A total of eight insurance company registrations were confirmed in July, the Bermuda Monetary Authority reported.

Class two registrations, which are required to maintain minimum capital and surplus of $250,000, include Pomorum Insurance Company Ltd and Coastal Properties Insurance (Bermuda) Ltd, while Picadilly Insurance Company Ltd has come in as a class three, which requires it to maintain minimum capital and surplus of $1 million.

Vanbridge Life and Annuity Company Ltd is a C class insurer, which must maintain minimum capital and surplus of $500,000.

Intermediaries include Equinox Alternative Investments Services (Bermuda) Ltd, registered as a manager, Clearwater Partners Ltd has registered as an agent, while TigerRisk Partners Bermuda Ltd has registered as a broker. Hoplon II Insurance Ltd is a new special purpose insurer for Bermuda.

Now at seven months into 2014, Bermuda has registered 41 new insurers, along with a total of 11 intermediaries: four agents, four managers and three brokers.