This publication has been prepared for the assistance of those who are considering the formation of a “special purpose insurer” in Bermuda. It deals in broad terms with the requirements of Bermuda law for the establishment and operation of such companies under the Insurance Act 1978. It is not intended to be exhaustive but merely to provide brief details and information on the topic. We recommend that persons seek legal advice in Bermuda on any specific proposals they may have before taking steps to implement them. In addition, before proceeding with any such proposals, persons are advised to consult with their tax, legal and other professional advisers in their respective home
Copies of the Insurance Act 1978 together with the regulations promulgated thereunder are available on request.