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Industry veteran will become regional chief executive, Asia, effective from March 24

The head of Bermuda International Long-Term Insurers and Reinsurers is seeing growing interest in the island

Bermuda market veteran has held executive roles at Langhorne Re and PartnerRe

Result was an improvement on the loss of $152.8m recorded by the Bermudian-based company in the prior-year quarter

Financial services regulator says the company is not licensed or registered to conduct any activity in Bermuda

Bermudian-based company is the third-party capital management platform of Everest Group Ltd

The credit ratings agency says insurance group maintains the strongest level of risk-adjusted capitalisation

Agency says it anticipates the group’s operating performance will continue to improve as its business plan is executed

The operating return on average equity was 19.4 per cent and the adjusted combined ratio was 86.8 per cent

The company says seller CM Bermuda no longer has ownership interest in the global specialty insurer and reinsurer