BERMUDA Law and Practice Contributed by: Brad Adderley, Matthew Carr, Max Tetlow, Cathryn Minors, Josephine Noddings, Aleisha Hollis, Melinda Mayne, Milaun Perott and Mya Gibbons, Appleby
The Amendment Act also provides that certain approv- als and notifications applicable to insurers registered under the Insurance Act would be extended to the Bermuda holding companies that fall within the remit of supervision. The Amendment Act provides that, where an insurance group becomes subject to group supervision as of the commencement date, the group will have 12 months from that date to take such steps as are required for the purposes of group supervision by the BMA.
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