Nine new insurance registrations were confirmed last month, according to information released by the Bermuda Monetary Authority today.

There were also eight insurance applications reviewed in January in the monthly insurance assessment and licensing committee application review.

They included five new applications and three that had been carried forward. All eight applications were approved by the IALC. The registration of approved insurance entities occurs after the IALC application process has concluded.

Out of the nine new registrations, there was one Class A, three Class E, one Class 4 and two collateralised insurers and two Restricted Special Purpose Insurers.

Thermos Re is a long-term captive insuring only the risks of the owner or affiliates.

Global Atlantic Insurance Opportunities Reinsurance Ltd, Prudential Bermuda ISAC Ltd and Prudential Bermuda Re ISA Ltd are commercial long-term insurers with total assets greater than $500 million.

Beazley Bermuda Insurance Ltd is a large commercial insurer writing excess liability and/or property catastrophe reinsurance, requiring minimum capital and surplus of at least $100 million.

Home Re 2026-1 Ltd and Sanders Re IV Ltd are Restricted Special Purpose Insurers.

Clear Star Re Ltd and Monarch Point Re (ISA 2026) Ltd are collateralised insurers, similar to SPIs for complex, fully collateralised ILS transactions.