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Best Reports Bermuda Inching Toward Solvency II Equivalence

A.M. Best has issued a briefing report, which notes that “Bermuda moved one step closer to achieving Solvency II equivalence on November 26, 2015 when a delegated act regarding the equivalence of the supervisory regime for insurance and reinsurance undertakings in force in Bermuda was sent to the EU Parliament and Council for a three-month scrutiny period.”..