Four new insurance companies set up in July
Four re/insurance companies and one broker set up in Bermuda during July, bringing the total number of new companies in the industry for the year to 31.
Class 2 insurer Seven Oaks Insurance Ltd was formed by Marsh IAS Management Services Ltd on July 7.
Embarcadero Reinsurance Ltd and Hoplon Insurance Ltd, both Special Purpose Insurers, were established by Horseshoe Management Ltd the day after.
Brookfield Life and Annuity Insurance Company Ltd was registered by Aon Insurance Managers (Bermuda) Ltd on July 20, followed by Howden Insurance Brokers, a broker, on July 26.