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The reinsurer recognized a net deferred tax asset of $432 million related to the enactment of Bermuda’s Corporate Income Tax Act 2023

The board of the Bermudian-based mutual insurer declares a dividend of $350 million

He takes on the newly-created role of chief operating officer

The eight-week programme runs from July 1 until August 23

Seasoned executive is to lead the company’s reinsurance and insurance businesses

Ben Savill is to become CEO of Pacific at the global risk and reinsurance specialist

The company had 2023 profits of more than $27 million, after losing $11 million the year before

The company is the captive reinsurer of Colombia’s leading oil and gas producer

The company chief risk officer joins the board of Abir, which has grown to a record 32 members and four intermediaries.

The company’s board of directors has appointed John Talarico as chairman and Tim Bucci as deputy chairman