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Credit ratings agency also affirms financial strength rating and long-term issuer credit ratings

Included in net income was a net deferred tax asset of $90 million related to the enactment of Bermuda’s corporate income tax legislation

Appointee is the former executive chairman and chief executive officer of Argo Group

Underlying operating profits between 2022 and 2023 rose 46 per cent

The fourth-quarter result was driven by the net loss from discontinued operations

Bermudian-based offshore drilling company had full-year total operating revenues of approximately $1.5 billion

Appointee joined the company in 2014 as head of US Distribution for its insurance business

It follows a recent Budget breakfast presentation by the chamber’s president, Marico Thomas

The company says it further solidifies its commitment to providing a platform for sustainable shopping

Somers has a stake in Waverton Investment Management, which has agreed to merge with London and Capital Group, the global wealth and asset manager