News relating to the Bermuda and international insurance and reinsurance industry.
The Bermuda Captive Conference, usually held in June, has been pushed back to later in the year due to the global impact of the COVID-19 outbreak.
Bermuda has conducted 30 more tests for COVID-19, with one new person testing positive for the virus on March 25.
Robert Steinhoff has retired from the board of Argus Group Holdings.
Bermuda reported no new COVID-19 cases on March 24, with the total number of confirmed cases on the island remaining at six.
Xceedance, the Bermuda-based provider of insurance and technology consulting services, has partnered with Input 1, a digital billing services and payments company, to offer new functionality within its policy administration platform, MGA Agility Suite.
COVID-19 could ultimately lead to increased interest in ILS structures among investors, according to Henri Winand, CEO of AkinovA, the electronic ILS trading platform that operates in the Bermuda Monetary Authority’s regulatory sandbox.
Bermuda received results from 16 COVID-19 tests on March 23, all of which were negative, according to David Burt, Bermuda’s Premier, in an address to the public.
Synpulse has created a new ILS practice to provide consulting services to clients that are active in this industry.
Bermuda has six confirmed positive cases of COVID-19.
Sompo International Holdings, the Bermuda-based specialty provider of property and casualty re/insurance, has promoted Christopher Donelan to the role of chief executive officer of Sompo International Reinsurance.