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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. 22 May 2019
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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. 22 May 2019
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Specialist reinsurance broker Capsicum Re has appointed Tom Mills to its Bermudian operation. 20 May 2019
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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. 20 May 2019
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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. 17 May 2019
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Ratings agency AM Best has revised the outlook to negative from stable of Bermuda-based Third Point Re (TPRE) and its subsidiaries. 17 May 2019
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The European Union has removed Bermuda from its list of non-cooperative jurisdictions in tax matters, also known as the tax haven blacklist. 17 May 2019
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Everest Insurance, a subsidiary of Bermuda-based Everest Re Group, has appointed Graham Pitt as head of international surety, based in London. 16 May 2019
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Bermuda reinsurer PartnerRe had a profitable first quarter in 2019, driven by solid performance in its property catastrophe book and in Europe, partially offset by its specialty unit’s performance which was impacted by mid-size loss activity and adverse prior year reserve development. 16 May 2019
ILS
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. 16 May 2019
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