Is Bermuda going regulation mad?

A recent report by the International Monetary Fund (IMF) on Bermuda contained 35 recommendations for increasing regulation over (re)insurance in a move that would bring an unprecedented amount of paperwork to the managers of companies incorporated in the world's third-largest reinsurance market.The recommendations vary from giving more responsibility to auditors to spot checks to scrutiny of specific companies by special investigators from the industry supervisor, the Bermuda Monetary Author