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Gross written premiums increased by 29.4 per cent to $1.1 billion

Deal with US life insurer is expected to increase company's asset base by approximately $550 million

Transaction involved insured risks through to 2016 and was completed at the end of 2023

AM Best said it will continue to monitor an acquisition by the company’s ultimate parent

New hire previously had managing partner role at Gallagher Re

Full-year and fourth-quarter results dip year-over-year

Brian Duperreault-led company is expected to begin operating this year

Offering is on top of existing Bermuda and US Excess Casualty products

In addition, five insurance applications were approved by the Insurance Assessment and Licensing Committee

Jason Riley to lead the new venture by global fintech firm