The number of new insurance companies formed in Bermuda this year rose to 35 nine more than the same time in 2010.Special Purpose Insurer Vecta I Ltd was set up by Aurigen Services Ltd on August 29, with the company’s registration being issued retroactively to correspond with the receipt of all the registration documentation and the certificate being issued at a later date upon the successful review of requested additional information.Two Rock Insurance Management Ltd, a manager, was incorporated on September 19, bringing the total number of intermediaries to six.Meanwhile BMC Insurance Company Ltd was formed by JLT Insurance Management (Bermuda) Ltd on September 30.