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Appointee becomes country manager, Insurance for Switzerland

Appointee will fill the role formerly held by Jerome Itty

The bank’s share price appreciated by 20 cents to close at $35.04 on the New York Stock Exchange

Industry veteran becomes chief financial officer and chief operating officer

US-based organisation is part of Cirrata Group, the insurance distribution division of Ambac Financial Group Inc

The liquefied petroleum gas shipper had been registered in Bermuda since 2008

That is a jump of $1.1m compared with net income in the prior year period

Deemed a valuable member of the firm for over 10 years, she consistently demonstrated leadership and a client-centric approach

Offices and business lines will be affected, with the extent of redundancies yet to be determined

Fintech columnist Bourn Collier sees a parallel between Bermuda’s espionage role in the Second World War and its modern-day involvement with digital assets