BMA registers one insurer in September
Updated: Oct 23, 2023 08:26 PM
Insurer registered: the Bermuda Monetary Authority (File photograph)
The Bermuda Monetary Authority confirmed the registration of one insurer in September, taking the yearly total to 40.
Four intermediaries have also been registered.
The BMA confirmed the registration of Home Re 2023-1 Ltd in the Restricted SPI category.
Eight insurance applications were reviewed in September by the Insurance Assessment and Licensing Committee, comprising seven new applications and one carried-forward application.
Four were approved, three were deferred and one was withdrawn.
The BMA noted that the registration/licensing of approved insurance entities is issued after the IALC application process and may be confirmed in future periods.
Comments
Published October 23, 2023 at 1:37 pm (Updated October 23, 2023 at 8:26 pm)
What you
Need to
Know
Need to
Know
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
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
