Log In

Reset Password

New insurance entities registered in May

The Bermuda Monetary Authority confirmed the registration of five insurers in May, taking this year’s number of new registrants to 32.

The BMA approved two restricted special purpose insurers – Eagle Re 2022-1 Ltd and Marlin Re Ltd – as well as Freestone Re Ltd in class C, Welsch Insurance Ltd in class 1, and Chainproof Digital Asset Insurance Ltd in class IGB (innovative general business).

Twelve restricted SPIs have been registered this year in addition to five class 3A insurers, two each in classes 1, C, E, and IGB, and one each in classes 2, 3, 3B, 4, unrestricted SPI, collateralised, and IIGB (innovative insurer general business).

In addition, one broker has been registered as an intermediary.

The Bermuda Monetary Authority registered five insurers in May, taking the total of new registrants for the year to 32 (File photograph)

You must be Registered or to post comment or to vote.

Published June 14, 2022 at 1:28 pm (Updated June 14, 2022 at 7:11 pm)

New insurance entities registered in May

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon