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The result came as Bermudian-headquartered Hiscox Group announced a record profit before tax of $685.4 million

The deal involves $3.4 billion of individual long-term care statutory reserves

The result is an increase of 55 per cent compared with the prior year

The company says the link-up is aimed at empowering innovation and entrepreneurship in emerging sectors

More than four million common shares in the company are available for purchase

Industry veteran is to become chief underwriting officer, North America programmes, effective on April 1

The result is a 14.4 per cent improvement on 2023

The firm was hit hard by two massive hurricanes and a satellite launch failure in 2024

Industry veteran is to become global chief pricing actuary, effective on May 12

Bermuda market veteran led operations at Harbor Point Re on the island