23, Skadden’s New York office hosted the Bermuda Monetary Authority for a discussion on the evolution of Bermuda’s life and annuity regulatory framework. The event, “Insights From the Bermuda Monetary Authority: Proportionality in Practice and Bermuda’s Evolving Life and Annuity Insurance Market,” covered Bermuda’s market evolution and opportunities, the development and strategic rationale of regulatory proportionality within Bermuda’s life and annuity framework, how to successfully balance regulatory mandates with commercial objectives in dynamic markets, and emerging challenges and opportunities as regulatory expectations continue to evolve. Skadden speakers included insurance M&A and reinsurance co-head Elena Coyle, who moderated the discussion, and financial institutions counsel Cecelia MacDonald, who provided opening remarks.