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Appointee is the CEO of Bermudian-based Vantage Group

As head of US Partnership Engagement and Strategy, he will report to Matthew Kramer

He succeeds Daniel Neo, who is to retire

They are among 13 in the reinsurer’s Bermuda and London offices who are in new roles

The deal includes $12.5bn of reserves backing guaranteed universal life policies

Appointee is completing his service as the Massachusetts Insurance Commissioner

Investment income of $276m represents a 47 per cent increase year-over-year

The global investment firm now has a majority position

Equilibria Capital Management Limited has increased its equity stake in Argus Group Holdings Limited

Justin N Doherty has taken over as the new president and chief executive officer