22 September 2020Actuarial & underwriting

BMA registers W Insurance in August

The Bermuda Monetary Authority (BMA) registered 13 new insurance entities in August.

The registrations in August included one class one insurer, or single parent captive, called W Insurance.

The BMA also registered two class 3As, two class Cs, one class E, four special purpose insurers and three agents.

The busy month takes the total number of BMA registrations for 2020 to 35, including four class one insurers and two class two insurers, or multi-owner captives.