BMA registers a multi owner captive in May

21-06-2021

BMA registers a multi owner captive in May

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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

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