Re-Insurance

Third insurance broker this year registers

  • Registration update: to the end of June, the Bermuda Monetary Authority had this year confirmed the registrations of 32 insurers and five agents in Bermuda (File photograph)

Boutique global insurance and reinsurance broker i-intermediary Ltd, has had its registration confirmed by the Bermuda Monetary Authority.

It is the third broker registered with the BMA this year.

The company is backed by Bermudian-based specialty insurance investor Primary Group, and offers reinsurance placements, insurance placements for MGA’s, in-house reinsurance capacity and access to investment capital. Its chief executive officer is Michel De Lecq Marguerie.

During June, the BMA also confirmed the registrations of Daiichi Sankyo Reinsurance Limited, a Class 1 insurer; Trivision Reinsurance Company Ltd, and Sugaree Insurance Company Ltd, both Class 2 insurers; Oswals Affinity (SAC) Ltd, a Class 3 insurer; and Canopius Reinsurance Limited, a Class 3A insurer.

In addition, Trivision Reinsurance Company Ltd, had Class B registration confirmed; and HSBC Insurance SAC 1 (Bermuda) Ltd, had Class A registration confirmed.

There were two SPIs with registrations confirmed in June, and one agent, Arch Credit Risk Services (Bermuda) Ltd.

For the year to the end of June, the BMA has confirmed new registrations for 32 insurers and five intermediaries.