17 May 2023Analysis

Bermuda registers new captives

The Bermuda Monetary Authority (BMA) has released the latest figures for insurance company registrations on the island, including two captives.

According to the BMA, Apex Captive, a Class 1 single-owner captive insurance company, registered on April 20, along withSeven30 Insurance (Bermuda) Co, a Class 2 multi-owner captive on April 27.

Two restricted special purpose insurers were also registered on Bermuda, Purple Re on April 3 and Bayou Re on April 17.

Finally on April 26 collateralised insurer Arbol Re was registered.