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The bank closed at $30 after 14,600 bank shares traded on the BSX

Concert group creates COO position as part of plan for profitable growth and development in the fronting sector

Subsidiary of Bermudian-based holding company has insured $800 million of senior special facilities revenue bonds

Deal strengthens Bermudian-based company’s footprint in the professional liability space

Appointee has more than 35 years of property and casualty industry experience

The insurer operates in the pension risk transfer markets outside the United Kingdom and the United States

The comparison came during the rating agency’s latest peer review of large global reinsurers

Bermuda partner Steven Rees Davies also achieved a Band 1 individual ranking

Newly public company says it is leaning into the current market

Some 13,200 shares in the bank changed hands on the Bermuda Stock Exchange with the stock closing at $30, up $1.50