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Paul Simons, head of property in AXA XL’s global markets business, has been named the new head of Bermuda reinsurance, effective January 1. 20 December 2019
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The Association of Bermuda Insurers and Reinsurers (ABIR) has made a charitable donation to Bermuda’s Coalition for the Protection of Children (BCPC). 20 December 2019
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Argo’s 2020 Annual General Meeting will take place on March 24. 19 December 2019
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MS Amlin will cease underwriting corporate property, real estate, casualty and package binders through its UK P&C business from the end of January 2020. 19 December 2019
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Amerisure Mutual Insurance Company has named Chris Spaude as its new chief financial officer and treasurer. 19 December 2019
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Membership of the Bermuda International Long Term Insurers and Reinsurers (BILTIR), the association representing the long-term insurers and reinsurers in Bermuda, grew by 11 percent in 2019. 19 December 2019
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Chubb has introduced a new fidelity insurance offering called the financial institution bond for asset managers, designed to help money managers address the unique risks they face. 18 December 2019
Life
Assured Guaranty has hired Steven Kahn as senior managing director of structured finance. Kahn leads the group, along with managing director Dan Bevill, who has been part of the structured finance team for 15 years. 18 December 2019
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AXIS Capital Holdings will redeem 9 million of its 5.50 percent series D preferred shares par value $0.0125 per share, and liquidation preference $25.00 per share, on January 17, 2020. 18 December 2019
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The Bermuda Financial Policy Council (BFPC) has endorsed Bermuda’s decision to actively engage with the European Union’s code of conduct (business taxation) working group, under the non-cooperative jurisdictions initiative. 17 December 2019
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