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The firm’s net income available to common shareholders was $173 million

That compares with net income available to common shareholders of $713 million for the 2023 third quarter

Industry veteran takes on the role of International Reinsurance operating officer

Firm says appointments reflect its strategic commitment to the recruitment and retention of exceptional Bermudians

The firm also reported net income of $2.32 billion in the third quarter, up 13.8 per cent

Prizes will be given in ten categories at a ceremony on November 23

The company will look to two senior executives in the reorganisation

The bank’s share price fell by 48 cents to close at $37.22 on the New York Stock Exchange

The two veteran insurance executives become non-executive directors of the global programme manager

Michael Grayston becomes group treasurer and chief investment officer and Sarah Thompson takes over as group chief accounting officer