The Bermuda Monetary Authority (BMA) will begin “a phased return to our physical offices at the appropriate time,” in conjunction with the government’s phased re-opening of Bermuda, the BMA has said. 12 May 2020
Argo posted a loss for the first quarter of 2020, but said it remains committed to its long term strategy for delivering shareholder value. 12 May 2020
The Bermuda Monetary Authority registered four new re/insurance entities in April, taking the total number of new registrations in 2020 to 14. 12 May 2020
Everest Insurance has hired Sujal Patel as the UK head of transactional risk for Everest Global Markets, which includes Everest Insurance Ireland and Lloyd’s Syndicate 2786. 12 May 2020
Bermuda has relaxed the rules around marriages and domestic partnerships, which can now take place, with no more than ten people, including the officiant, in attendance. 11 May 2020
Athene Holding reported a net loss of $1.1 billion for Q1 2020, compared to net profit of $708 million for the same period in 2019, which it said was primarily driven by a decline in the fair value of its reinsurance assets due to widening credit spread. 11 May 2020
Life and health-related catastrophe bonds face the greatest threat of losses from the COVID-19 pandemic, compared with other insurance-linked securities (ILS), according to research conducted by AM Best. 11 May 2020
