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Result follows a loss of $43.9 million in the prior year

Global specialty insurer and reinsurer has completed restructuring the business

Company has strategically expanded into the Marine and Energy Treaty reinsurance business

Appointee becomes director of energy and complex liability in the company’s Bermuda office

Appointee will serve on the board’s audit, risk oversight and finance committees

Veteran lawyer has been serving in an interim role

Group profits for the year exceeded a billion dollars

The upgraded excellent credit ratings and excellent long-term issuer ratings are for CG United Insurance Ltd of Barbados

AM Best says company has a history of using reinsurance strategically

Insurance infrastructure platform secures more than $130 million in new reinsurance capacity