The Bermuda Monetary Authority (BMA) confirmed nine new re/insurance entity registrations in May 2021.
Among the new re/insurers registered in May were five new restricted special purpose insurers (SPI), including Wrigley Re, Radnor Re 2021-1, Bellemeade Re 2021-2, Titania Re and Baldwin Re.
The BMA also registered two new class three re/insurers - SEROAM Bermuda Insurance ISAC and Autolinx Bermuda ISA - and a class two multi-owner captive, Sundial Insurance Bermuda. North End Re, a class E long term re/insurer, also received approval to operate in Bermuda.
The BMA has registered 27 new re/insurance entities in total in 2021 to the end of May.
Bermuda Monetary Authority, BMA, Wrigley Re, Radnor Re, Bellemeade Re, Titania Re, Baldwin Re, SEROAM, Autolinx, Sundial Insurance, North End Re