The Bermuda Monetary Authority (BMA) appointedAndrew Gibbs, a chartered accountant and insurer with 27 years ofexperience in the Bermuda market, as its new director of insurancesupervision.
“I am pleased to be joining the Authority at such a pivotal timefor global regulatory change in the insurance and reinsuranceindustry,” says Gibbs. “I am looking forward to working with mycolleagues at the Authority as we continue to build out theregulations here in Bermuda, as well as in ensuring that ourpractical risk-based approach to regulation continues to earn fullcredit in relation to global equivalency efforts.”
|Previously, Gibbs was the executive vice president at ValidusHoldings Ltd, and before that was chief financial officer at ACEGlobal Re and was chief operating officer and CFO at ACE Bermuda.From 1986 to 1996, he worked in insurance auditing and technologyconsulting at Ernst & Young in Bermuda.
|In his new role, Gibbs will report to Craig Swan, the BMA'smanaging director of supervision.
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