Bermuda Monetary Authority

The Bermuda Monetary Authority (BMA) is Bermuda's integrated financial regulator, overseeing insurance, reinsurance, banking, trust companies, and digital asset businesses. Bermuda is the world's leading domicile for ILS and catastrophe bonds, and the BMA is the regulatory body responsible for licensing and supervising the market. The BMA has developed several innovation-focused frameworks including the Innovative Insurer designation and the Digital Asset Business Act (DABA), making Bermuda the most advanced jurisdiction for the convergence of traditional (re)insurance and digital asset capital.