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Company launches global capacity of $65 million in arbitration award default insurance

Initiative provides insurance capacity up to $825 million

Class 3B reinsurer is a wholly-owned subsidiary of Enstar Group Ltd

London-based executive becomes head of Credit and Political Risk

The creation of Edgware Re Ltd comes after a volatile period of cyber insurance pricing and coverage modification

The reinsurer recognized a net deferred tax asset of $432 million related to the enactment of Bermuda’s Corporate Income Tax Act 2023

The board of the Bermudian-based mutual insurer declares a dividend of $350 million

He takes on the newly-created role of chief operating officer

Seasoned executive is to lead the company’s reinsurance and insurance businesses

Ben Savill is to become CEO of Pacific at the global risk and reinsurance specialist