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Bermuda Insurance and Reinsurance Registrations Growing

by Chelsea Oliver 5th July 2018

 

The majority of Bermuda’s international business comes from insurance and reinsurance -  and the industry is thriving! A leading global offshore financial service centre, the industry has been growing steadily on Island since the 1940s.

 

Today, the industry is seeing a notable rise in the number of insurance and reinsurance registrations in Bermuda. According to the Bermuda Monetary Authority (BMA), 11 re/insurers registered during the first two months of 2018, compared with five during the same period in 2017. This included three Class E Long-Term (life) commercial re/insurers, one Class 4 general business commercial re/insurer, and one intermediary. These registrations come three years after Bermuda was placed on the National Association of Insurance Commissioners’ (NAIC) Qualified Jurisdiction list.

 

Sources

Reinsurancene & Bermuda Attractions

 

 





Posted by ChelseO
5th July 2018 12:00 am.
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