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Regulated Entities Commemorative Coins
    Regulated Entities Commemorative Coins

    NEWS AND PRESS RELEASES

    16 December 2024

    BMA Holiday Gift Drive Brings Holiday Cheer to Families in Need

    HAMILTON, BERMUDA - A staff gift drive at the Bermuda Monetary Authority (Authority or BMA) has collected just over 150 toys and more than $10,500 in gift card vouchers, bringing holiday cheer and much-needed help to chi...Read More

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    30 October 2024

    Press Release - Bermuda Monetary Authority Releases New $2 and $5 Banknotes Printed on Polymer

    BERMUDA - The Bermuda Monetary Authority (Authority or BMA) is announcing that the new $2 and $5 banknotes printed by De La Rue on SAFEGUARD® polymer substrate, a thin, flexible plastic material, will enter circulation t...Read More

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    16 October 2024

    Press Release - Fraudulent Website - Stillman Crypto Brazil

    The Bermuda Monetary Authority (Authority or BMA) has been made aware of a website which contains fraudulent information: https://www.stillmancriptobrazil.com/Read More

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    7 October 2024

    Bermuda Monetary Authority Participates in Third Annual Community Day Event

    BERMUDA—The Bermuda Monetary Authority (Authority or BMA) participated in its Third Annual Community Day event on Thursday, 3 October. This employee-led initiative unites staff for a day of volunteering to support charit...Read More

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    3 October 2024

    Investor Protection and Education Promoted by the Bermuda Monetary Authority for World Investor Week 2024

    HAMILTON, BERMUDA –The eighth annual celebration of World Investor Week started today with a public education campaign dedicated to raising awareness about the importance of investor education, protection and financial l...Read More

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    1 October 2024

    Public Warning: Phishing Attempts from Individuals Misrepresenting the BMA

    HAMILTON, BERMUDA—The Bermuda Monetary Authority (Authority or BMA) issues a warning today about a phone phishing scam in which an individual tried to obtain banking details from a member of the public. The caller misrep...Read More

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    10 June 2024

    The Bermuda Monetary Authority and the Financial Services Regulatory Authority of the Abu Dhabi Global Market Sign a Digital Assets MoU

    HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) and the Financial Services
    Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) announce the signing of a joint Digital
    A...Read More

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    31 May 2024

    The Bermuda Monetary Authority and Lloyd's Commit to Fostering Innovation and Education Access with MoU

    HAMILTON, BERMUDA—The Bermuda Monetary Authority (Authority or BMA) and Lloyd's signed a Memorandum of Understanding (MoU) this week to promote innovation and collaboration in the international insurance market.Read More

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    9 May 2024

    Public Service Warning from the BMA - Phishing Attempt

    HAMILTON, BERMUDA—On Thursday, 9 May 2024, the Bermuda Monetary Authority (Authority or BMA) was made aware of several e-mail phishing attempts targeting Bermuda-based financial services licensees registered with the Aut...Read More

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    14 March 2024

    The Bermuda Monetary Authority Collaborates with Lloyd’s

    The Bermuda Monetary Authority to Collaborate with Lloyd’s to Foster Innovation and Education AccessRead More

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    8 March 2024

    Bermuda Monetary Authority Celebrates International Women’s Day

    HAMILTON, BERMUDA – Today, on International Women’s Day (IWD), the women of the Bermuda Monetary Authority (Authority or BMA) are standing strong together to #InspireInclusion.Read More

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    22 January 2024

    The Bermuda Monetary Authority Publishes Its 2024 Business Plan

    HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) released its 2024 Business Plan today.Read More

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    22 December 2023

    Notice - Vesttoo Alpha P&C Fund, LP

    HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) has revoked the registration of Vesttoo Alpha P&C Fund, LP (Vesttoo Fund).Read More

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    18 December 2023

    Supervision and Regulation of Private Equity Insurers

    There are numerous insurance articles that, while acknowledging the benefits that could be brought by private equity and alternative asset managers, have outlined the risks and potential issues that arise from this parti...Read More

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    6 December 2023

    Toys for Tots Gift Drive

    HAMILTON, BERMUDA – A staff gift drive at the Bermuda Monetary Authority (Authority or BMA) has collected more than 100 toys for children benefiting from the annual Toys for Tots programme operated by the charity the Coa...Read More

