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The underwriter has more than 15 years of experience working across property and specialty underwriting in Bermuda

Susan Pateras, Alan Waring and Michael Watson have joined the board as independent non-executive directors

The bank’s share price increased by 42 cents to close at $31.44 on the New York Stock Exchange

Bermudian-based company said new venture will enable its primary cyber insureds to proactively tackle cybersecurity threats

Acquired company is a global real estate provider offering proptech, technology solutions and business managed services

Proceeds will be used to partially fund the acquisition of 40 new narrow gauge and 40 new wide gauge trains

New recruit will lead the company’s entry into the domestic US construction market

He is to become Head of UK Branch and chief underwriting officer, subject to regulatory approval

Bermudian-based advisory also assists with education planning, savings plans, portfolio reviews and capital investment

Insurers call for a light-touch regulatory regime to lure hundreds of captives from Bermuda and other captive domiciles to Britain