GAZZETTA UFFICIALE DELL'ORDINE SOVRANO MILITARE DI MALTA

OFFICIAL GAZETTE OF THE SOVEREIGN MILITARY ORDER OF MALTA (GUOSMM)

---

**Document ID:** `GUOSMM-B-2026-004`

**Series:** B — Monetary authority / prudential

**Status:** production publication source

**Parent:** `GUOSMM-B-2026-003` (Hermes Insurance charter)

1 — Scope

Programme-level solvency, reserves, and reinsurance standards for **captive and contingent insurance** under OMNL supervision — not general retail insurance in nation-state markets.

2 — Programme reserves

2.1 Programme reference ceiling per charter: USD 120,000,000,000 (allocation HERMES-100B) — collateral reference scale, not policyholder statutory capital.

2.2 Contingent exposures shall maintain reserves proportionate to admitted programmes, documented in Series E transparency reports when material.

3 — Reinsurance

3.1 Reinsurance arrangements require compliance review and institutional counsel gate before binding external reinsurers.

3.2 Track B closure required for reinsurance with nation-state licensed carriers.

4 — Underwriting governance

4.1 Technology-assisted underwriting remains ancillary; licensed decisioning requires HO batch pool + prudential supervisor oversight per `GUOSMM-E-2026-002`.

4.2 Primary insurer pool liaison: Bernard Niehaus (Officers Pool Insurer role).

5 — Reporting

5.1 Material programme changes publish via GUOSMM Series B amendment or Series E notice.

5.2 External regulatory reporting requires domicile-specific Track B approval.

6 — Cross-references

---

*Signing authority: Sovereign Military Order of Malta*