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    2 October 2023

    Bermuda Monetary Authority Participates in Second Annual Community Day Clean-Up Event

    BERMUDA – The Bermuda Monetary Authority (Authority or BMA) participated in its Second Annual Community Day by hosting an Island Wide Clean-Up event on Thursday, 28 September 2023.Read More

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    2 October 2023

    Investor Education and Protection Promoted by the Bermuda Monetary Authority for World Investor Week 2023

    HAMILTON, BERMUDA – Today, the Bermuda Monetary Authority (Authority or BMA) launches a week-long online public education campaign aimed at helping investors protect themselves by making informed choices.Read More

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    24 August 2023

    Bermuda Monetary Authority Levies Civil Penalties on Acadia Life Limited

    HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) has levied civil penalties totalling $900,000 on Acadia Life Limited (Company), an entity registered by the Authority under the Insurance Act 1978 (In...Read More

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    24 August 2023

    Bermuda Monetary Authority Levies Civil Penalties on Acadia Life International Limited Supervision and Regulation

    HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) has levied civil penalties totalling
    $100,000 on Acadia Life International Limited (Company), an entity registered by the Authority under the...Read More

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    18 August 2023

    The Bermuda Monetary Authority and White Rock Bermuda Jointly Agree to Take Action to Address Alleged Fraud at Vesttoo

    HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) and White Rock Insurance (SAC) Ltd. (White Rock Bermuda) today jointly agreed to a course of action in the Supreme Court of Bermuda that will focus on...Read More

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    8 August 2023

    The BMA Commences Compulsory Winding Up Proceedings with Respect to Vesttoo Alpha P&C Ltd.

    HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) issued proceedings in the Supreme Court of Bermuda, Commercial Court jurisdiction, for the appointment of Joint Provisional Liquidators (JPLs) with re...Read More

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    20 March 2023

    Toby Mason Appointed Chief Operating Officer of the Bermuda Monetary Authority

    HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) has appointed Toby Mason as the Authority’s next Chief Operating Officer (COO), reporting to Deputy Chief Executive Officer Shanna Lespere.Read More

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    25 January 2023

    The Bermuda Monetary Authority Publishes Its 2023 Business Plan

    HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) released its 2023 Business Plan today.Read More

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    19 December 2022

    BMA Donation Drive Brings Comfort to Nursing Home Residents

    HAMILTON, BERMUDA – A staff donation drive at the Bermuda Monetary Authority (Authority or BMA) has collected more than 350 items of clothing and supplies for the residents of six government-run nursing homes across the...Read More

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    6 December 2022

    Bermuda (Re)insurers Losses Survey - Hurricane Ian (Florida)

    HAMILTON, BERMUDA – Bermuda (re)insurers estimate that they will incur gross claim losses of more than US$13 billion in payments to policyholders and cedants in the United States (US) to cover the damaging effects of Hur...Read More

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    24 November 2022

    The Bermuda Monetary Authority Releases 2021 Captive Report

    HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) released the 2021 BMA Captive Report. This report highlights the market results from the 2020 year-end statutory financial returns submitted through t...Read More

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    9 November 2022

    Press Release - Bermuda Monetary Authority Legacy Banknote Campaign

    HAMILTON, BERMUDA – Today, the Bermuda Monetary Authority (Authority or BMA) launches its campaign ‘Deposit It or Exchange It’ to remind the public that, from 31 December 2022, they will have one year to deposit or excha...Read More

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    10 October 2022

    Press Release - Bermuda Monetary Authority Participates in First Annual Community Day Clean-up Event

    HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority or BMA) participated in its first Annual Community Day event on Thursday, 6 October 2022. The Authority spent the day cleaning up various parts of the island...Read More

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    3 October 2022

    Press Release - Bermuda Monetary Authority Participates in World Investor Week 2022

    HAMILTON, BERMUDA – Today, the Bermuda Monetary Authority (Authority or BMA) launched its participation in the International Organization of Securities Commissions (IOSCO) World Investor Week 2022.Read More

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    11 August 2022

    Press Release - Bermuda Monetary Authority Act 1969 Amended to Expand Bermuda Monetary Authority’s Mandate

    HAMILTON, BERMUDA – Bermuda’s Governor has provided assent to a bill to amend the Bermuda Monetary Authority Act 1969 (BMA Act) by adding a principal object to cover matters related to the conduct of business by financia...Read More

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