CANCELLATION OF REGISTRATION: Paraline Reinsurance, Ltd.

Notice type
Government Notice
Cancellation of Registration
Notice ID
Public Authorities / Department
Bermuda Monetary Authority
Publication date

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 3 Insurer registration granted to the said Insurer under the Act, effective 19th May 2020:- 

Paraline Reinsurance, Ltd.

BY ORDER OF THE BERMUDA MONETARY AUTHORITY

 

Treasa Walker

Assistant Director

Bermuda Monetary Authority