15 December 2020Bermuda analysis

BMA registers two multi owner captives in November

The Bermuda Monetary Authority (BMA) registered seven new insurance entities in November, including two class two, multi owner captives.

HMH Casualty Company and Ide8 became only the third and fourth multi owner captives registered in Bermuda in 2020.

The BMA also registered three special purpose insurers and two class four re/insurers.

The BMA had registered 58 new insurance entities in 2020 to the end of November.