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BMA chairman to step down; successor revealed

Bermuda Monetary Authority (BMA) chairman Gerald Simons has now retired following nine years on the board, including six as chair. 18 January 2019

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Argo estimates $44m loss impact in Q4

Bermuda-based specialty re/insurer Argo Group has made a preliminary pre-tax catastrophe loss estimate for the three-month period ended December 31, 2018 of $32 million, primarily relating to Hurricane Michael and the California wildfires. 18 January 2019

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Maiden sells European auto subsidiary to Allianz

Bermuda-based Maiden Holdings sold its European automotive group to Allianz Partners, as part of its strategic review announced in 2018. 17 January 2019

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Chubb exec joins AXIS Capital as chief information officer

AXIS Capital Holdings has appointed Keith Schlosser as chief information officer (CIO). 17 January 2019

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Hiscox Re and MS&AD invest in re/insurance trading insurtech

Hiscox Re, along with Japanese re/insurance group MS&AD, have invested in AkinovA, an electronic marketplace for the transfer and trading of re/insurance risk. 16 January 2019

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Argo Group subsidiary partners with insurtech to offer pay-as-you-go insurance

Argo Group's European subsidiary ArgoGlobal Assicurazioni has partnered with Italian insurance broker Axieme to provide on-demand insurance for temporary and short-term workers in Italy. 15 January 2019

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Hong Kong SFC fines Bermuda-registered life insurer over regulatory breaches

Hong Kong's Securities and Futures Commission (SFC) has reprimanded and fined FWD Life Insurance (Bermuda) HK$2.4 million ($306,142) for non-compliance with investment experience requirements. 14 January 2019

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AXIS Capital appoints chief analytics officer

Specialty and treaty re/insurance provider AXIS Capital has appointed Govind Balu as chief analytics officer. 9 January 2019

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Argo Group appoints Bermuda head

Argo Group International Holdings has appointed Bill Wharton as head of Argo Insurance Bermuda, to also continue his role as head of professional lines in Bermuda. 8 January 2019

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Everest Re Group CEO to retire in 2019

Dominic Addesso, the president and CEO of Everest Re Group, is set to retire at the end of 2019. 8 January 2019

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