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Bermuda Stats Show Insurance Sector Growth

by Mike Godfrey, Lowtax.net, Washington
05 May, 2015

The Bermuda Monetary Authority (BMA) has released new statistics that show strong growth in Bermuda's international insurance market.

Newly released figures, for the year ended December 31, 2013, show that Bermuda's insurance sector recorded USD163bn in gross premiums, an annual increase of 35.3 percent.

The BMA has also disclosed that in the first quarter of 2015 it registered 14 new insurers and five insurance intermediaries, up from 12 new insurers and four new intermediaries during the same period of 2014.

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