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The definitive agreement calls for the transfer of renewal rights for a majority of retail insurance portfolios

The agency says the financial strength rating of the Bermudian-based reinsurer is stable

Global professional services firm says it is focused on fostering an environment that supports professional development

The new executive vice-president is expected to take up office effective on or before January 5

The senior broker will focus on the placement of reinsurance and retrocessional business into the Bermuda market

The deal to sell the health insurance programme manager should close in the fourth quarter

An executive search is under way by the company to identify a successor

A required majority of shareholders voted August 27 to approve the $3.5 billion deal

The appointment moves Jonathan Reiss into the chairman’s seat of the Bermuda office

The insurance company’s balance sheet and operating performance are assessed as very strong