Hermes Insurance — Prudential Programme Standards

# GAZZETTA UFFICIALE DELL'ORDINE SOVRANO MILITARE DI MALTA
# OFFICIAL GAZETTE OF THE SOVEREIGN MILITARY ORDER OF MALTA (GUOSMM)

| Field | Value |
|-------|-------|
| Document ID | `GUOSMM-B-2026-004` |
| Series | B |
| Document type | Prudential Programme Standards — Insurance |
| Published | 2026-07-01T22:00:00Z |
| Effective | 2026-05-02T00:00:00Z |
| Parent charter | `GUOSMM-B-2026-003` |

---

**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

- `GUOSMM-B-2026-001` (Central Bank Charter — supervisory frame)
- `GUOSMM-B-2026-002` (Reserve Asset Policy)
- `GUOSMM-B-2026-003` (Hermes Insurance Operations Charter)
- `GUOSMM-E-2026-002` (Governance notice)

---

*Signing authority: Sovereign Military Order of Malta*