News relating to the Bermuda and international insurance and reinsurance industry.
Voce withdraws director nominees, accuses Argo of state lobbying
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will vote on the Bermuda re/insurer's board directors, 5.6 percent shareholder Voce Capital Management has now withdrawn its director nominees.
Tokio Millennium Re Bermuda EVP joins Ariel Re
Ariel Re, a re/insurance underwriting business and member of the Argo Group, has appointed Stephen O’Flynn as head of professional lines and casualty treaty underwriting - Bermuda.
Former Lloyd's CFO to join run-off specialist Armour Group
Bermuda run-off specialist Armour Group has appointed John Parry, the former chief financial officer (CFO) of Lloyd's of London as group CFO, effective June 2019.
MS Amlin invests in cyber reinsurance MGA Envelop Risk
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 appoints head of financial lines in Germany from Amlin
Sompo International Holdings has appointed Udo Pützer as head of financial lines insurance in Germany.
Capsicum Re Bermuda operation taps Hampden director
Specialist reinsurance broker Capsicum Re has appointed Tom Mills to its Bermudian operation.
More work to be done as Bermuda back on "grey list”
While Bermuda was removed from the European Union’s so-called “blacklist”, it has now been placed on Annex II of the EU list of non-cooperative tax jurisdictions, also known as the “grey list”, reflecting commitments it must make with regard to economic substance.
Former Marsh head joins Victor International as president
Victor Insurance Holdings, a managing general underwriter (MGU) in North America, Bermuda and Europe formerly known as The Schinnerer Group, has appointed Anthony Stevens as president of Victor International.
Third Point Re ratings outlook revised to ‘negative’
Ratings agency AM Best has revised the outlook to negative from stable of Bermuda-based Third Point Re (TPRE) and its subsidiaries.
EU removes Bermuda from tax haven blacklist
The European Union has removed Bermuda from its list of non-cooperative jurisdictions in tax matters, also known as the tax haven blacklist.
