Bamboo Insurance is homebound under new ownership

California-based MGA Bamboo Insurance will undo its previous re-domiciliation and return to Bermuda under new ownership, as reported by our sister publication Captive Review  from the Bermuda Captive Conference.

Robert Regalado (pictured), senior vice president of reinsurance and corporate development at Bamboo, recounted the company’s history to attendees, noting that the captive was originally established in Bermuda in 2020 and later moved to a US domicile following Bamboo’s acquisition by White Mountains Insurance Group.

Bamboo has since been acquired by private equity firm CVC Capital Partners, which closed in late 2025, and the company has opted to return the captive to Bermuda.

Regalado explained that the decision was driven by Bermuda’s ability to support the captive’s role across Bamboo’s multiple fronting and reinsurance relationships. He also cited the island’s flexibility and operational advantages as the firm enters its next phase of growth.

Click here to read the full story on Captive Review. 

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