Bermuda Regulator Posts Insurer Asset Statements Online
The Bermuda Monetary Authority has published year-end 2025 asset and liability statements for commercial long-term insurers on its public website for the first time.
Updated on Nov. 4, 2026 in Financial Services
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The Bermuda Monetary Authority posted Asset and Liability Statements for commercial long-term insurers on its public website for the first time. The statements were submitted as part of year-end 2025 filings and detail reserves, bonds and loans, structured assets, mortgage loans and derivatives.
Why it matters
Regulators have pressed for greater transparency around fair pricing, liquidity, private credit assets and conflicts of interest in asset-manager-owned life insurers. The disclosures give outside observers a clearer view of how these firms match their assets against liabilities.
The statements cover year-end 2025 filings from commercial long-term insurers, a sector backed by more than $1.5 trillion in assets under management as of September 2025. The extraction does not specify how many insurers are included or how the figures compare with earlier periods.
The players
Bermuda Monetary Authority
The Bermuda Monetary Authority is the integrated financial regulator for Bermuda's banking, insurance and investment sectors, and it oversees the island's large life reinsurance market.
Petra Hielkema
Petra Hielkema is the chief executive of the Bermuda Monetary Authority and has been a prominent voice on insurance supervision and industry transparency.
The details
Insurers submitted the statements in spreadsheet form as part of their year-end 2025 filings, and each includes an explanation of how the company believes it has matched its assets and liabilities. Summary graphics show assets against liabilities, currency distribution and asset composition, and access is free after users complete a short online survey for each statement.
Timeline
November 4, 2026: The BMA published the Asset and Liability Statements on its public website.
Year-end 2025: The insurer filings covered by the published statements were prepared.
April 2026: BMA Chief Petra Hielkema warned insurers at the 2026 BMA Forum.
Year-end 2026 and subsequent periods: A subscription-based access model is planned, subject to legislative and operational arrangements.
Market Landscape
The move follows Bermuda's statutory requirement that commercial insurers make their financial condition reports public, which places the island's life reinsurance sector under closer scrutiny. Publishing the statements online extends that disclosure regime to broader public access.
The statements are free to access after a short survey, giving policyholders, analysts and investors a direct look at how insurers hold reserves and match liabilities. Future access may move to a paid subscription model, changing what it costs to review the same filings.
The takeaway
Greater public access to insurer balance sheets lets outside readers judge reserve adequacy and asset quality for themselves. Anyone following life insurers should check these statements when assessing a company's exposure to private credit and structured assets.
What happens next
The BMA aims to introduce a subscription-based access model for year-end 2026 filings and later reporting periods, with terms and any fees to be announced in due course.
Further reading
Explore more Financial Services coverage for context on how regulators are reshaping insurer disclosure.
Source note: This article includes information reported by The Royal Gazette.
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