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Canada Pension Plan Investment Board continues to maintain the significant majority ownership position in Bermuda

The company will work closely with a related team in the London property insurance market

The subsidiary of Reinsurance Group of America Inc is a Missouri-domiciled third-party life reinsurer

The Bermudian-based Class 3A insurer is part of The Allstate Corporation’s group of insurance companies

The company said it recorded a higher underwriting loss of $18.8 million in the quarter compared with the same period in 2023

The company said the increase is due to continued capital deployment in its Bermudian-based operating subsidiary, Hiscox Re and ILS and solid retail growth

The recipient of the Professional Liability Underwriting Society award will be formally recognised tomorrow at a conference in Chicago

Third quarter capital returned to shareholders was $147 million including share repurchases of $131 million

The company said it is also commencing a multi-pronged strategic partnership with Bermudian-based Enstar Group Ltd

The company said David Govrin will now focus entirely on his role as group president and chief executive officer of Global Reinsurance