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Deal will allow seller to focus on its core European business

The deal sees 500 employees join Arch Insurance North America

The managing general agent is to focus on underwriting the full spectrum of renewable technologies

He becomes executive vice-president of Everest Insurance and president of North America Insurance

The event will take place in October at the Hamilton Princess Hotel & Beach Club

The group combined ratio was 99.3 per cent and adjusted net operating return on tangible common equity was 14.9 per cent

Bermudian-registered company’s net income for the quarter ended June 30 was $32.8 million, which compares with $40.5 million for the prior-year quarter

Everen is the largest energy insurance mutual company in the world, operating for more than 50 years and acting as a pure mutual owned by its member shareholders

Net investment income improves to $528 million, a company record

They are to vote on the company’s proposed redomiciliation to Singapore on September 11