Four new insurance companies incorporated in March, according to the latest update from the Bermuda Monetary Authority.There were two class three companies established, Sterling Reinsurance Bermuda Ltd and JC Re Ltd, both under the management of Marsh IAS Management Services (Bermuda) Ltd.Two special purpose inTwo special purpose insurers, Sector Re IV Ltd and QX Reinsurance Company Ltd, were also incorporated, both under the management of HSBC Insurance Management (Bermuda) Ltd.The four newcomers bring the total of new insurers established in the first quarter of 2011 to seven.The update also detailed the incorporation of new insurance intermediary, Latham Insurance Advisors Ltd.