BMA cancels registration for Phoenix CRetro

23 September 2020

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The Bermuda Monetary Authority (BMA) has cancelled the insurance registration of Phoenix CRetro Reinsurance after receiving a complaint about the special purpose insurer (SPI), the watchdog has said.

The

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BMA cancels registration for Phoenix CRetro

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BMA cancels registration for Phoenix CRetro

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Fuel a smarter strategy with our actionable market intelligence

Topics

ILS market sizing Hurricane Milton losses at around $20bn

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax