BMA publishes updated guidance note for general business SAC insurers, effective 1 January 2027

With an effective date roughly two months away, affected insurers and their service providers have limited time to assess governance and reporting gaps. Firms should map their current arrangements against the new note and engage the regulator early on any waivers or modifications they will need.

What Happened

The Bermuda Monetary Authority published an updated Guidance Note for general business insurers using Segregated Accounts and Separate Accounts, following extensive market consultation. It covers licensing, waivers and modifications, governance expectations, risk management practices and reporting requirements. The requirements take effect on 1 January 2027.

Why It Matters

With an effective date roughly two months away, affected insurers and their service providers have limited time to assess governance and reporting gaps. Firms should map their current arrangements against the new note and engage the regulator early on any waivers or modifications they will need.

Sources

• Bernews (opens in a new tab): BMA Updates Guidance For SAC Insurers (2026-10-23)

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This story is part of the Laurenceo Intelligence briefing for 24 October 2026, a daily sourced briefing on AI, technology and enterprise risk published in Bermuda by Laurenceo, founded by Jorai Laurenceo. It is produced by an automated research pipeline and checked before publication; how this is made. General information only, not legal, regulatory or financial advice.