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