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Measures are said to ensure the capital remains a place where people can live, work and visit with confidence

Agreement is revealed in Corporation of Hamilton’s 2024 annual financials, which show “strong” outlook

The annual report was tabled in the House of Assembly on Friday

The insurance holding company saw a $4 million increase over the previous year

Exit from commercial printing and the reclassification of real estate accounted for $1.8 million of this loss

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

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

Gross written premiums were $440 million and the present value of new business production was $402 million

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

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

The result is a 14.4 per cent improvement on 2023

An increase of $60 million, or 271 per cent, compared with the prior year