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Four new insurance companies registered

New companies: the BMA registered four new insurance companies last month

The Bermuda Monetary Authority registered a total of four new insurance companies last month.

Zurich Management (Bermuda), Kuvare Life Re, Offshore Reinsurer (Bermuda) and Windhaven Insurance all joined the BMA register.

The year to October showed a total of 29 new insurers and 13 new intermediary firms.

There were five insurance applications reviewed in October.

Two of the applications were approved, two applications were deferred and one application was withdrawn.

Registration/licensing of approved insurance entities is subsequent to the Assessment and Licensing Committee application process and may be confirmed in future periods.