Bermuda’s BMA to Consult Industry on New Parametric SPI Class
The Bermuda Monetary Authority (BMA) is set to consult the industry on a new special purpose insurer (SPI) class focused on parametric triggers, as announced at the ILS Bermuda Convergence 2025 conference.
The industry is seeing an increasing interest in novel insurance-linked securities (ILS) structures, particularly climate-linked parametric triggers.
Taijaun Talbot, Assistant Director, Supervision (Insurance), BMA, and Sarah Demerling, Partner at Walkers Bermuda, discussed the development during a panel session.
The new SPI class is in its final stages of implementation.
Author's summary: BMA to introduce new SPI class.More News
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