The slow trickle of insurers setting up in Bermuda started again last month, with two companies incorporating on the Island during September.

Nautilus Reinsurance Ltd., a Class 2 self-managing reinsurer, was formed on September 3, with Class 3A insurance company Hiscox Capital Ltd. starting on September 18.

It brings the total number of insurance firms set up this year to 28, with none incorporated in August and two in July.