10 February 2021Bermuda analysis

BMA confirms one captive registration in January

The Bermuda Monetary Authority (BMA) licensed BPG Bermuda Insurance as a multi owner captive in January.

The new captive was one of three re/insurance entities registered by the BMA in January. It also registered Home Re 2021-1 as a special purpose insurer, while Argo Insurance Services Bermuda was licensed as an agent.