BMA registers three insurers
Updated: Jun 18, 2024 08:51 PM
Bermuda Monetary Authority headquarters in Hamilton (File photograph)
The Bermuda Monetary Authority confirmed the registration of three insurers in May, taking the yearly total to 24.
The island’s financial services regulator has also registered four intermediaries.
The BMA registered Puerto Rico Parametric Re Ltd in the Restricted SPI category, GA Iris Re Ltd in Class E, and Bo Wang Re (Bermuda) Ltd in the IGB category.
Eight insurance applications were reviewed in May by the Insurance Assessment and Licensing Committee, all of which were approved.
The BMA noted that the registration/licensing of approved insurance entities is issued after the IALC application process and may be confirmed in future periods.
Comments
Published June 18, 2024 at 3:55 pm (Updated June 18, 2024 at 8:51 pm)
What you
Need to
Know
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon
