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Jeremy Cox, chief executive of the Bermuda Monetary Authority, has said that Britain's departure from the European Union would not affect Bermuda's ability to successfully negotiate with the EU on matters of regulation and securing fair access for the island's insurance sector to the EU market, The Royal Gazette reported. Bermuda achieved Solvency II equivalence in 2015, with the EU recognizing that the island's insurance regulation is at the same level as the EU's new insurance rules.