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The Class E insurer was registered by the Bermuda Monetary Authority in September

Company says the result was impacted by completion of a previously announced shareholder transaction

The total for the period was $1.67 billion, which compares with $1.62 billion in the prior year quarter

The loss portfolio transfer is effective July 1, 2024, and RiverStone subsidiaries have assumed subject reserves of $1.2 billion as of that date

Veteran executive will remain with the retirement services company as a senior adviser

Findings are included in the annual Cyber Readiness Report prepared by Hiscox

The deal is the first of its kind for private sector investors to buy multilateral development bank assets from Latin America and the Caribbean

Insurance executives point to Bermuda’s growing size, sophistication and breadth of product

Non-profit empowers at-risk communities to build climate resilience through effective insurance solutions

The programme is part of a broader education initiative with Bermuda College