The Bermuda Monetary Authority (BMA) registered seven new re/insurance entities in October.
Six special purpose insurers (SPI) were registered with the BMA in October, including Oaktown Re V, La Vie Re, Phoenician Re, SIG (ISA)-2, Bellemeade Re 2020-3 and Four Lakes Re.
Vantage Risk, a class four re/insurer underwriting direct excess liability insurance and/or property catastrophe reinsurance risks, also registered in Bermuda.
It takes the total number of new re/insurance entity registrations in Bermuda for the year to the end of October to 51, 24 of which are SPIs.
Bermuda Monetary Authority, BMA, Oaktown Re V, La Vie Re, Phoenician Re, SIG (ISA)-2, Bellemeade Re 2020-3, Four Lakes Re, Vantage Risk