QBE
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The carrier cited elevated cat and large-loss activity, including the LA wildfires. -
Bridges joins from QBE, where he spent over 17 years.
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Last year, the firm obtained a Class 4 license in Bermuda.
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The claim hits the downstream market following a loss-hit start to the year.
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There have been several personnel moves in the fast-growing tax insurance space recently.
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The carrier incurred claims from LA wildfires and flooding in Queensland.
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The facility provides follow capacity to US and international placements.
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The steep reduction in quantum stands to benefit specialty excess of loss reinsurers.
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Retention levels for reinsurance fell across the different geographies the carrier operates in.
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Fast Track is led by QBE and backed by Canopius, Arch and Beazley.
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