SECURE YOUR FUTURE
Nordica Life (Bermuda) Ltd. is an international insurance company licensed and regulated by the Bermuda Monetary Authority since 1996. For more than 25 years Nordica Life has gained a position in the international insurance markets by specializing in investment–linked insurance products and first class customer service.
Nordica Life seeks to provide opportunities to its clients with access to the global financial markets through a wide range of custody banks. It provides clients with greater investment choices and the ability to plan for a happy and comfortable retirement and to provide for their children.
Specializing in medium to long term investment-linked products tailored to meet the needs of investors around the world, Nordica Life offers a range of products that allow flexible investments to suit various income levels and financial planning needs. The strategy of the company is to provide quality single premium life insurance and regular premium insurance products with the focus on security for our clients.
Nordica Life (Bermuda) Ltd. is listed on Bermuda Stock Exchange.
Bermuda is one of the leading insurance centers in the world with a strong asset protection mechanism, easy access to all international financial areas, no currency or investment restrictions and no tax liability for policyholders.
Insurance companies are under rules similar to banks with supervision by the Bermuda Monetary Authority (BMA) pursuant to the Insurance Act 1978.
Besides the protection granted to policyholders under the Insurance Act 1978, the Bermuda Legislature passed the Nordica Life (Bermuda) Ltd. Act, 1997 into Law. This Private Act of Parliament enables a policyholder to request Nordica Life (Bermuda) Ltd. to establish a separate account for his policy. The assets in such a separate account are legally segregated from the other assets of the company. The effect of creating a separate account, is to ensure that the assets linked to a policy, are available only to the policyholder or beneficiary on this specific policy, and not to other creditors of Nordica Life (Bermuda) Ltd.
Bermuda Monetary Authority
Find out more about BMA regulation on www.bma.bm
Bermuda Stock Exchange
Listed Since: 2001-02-01
BSX Ticker: NORD.BH
SEDOL: 2598321 BM
Segregated Account Act
You can see the “Nordica Life (Bermuda) Ltd. Act, 1997” here