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Two new insurers registered

A total of two new companies were registered in Bermuda last month.

TDL Bermuda, a Class 1 firm, and Class D Old Mutual (Bermuda) Re joined the ranks of the business world.

The two brings the number of new company registrations so far this year to 47. There were 38 insurers added by the Bermuda Monetary Authority (BMA) and 11 intermediary firms.

The BMA said it looked at four insurance applications last month.

Two were approved, one application was deferred and one was declined, while a further application was deferred from previous months.

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Published August 11, 2015 at 9:00 am (Updated August 10, 2015 at 8:58 pm)

Two new insurers registered

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