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Business interruption (BI) payments related to the COVID-19 pandemic should be covered by federal insurance programmes, rather than the commercial market, according to the American Academy of Actuaries (AAA). 13 May 2020
News
Covéa has pulled the plug on its planned acquisition of PartnerRe, formalised in a memorandum of understanding (MoU) that was announced on March 3, 2020. 13 May 2020
Life
Athene Holding has appointed Doug Niemann as executive vice president and chief risk officer at Athene. 13 May 2020
Life
Arch Insurance International has promoted Simon Williams to the newly created position of chief strategy and distribution officer, with immediate effect. 13 May 2020
News
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
Life
Maiden Holdings has appointed Patrick Haveron as co-chief executive officer, alongside Lawrence Metz. 12 May 2020
News
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
News
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
Life
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
News
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
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