Premier Burt Meets Luxembourg PM to Discuss International Finance

Bermuda Government News

Published March 25th, 2026

Detected March 26th, 2026

Summary

Bermuda's Premier David Burt met with Luxembourg's Prime Minister and other officials to discuss international finance, insurance, and investment. The meetings aimed to strengthen bilateral relations and highlight Bermuda's regulatory standing. Discussions also explored investment partnerships and reinforced Bermuda's commitment to Solvency II equivalence with the EU.

View original document View source feed page

What changed

Bermuda's Premier David Burt met with Luxembourg's Prime Minister Luc Frieden and other senior officials on March 24, 2026, to advance Bermuda's interests in international finance, insurance, and investment. The discussions focused on strengthening bilateral relations, highlighting Bermuda's compliant and transparent regulatory framework, and exploring investment partnerships with the European Investment Bank. Meetings with the Luxembourg Insurance and Reinsurance Association (ACA) reinforced shared interests and Bermuda's commitment to Solvency II equivalence with the EU.

This notice serves as an informational update on diplomatic and business development activities. While no immediate compliance actions are required for regulated entities, the discussions underscore Bermuda's ongoing engagement with international financial centers and its commitment to maintaining high regulatory standards. Compliance officers should note the emphasis on Solvency II equivalence and Bermuda's positioning as a trusted international finance jurisdiction.

Source document (simplified)

Premier Burt meets Prime Minister of Luxembourg

25 March, 2026

The Premier and Minister of Finance, the Hon. David Burt, JP, MP, visited Luxembourg yesterday, 24 March, to conduct a series of high-level meetings with senior government officials, financial institutions, and industry leaders, advancing Bermuda's interests in international finance, insurance, and investment.

At the governmental level, the Premier met with Luc Frieden, Prime Minister of Luxembourg and Gilles Roth, Minister of Finance. These meetings provided an opportunity to strengthen bilateral relations, discuss matters of international finance, and highlight Bermuda's track record as a compliant, transparent, and well-regulated international business jurisdiction.

Premier Burt also met with Ioannis Tsakiris, Vice President of the European Investment Bank (EIB), to explore opportunities for technical support and investment partnerships.

Additionally, the Premier held a meeting with Nicolas Limbourg, President, and Marc Hengen, Managing Director, of the Luxembourg Insurance and Reinsurance Association (ACA). The discussions underscored the shared interests of Bermuda and Luxembourg as leading global insurance and reinsurance jurisdictions, and reinforced Bermuda's continued commitment to maintaining its Solvency II equivalence with the European Union.

On the visit, Premier Burt said, “Our message to partners in Luxembourg and across the EU remains consistent: Bermuda is a trusted, compliant, and forward-looking partner. We are committed to engaging constructively on international finance, and to ensuring that our jurisdiction remains at the forefront of global finance and innovation.”

The Premier was supported on this visit by Financial Secretary, Chidozie Ofoego and Aliyyah Ahad, Director & EU Representative, Brussels Office.

Premier Burt has now returned to London, where he will attend the Premier of a new documentary celebrating the life and legacy of Bermudian football pioneer Clyde Best MBE before returning to Bermuda on Thursday.