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The result reflected a significant improvement on the prior-year quarter, when the investment book was hit by the pandemic.
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Protests have been raging for a week, with notable damage to police stations, buses and bus stations.
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The Bermudian booked a $4.6mn loss from Winter Storm Uri.
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The marine mutual reported a combined ratio of 108% but was driven to profit by strong investment returns.
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Jones specialises in international upstream business and is experienced in offshore platforms.
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This came as the insurer said its reinsurance programme was oversubscribed and it expected rate increases to be in a mid single digit range.
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The former UK CUO will move to Zurich in a reshuffle that follows Signorelli’s promotion to commercial insurance CEO.
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The MGA, which has capacity from Berkley Offshore and Munich Re Syndicate, is to start underwriting in June.
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The group reports an 86% CoR in its last trading update as a listed entity.
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In 2020 the market fell to “near paralysis” in the early stages of the pandemic, before rebounding strongly.
