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Bermuda on Track to Comply with EU Insurer Rules

Bermuda is on course to bring capital rules for insurers into line with theEuropean Union's tough new Solvency II regime, the island's financial regulator said.

By Reuters | Updated on June 26, 2012

LONDON (Reuters) - Bermuda is on course to bring capital rules for insurers into line with theEuropean Union’s tough new Solvency II regime, the island’s financial regulator said.

“It is clear that we are on the right track,” Bermuda Monetary Authority chief executive Jeremy Cox said following a round of talks on Solvency II between the BMA and the European Commission.

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