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For the second day, 1,200 Butterfield shares traded on the Bermuda Stock Exchange

AM Best said the company’s business is sourced and underwritten primarily through contracts with Arch Capital Group Ltd and its entities

The company, which commenced operations in 2016, is sponsored by Axis Capital Holdings Ltd and The Blackstone Group

Methods can include open market purchases, accelerated share repurchases and privately negotiated transactions

Parent company re-domiciled to Bermuda from the Netherlands this year

Ratings agency cites uncertainty and execution risk

The reinsurance sidecar has received $250 million of total investor capital for January 1

The two rigs will be mobilised from South Korea to Las Palmas, Spain, where they will be stacked until they are contracted for work

AM Best said the majority of the group’s business is sourced from the United Kingdom, Europe and Bermuda

London-based appointee reports to group chief risk officer Alex Baker.