News
Insurance move to monopoly ‘untenable’, says Cannonier
5+ hour, 25+ min ago (692+ words) An opposition MP has called on the Government to examine practices that could create monopolies within the island's healthcare system. Craig Cannonier, the Shadow Minister of Health, said today that the recent announcement by a top insurer on restrictions on…...
Seniors’ healthcare to get $15m boost in today’s Budget
6+ day, 18+ hour ago (274+ words) The Bermuda Budget will allocate $15 million towards healthcare for low-income seniors. A preview into tomorrow's statement showed cash directed at FutureCare premium subsidies, aimed at assisting older residents. This expanded support, according to a government spokeswoman, was in line with…...
Guidebook for retirees now available online
2+ week, 3+ day ago (186+ words) A new guidebook aims to make it easier for people who wish to retire in Bermuda. The Ministry of Social Development and Seniors and the Ageing Well Committee designed the resource, Envision your Retirement: 2026 Planning Guide to Retirement, now available…...
Insurance registrations tick up in November
2+ mon, 1+ week ago (284+ words) Bermuda's insurance market posted a stronger showing in November, with eight new registrations confirmed, marking the most active month since April and lifting year-to-date formations to 56 entities, according to the Bermuda Monetary Authority's latest Insurance Registration Statistics. November's total includes…...
Increased government health insurance coverage outlined
2+ mon, 2+ week ago (373+ words) A "significant package of enhanced coverage" for Health Insurance Plan and FutureCare policyholders has been outlined by the Minister of Health. Kim Wilson provided an update on progress towards the implementation of Universal Health Coverage in a ministerial statement in…...
BMA advances tougher disclosure rules for life insurers
4+ mon, 3+ week ago (166+ words) The proposals, first put forward in December 2024, would require Class C, D and E insurers to publish more detailed information about their assets and liabilities. Domestic insurers are not included. The BMA said the new regime aimed to make asset…...
Insurance costs rise for government workers
5+ mon, 3+ week ago (331+ words) Health Insurance contributions for government workers have risen by $50 per month, and are set to rise by another $100 in the coming years. The Government Employees (Health Insurance) (Rates) Amendment Order 2025 formally came into effect on August 29, increasing rates across the…...
US health insurers get negative outlook
6+ mon, 1+ day ago (412+ words) AM Best has revised its outlook on the American health insurance segment to negative from stable due to increased utilisation, higher medical costs across the industry and other significant segment challenges. In its report Market Segment Outlook: US Health Insurance,…...
OBA wades into insurer’s decision to downgrade hospital coverage
7+ mon, 2+ week ago (626+ words) A top health insurance firm's change in status for a popular overseas paediatric hospital has been queried by the Opposition after some clinics claimed the move had taken them by surprise. Robin Tucker, the Shadow Minister of Health, spoke after…...
Insurer defends travel policy change for medical patients
8+ mon, 2+ week ago (608+ words) A leading health insurer has launched new options that could cut travel coverage for some of its medical patients, citing client frustrations with high costs and the difficulty of arranging travel on their own. BF&M and Argus stated that…...