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Full-year result is despite fourth-quarter loss of $150 million

Officials say an additional 12 licence applications remain under review

Company has closed its newly opened Bermuda reinsurer

News comes as Bermudian-based reinsurer reports fiscal 2023 and Q4 2023 results

Global specialty insurer and reinsurer adds Angelos Deftereos as head of structured credit

Financials include one-time deferred tax benefit of $1.14 billion, related to the enactment of Bermuda's new income tax law

The broker platform has been set up by veteran island-based insurance-linked securities executive Salvatore Tucc

Appointee reports to Jonathan Zaffino, group chief executive officer and president

Organisation also names David Altmaier as executive adviser, succeeding Curtis Dickinson in the role

World’s largest independent insurance company manager acquires Robus Group