News relating to the Bermuda and international insurance and reinsurance industry.
That compares with a profit of $38m in the prior year.
The appointee will focus on developing Miller’s business in the Bermudan market.
The new offering will be led by former senior underwriter at Talbot Underwriting.
BDA CEO highlights advantages of the island as the world looks at the challenges ahead.
It said its 2021 results illustrated the strength and momentum of its core businesses.
Lion Re is a Bermuda-based reinsurer assuming risks from ASSA Tenedora.
It has also added AIC’s chief executive to the board.
They are from Arch, Argo and Chubb.
This is a $30b GWP business with an enterprise value of over $13b.
It has also appointed a UK country branch manager.