New registrations confirmed by BMA
Six insurance-related registrations and one intermediary were confirmed by the Bermuda Monetary Authority during April. Among them were Parex Bermuda (Insurance) Ltd, a Class 1 insurer, Quantum Insurance Company Ltd, a Class 2 insurer, and Novae Bermuda Ltd and Palomar Specialty Reinsurance Company Bermuda Ltd, both Class 3A insurers.
Also confirmed were special purpose insurers Cranberry Re Ltd and Everglades Re II Ltd, and agent London American Managers Ltd.
A total of 20 insurers have had their registerations confirmed by the Authority since the start of the year, along with six intermediaries.
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