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