The Bermuda Monetary Authority (BMA) appointed Andrew Gibbs, a chartered accountant and insurer with 27 years of experience in the Bermuda market, as its new director of insurance supervision.
“I am pleased to be joining the Authority at such a pivotal time for global regulatory change in the insurance and reinsurance industry,” says Gibbs. “I am looking forward to working with my colleagues at the Authority as we continue to build out the regulations here in Bermuda, as well as in ensuring that our practical risk-based approach to regulation continues to earn full credit in relation to global equivalency efforts.”
Previously, Gibbs was the executive vice president at Validus Holdings Ltd, and before that was chief financial officer at ACE Global Re and was chief operating officer and CFO at ACE Bermuda. From 1986 to 1996, he worked in insurance auditing and technology consulting at Ernst & Young in Bermuda.
In his new role, Gibbs will report to Craig Swan, the BMA's managing director of supervision.
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