NU Online News Service, Jan. 19, 1:06 p.m.EST
The Bermuda Monetary Authority (BMA) reports a 50 percentyear-on-year increase in new insurance registrations for Bermuda in2011, with 54 new insurers recorded compared to 36 by the end ofDecember 2010.
Shelby Weldon, director, Insurance, Licensing and Authorizationsays the 2011 increase includes the majority of classes in theBermuda market, ranging from captives and special-purpose insurers(SPIs), to insurers in the commercial sector.
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