News relating to the Bermuda and international insurance and reinsurance industry.
The insurance product covers AI-enabled vehicles.
Appointee has expertise in capital markets and reinsurance convergence.
Russia-Ukraine war creates a loss of $15m-30m.
The sale price is reportedly about $613 million.
The rating outlook has been revised from positive to stable.
It’s a promotion for the authority’s chief actuary.
The transaction could add $280/share to its adjusted book value.
The result was driven by unrealised losses on fixed income securities.
Ark, the White Mountains-owned Lloyd’s carrier, posted a pre-tax loss of $23m.
It has also appointed someone into the newly created role of chief underwriting officer.