News relating to the Bermuda and international insurance and reinsurance industry.
Bermuda premier David Burt has led a delegation to North American tech conference Collision, held in Toronto, to attract fintech businesses to the island.
Ahead of Argo's annual meeting on May 24 where shareholders will vote on the Bermuda re/insurer's board directors, 5.6 percent shareholder Voce Capital Management has now withdrawn its director nominees.
Re/insurer MS Amlin, which has a presence on Bermuda, has purchased a strategic stake in Envelop Risk, a global specialist reinsurance MGA that combines insurance expertise with artificial intelligence-driven cyber risk modelling.
Sompo International Holdings has appointed Udo Pützer as head of financial lines insurance in Germany.
The European Union has removed Bermuda from its list of non-cooperative jurisdictions in tax matters, also known as the tax haven blacklist.
The Bermuda Monetary Authority (BMA) has granted its first insurance regulatory sandbox license to insurtech AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks.
Bermuda-based reinsurer PartnerRe has completed its second reinsurance longevity risk transaction with The Manufacturers Life Insurance Company (Manulife).
Bermuda has a chance of being removed from the European Union's list of non-cooperative jurisdictions in tax matters - also known as the blacklist - as early as May 17, following a meeting by EU Finance Ministers (ECOFIN).
Third Point Re CEO Robert Bredahl has resigned from his position with immediate effect, with Daniel Malloy, current CEO of the company’s main operating subsidiary, succeeding him on an interim basis.
Athene Holding, a provider of retirement saving products based in Bermuda, has formed a strategic capital solution expected to provide it with up to $4 billion of on-demand, third-party equity capital, to help it pursue various growth initiatives.