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Tokio Millennium Re's O’Flynn joins Ariel Re as head of professional lines
Insurance
Tokio Millennium Re's O’Flynn joins Ariel Re as head of professional lines
Ariel Re, a subsidiary of Bermuda-based Argo Group, has hired Stephen O’Flynn as head of professional lines and casualty treaty underwriting – Bermuda.   22 May 2019
EU removes Bermuda from 'blacklist' of non-cooperative tax jurisdictions
Insurance
EU removes Bermuda from 'blacklist' of non-cooperative tax jurisdictions
Bermuda has been removed from the European Union's so-called blacklist list of "non-cooperative" jurisdictions following a meeting of EU finance ministers on May 17.   20 May 2019
Capsicum Re bolsters Bermuda operations with ex-Amlin hire
Insurance
Capsicum Re bolsters Bermuda operations with ex-Amlin hire
Specialist reinsurance broker Capsicum Re has appointed Tom Mills to its Bermudian operation, in a move aimed at growing its presence on the island as it enters fifth year of trading since opening its office in 2014.   20 May 2019
Insurance
AM Best moves Third Point Re outlook to 'negative' over profitability concerns and management changes
Rating agency AM Best has revised the outlook of Bermuda-based reinsurer Third Point Re to negative from stable, expressing "concerns over the company’s business profile", its ability to make underwriting profits, and the recent changes in its senior management including the departure of its CEO Robert Bredahl.   17 May 2019
Insurance
The Hartford gets regulatory approvals for $2.1bn Navigators deal; date set for final completion
US-based property/casualty insurer The Hartford has received all regulatory approvals necessary for the closing of its acquisition of global specialty insurance holding The Navigators Group.   17 May 2019
Insurance
PartnerRe unveils wearable technology pilot with digital health platform dacadoo
Bermuda-based reinsurer PartnerRe has launched a wearable technology pilot project in partnership with digital health platform dacadoo.   16 May 2019
Alternative Risk Transfer
Risk trading insurtech AkinovA secures Bermuda's first regulatory sandbox licence
AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has received the first insurance regulatory sandbox licence from the Bermuda Monetary Authority (BMA).   15 May 2019
Insurance
Aspen parts ways with Bermuda CEO, group COO, puts MGA into run-off amid major reshuffle
Bermuda-based Aspen Insurance Holdings has made a series of key changes in its executive leadership team, as well as placed its UK-based MGA Aspen Risk Management (ARML) into run-off, and closed its Dublin office, in a move it hopes will strengthen the company's "competitive position" and enhance operational efficiency under Apollo's ownership.   15 May 2019
Insurance
AXIS teams up with cyber security start-up accelerator CyLon
Bermuda-based AXIS Capital Holdings has partnered with cyber security start-up accelerator CyLon to help companies mitigate their cyber risks.   14 May 2019
Insurance
Sompo launches new life sciences team under OneBeacon's Todd Lauer
Bermuda-based specialty re/insurer Sompo International Holdings is targeting the life sciences industry with its new insurance offering to be led by senior vice president Todd Lauer.   14 May 2019

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