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The storm took a week to move up the US East coast, causing widespread damage

Profit fell 36 per cent to $53.7 million from $83.9 million in the second quarter of 2023

Insurer expects ample opportunity for future profitable growth

He will be responsible for leading the company’s operations across the UK and Europe

The transaction involves a diversified portfolio of US commercial liability and workers’ compensation business

Amendment follows the completed acquisition of the company by funds managed by Onex Partners

Stock will be available for $88 per share

The division includes reinsurance businesses in London and Bermuda and insurance-linked securities activity written through Hiscox ILS

The transaction covers a diversified portfolio of business from international and North America markets

Company appoints Ben Smith as underwriting officer and Colin McQueen as independent non-executive director