Isle of Man-based specialist long-term savings provider Hansard Global PLC established Hansard Worldwide Ltd., a new insurance company in the Bahamas.

Hansard Worldwide is expected to begin trading in the latter part of 2018 after receiving an external insurance license from the Insurance Commission of the Bahamas on May 16.

Together with Hansard International Ltd. and Hansard Europe DAC, the launch of Hansard Worldwide takes the number of insurance companies within Hansard Global to three.