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The Bermudian-based independent crude oil tanker company said the decrease was mainly due to a quarter-over-quarter decline in tanker rates

Net investment income decreased by $3.6 million or 33.9 per cent for the three months ended June 30

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

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

Bermudian-headquartered company reports all-time low combined ratio of 84.4 per cent

The Bermudian-domiciled financial services holding company reported income of $182 million for the first half of 2024

That figure compares with $159.2 million in the same period in 2023

The group combined ratio was 99.3 per cent and adjusted net operating return on tangible common equity was 14.9 per cent

Bermudian-registered company’s net income for the quarter ended June 30 was $32.8 million, which compares with $40.5 million for the prior-year quarter

Net investment income improves to $528 million, a company record

Industry veteran joins from Aon, where he spent more than two decades in roles of increasing responsibility in the technology sector