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