BMA NAMES CHAIRMAN AND CEO TO SUCCEED JEREMY COX

The Bermuda Monetary Authority (BMA) has announced that Donald Scott, currently the BMA’s deputy chairman, has been appointed chairman of the board, with effect October 1, 2021. It also announced that Craig Swan, who has served as the BMA’s deputy chief executive officer for the past 21 months, will assume the role of chief executive officer (CEO). Scott and Swan succeed Jeremy Cox, the BMA’s executive chairman and CEO, who retires and leaves the authority on September 30. “Over the past decade, Cox has led the BMA to many notable achievements including full equivalence with Europe’s Solvency II insurance regulatory regime, the National Association of Insurance Commissioners (NAIC) reciprocal and qualifying jurisdiction status and the continued widening of the BMA’s remit into digital assets,” said Scott.