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Appointee has 50 years of insurance industry experience, with numerous leadership and management roles

Bermudian-based company also appoints Yasuhisa Watanabe as chief representative, Asia Pacific

Gross premiums written were $5.38 billion, up 11.1 per cent year-on-year

Gross premiums written increased by $156 million, or 7 per cent, to $2.4 billion

The agency has given the Bermudian-based company a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a” (Excellent)

The company has delivered positive operating results of $366 million in the first half of the year

Saltus graduate is to study actuarial mathematics at the University of Liverpool

The Bermuda Foundation for Insurance Studies awards $320,000 to “the outstanding among the outstanding”

The company requested to no longer participate in the rating process

The transaction, which has been unanimously approved and recommended to its shareholders is expected to close in mid-2025