Bermuda sees decline in set-up of new insurers, reinsurers
(BestWire) — Ten new insurance and reinsurance companies were established in the Bermuda market during the first quarter of 2008, which is a decline from the same period in 2007, according to the Bermuda Monetary Authority.
The BMA, in its latest regulatory update, said the number of formations reflect the soft market conditions that currently exist worldwide. During the same period a year ago, the Bermuda regulator
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