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Bruce Barone abruptly leaves Overseas Partners

Bruce Barone suddenly left as President and CEO of Bermuda-based reinsurer Overseas Partners Ltd. amid rumours that the company may have lost money trading in derivatives.
No official reason has been given for Barone’s departure but the speed of his exit and the fact that no replacement has been lined up indicates there was a major disagreement between Barone and the company’s board of directors.