The Bermuda Ministry of Finance has tabled the Bermuda Monetary Authority's 2025 annual report, setting out the supervisor's main policy actions and performance across banking, insurance, investment, digital asset and exchange activities. The report highlights 2025 legislative proposals to tighten insurance group oversight, including wider criteria for group supervision and a regime for designated insurance holding companies, expand the authority's power to make rules on statutory financial statements, and allow information sharing with the Bermuda Deposit Insurance Corporation to support management of a banking crisis. It also records new custody requirements for client assets held by digital asset businesses, enhancements to insurer solvency rules and regulations on banks' over-the-limit and unauthorised overdraft fees. Sector data show growth in several supervised markets. Bank consolidated assets rose to 26.1 billion from 23.7 billion, digital asset business providers increased to 49 from 36, and assets under management reported by licensed investment providers reached 300.2 billion from 230.5 billion. Insurance registrations fell to 1,210 from 1,239, but 2024 year-end insurance totals increased to 447 billion in capital and surplus, 362 billion in gross premiums written and 2.17 trillion in assets. The annual report also shows the authority's net income at 18.55 million on revenue of 150.7 million and expenses of 132.15 million, and the Auditor General issued a clean opinion on the 2025 financial statements.

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