BMA Cancels Registration For Breaches Of Act

The Bermuda Monetary Authority [BMA] has “cancelled the insurance registration of Economic Risk Insurance, Ltd., a Class 3 insurer, for breaches of the Insurance Act 1978.” A spokesperson said, “Exercising its powers to cancel the registration of the Company pursuant to the provisions of sections 41[1][b][ii], [iv] and [v] of the Insurance Act, the Authority […]

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