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The company is a life and annuity, Bermuda Class E reinsurer with a focus on managing longer dated run off liabilities

Danielle Stewart and Brian Zink also named to top positions

Deal will allow seller to focus on its core European business

The deal sees 500 employees join Arch Insurance North America

The managing general agent is to focus on underwriting the full spectrum of renewable technologies

He becomes executive vice-president of Everest Insurance and president of North America Insurance

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