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The firm’s chairman and chief executive Peter Zaffino called Q2 outstanding

The Bermuda segment drove much of the growth, increasing gross premiums by 25.9 per cent

The group reported a discounted combined ratio of 87.4 per cent, which points to continued profitability

In its latest interim report, pre-tax income was down $6.9 million compared to the same period last year

Net income was down $9.3 million compared to the same period last year

A $200 million buyback boost and dividend increase will return value while the company invests in underwriting

Globally, average pricing fell between 1 and 10 per cent, with the US seeing double-digit reductions

The sale to Nationwide is part of a broader strategy to simplify operations and grow the business

Net proceeds will be spent on general corporate purposes

A powerhouse insurance broker from Canada came to Bermuda as the industry went into overdrive

The role is designed to streamline leadership and strengthen the company’s global casualty operations

The executive will be the firm’s first managing director of Bermuda product line development