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Bermuda blacklisted by EU because of human error; David Burt accepts blame
Insurance
David Burt, the Premier of Bermuda, has said he accepts responsibility for what appears to have been a case of human error when draft regulations were being edited that resulted in the country being blacklisted by the European Union this week in what he also admitted is a “setback” for Bermuda and would mean a “challenging period” for the domicile.   14 March 2019
Hub International acquires The Insurance Exchange
Insurance
Hub International, a global insurance brokerage, has acquired Rockville, Maryland-based Insurance Exchange, one of the largest independent insurance agencies in the Mid-Atlantic region.   14 March 2019
Insurance for legal marijuana hindered by limited policies, finds AM Best
Insurance
Marijuana insurance is a fast-growing and evolving market but many insurers remain wary of such a controversial product even where it is legalised, according to an AM Best report.   13 March 2019
Insurance
Bermuda-based PartnerRe is reorganising its property & casualty (P&C) business, resulting in the creation of a new regional structure, and departure of its P&C chief executive Charles Goldie.   13 March 2019
Insurance
Industry groups on Bermuda including the Association of Bermuda Insurers & Reinsurers (ABIR)have pledged their support to efforts by the Bermuda government to get the country removed from the European Union’s so-called blacklist list of "non-cooperative" jurisdictions as quickly as possible.   13 March 2019
Insurance
ArgoGlobal, a Lloyd’s insurer and member of Argo Group, has appointed Alfredo Alonso as chief underwriting officer for Europe, Middle East and Asia.   12 March 2019
Insurance
Specialty insurance group Tokio Marine HCC has appointed Henning Skaarup as head of surety Nordics and Jan Holm Larsen as senior surety underwriter to further expand its international surety capabilities into Continental Europe.   12 March 2019
Insurance
The Association of British Insurers (ABI) has proposed data and financial changes that could unlock billions of pounds for green investments.   11 March 2019
Insurance
Activist investor Voce Capital has named five board nominees it said could bring about “urgently needed” change at insurer Argo.   11 March 2019
Insurance
Re/insurer AXA UK and Ireland has unveiled changes to its management committee portfolios following the appointment of Shali Vasudeva as chief operating officer.   11 March 2019

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