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US-based company operates a Class 3A insurer on the island

Clubs are generally expected to report significant investment returns in the 2023-24 year

Bermudian is appointed divisional director to lead M&A insurance solutions for clients across the Middle East and Africa

Butterfield Bank was the only mover on the Bermuda Stock Exchange on Wednesday

Result follows a loss of $43.9 million in the prior year

Global specialty insurer and reinsurer has completed restructuring the business

Company has strategically expanded into the Marine and Energy Treaty reinsurance business

Appointee becomes director of energy and complex liability in the company’s Bermuda office

Appointee will serve on the board’s audit, risk oversight and finance committees

Veteran lawyer has been serving in an interim role