The Bermuda Monetary Authority has made the Quarterly Financial Return templates for the quarter ended 31 March 2026 available on its website and has asked in-scope insurers to report their exposure to the ongoing Iran war and Middle East crisis. Insurance Groups and Class 4, Class 3B and Class 3A insurers that are required to file quarterly financial returns must include details of that exposure and their latest loss estimates in the 'MiddleEastExp' tab. The reporting request applies to firms already subject to quarterly financial return requirements. Where loss estimates for the crisis are still being developed, firms must submit their preliminary best estimates available at the time of filing. The Authority also reminded registrants that all insurance group and commercial insurer regulatory filings must be submitted through the BMA Submit Portal.
Bermuda Monetary Authority 2026-05-08
Bermuda Monetary Authority releases 31 March 2026 insurance return templates and requires Middle East crisis exposure reporting
The Bermuda Monetary Authority has published Quarterly Financial Return templates for the quarter ended 31 March 2026 and requested in-scope insurers to report exposure to the Iran war and Middle East crisis, including latest loss estimates in the ‘MiddleEastExp’ tab. The request applies to Insurance Groups and Class 4, Class 3B and Class 3A insurers already subject to quarterly financial returns, with preliminary best estimates acceptable where loss figures are still being developed, and filings must be submitted via the BMA Submit Portal.