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Operating income was $540.3 million, up from $426.3 million in the third quarter of 2023

The company’s subsidiaries include Palomar Specialty Reinsurance Company Bermuda Ltd

Parent company Enstar says the acquired company underwrote property reinsurance business between 2020 and 2023

The strong performance included solid underwriting margins as well as a more favourable investment environment

Administration’s plans expected to have an impact on US trade policy, tax reforms, climate regulations and economic growth

Bermuda market veteran of nearly 40 years becomes a non-executive director

The global insurance company has operations in more than 80 countries and jurisdictions, including Bermuda

He launches ARM Bermuda this month on Victoria Street

Subject to regulatory approval, the industry veteran will become UK chief financial officer

Veteran executive will become chief people officer and a member of the organisation’s executive committee