Cars are not particularly welcome on the streets of Bermuda, but at least three reinsurance sidecars were allowed to park there late last year.

Tanked up with fuel of existing reinsurers, the sidecars–like mopeds used by some Bermuda travelers–are smaller than full-sized relatives with Class 4 licenses. According to the Bermuda Monetary Authority, Blue Ocean Reinsurance Ltd. and Cyrus Reinsurance Ltd. received Class 3 licenses in October, while Flatiron got its license in December 2005.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.