BERMUDA MONETARY AUTHORITY BREAKWATER INSURANCE LTD.

ORDER

INSURANCE ACT 1978

CANCELLATION OF REGISTRATION

UNDER SECTION 41(1)(a)

The BERMUDA MONETARY AUTHORITY in exercise of the powers

conferred upon it by virtue of Section 41(1)(a) of the Insurance Act, 1978,

(“The Act”), hereby cancels, at the request of the Insurer listed below,

the respective Class 1 Insurer registration granted

 to the said Insurer under the Act, effective 31^st December 2020:-

Breakwater Insurance Ltd.

BY ORDER OF THE BERMUDA MONETARY AUTHORITY

Mellisa Burgess

Deputy Director                                                         Bermuda Monetary Authority

Dated this 8^th day of January 2021