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.