18 January 2021News

BMA registers 67 insurance entities in 2020

The Bermuda Monetary Authority registered ten new re/insurance entities in December, taking the total number of registrations for 2020 to 67.

This compares with the 58 new re/insurance entities registered by the BMA in 2019.

Among the new entities registered in December were three collateralised insurers and three special purpose insurers. There was also one single parent captive, one class three insurer, one class C long term insurer and an insurance agent.

More on this story

25 September 2023   Public services reported to still be struggling to recover today.
21 September 2023   Eleven more entities were confirmed through August 2022, according to BMA statistics.
25 August 2023   The Re/insurer failed to comply with anti-money laundering regulations.