BMA board of directors undergoes leadership change

The BMA announced this week that the Hon. Gerald Simons, former CEO of Argus Insurance, has taken over from Alan Cossar as the chairman of the Bermuda Monetary Authority’s (BMA) Board of Directors.

In addition, Anthony Joaquin has been appointed deputy chairman of the Board, replacing Darren Johnston. Both Cossar and Johnston stepped down after completing their full terms of service.

Insurance professional Fiona Luck and entrepreneur Allan Marshall have also joined the board.

Jeremy Cox, CEO of the BMA and executive member of the board, commented: “as we transition to new Board leadership, we are delighted that Gerald and Tony have agreed to take on the chairmanship and deputy chairmanship respectively. We are very much looking forward to their continued valuable contributions, along with the directors who will also continue their terms of service and the two new board appointees.”