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New appointee will be responsible for leading Arch Re’s insurance-linked securities business development efforts

On the Bermuda Stock Exchange, some 1,100 shares in Argus Group Holdings Ltd changed hands

The appointment of the highly regarded Rajeev Suri comes as bondholders wipe out close to $1.7 billion worth of company debt in exchange for a majority stake

More than 1,000 people have signed up for the waitlist in the hopes of being selected for the beta launch on Friday

A 2022 report shows that they reached $1,088.6 billion

The company updated its full-year market guidance, with the adjusted ebitda range now $485 million to $505 million

The company plans to use the new credit facilities to support its accelerated beta roll-out of its next-generation data infrastructure

The NYSE saw 150,637 Butterfield shares change hands

The board has declared a dividend of $0.50 per share or $38.3 million for the third quarter

The company said the portfolio will focus on the niche classes of credit, mortgage and surety reinsurance