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The bank’s share price fell by 34 cents to close at $31.10 on the New York Stock Exchange

She will lead the Primary and Excess Wholesale Casualty teams in advancing their business objectives

Appointee is also to join the Canopius US executive committee

Phil Taylor has been appointed head of Global Specialties to lead the new business

The chief executive officially steps down from the company April 1

The underwriter has more than 15 years of experience working across property and specialty underwriting in Bermuda

Susan Pateras, Alan Waring and Michael Watson have joined the board as independent non-executive directors

Bermudian-based company said new venture will enable its primary cyber insureds to proactively tackle cybersecurity threats

Acquired company is a global real estate provider offering proptech, technology solutions and business managed services

Proceeds will be used to partially fund the acquisition of 40 new narrow gauge and 40 new wide gauge trains