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Insurance contract written premium increased by 23% to $1.84bn. -
German floods were the carrier’s largest H1 loss, at EUR120mn.
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The action follows the completed acquisition of Accredited by Onex Partners.
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The legacy firm said the deal would strengthen its Bermuda operations.
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Debby should be a “very manageable” storm for the (re)insurance market, it said.
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A roundup of all the news you need today, including QBE’s LPT deals Enstar and RiverStone International.
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The subsidiary’s financial result swung from loss to profit for the period.
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The transactions will de-risk all North America middle-market reserves up to 30 June 2024.
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Plus the latest people moves and all the top news of the week.
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The international business grew premiums by 12.5% over the period.
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The carrier unveiled major spending on overseas growth initiatives.
