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R&Q posts 105% rise in program fee income for H1

The carrier also increased its GWP by 82%, raising it to $807mn in H1 2022 compared to $445mn last year.

Aisling Finn, 08 August 2022
Suncorp’s reinsurance recoveries rise 160% to A$2.4bn

The steep increase in reinsurance recoveries helped offset the higher number of natural disasters in Australia and New Zealand for the year to June 2022.

Aisling Finn, 08 August 2022
Odyssey underwriter O’Connell seeking up to $1bn for monoline cyber re start-up

Odyssey Group cyber chief Robert O’Connell is looking to raise up to $1bn of capital to launch a monoline cyber reinsurer, this publication can reveal.

Adam McNestrie, 08 August 2022
Opinion: The London market must escape the cycle of blinkered hiring

Faced with an overstretched and uniform talent pool, firms must seek candidates from a broader and more diverse base.

Rachel Dalton, 08 August 2022
Inflation pain pushes Berkshire’s Geico to 105% combined ratio

The Q2 deterioration in Geico’s underwriting performance was offset by improvements in its other divisions.

Jairo Ibarra, 06 August 2022
S&P Global Ratings revises Fidelis’ rating outlook to stable from positive

The decision is in line with the responses from AM Best and Moody’s over the company’s reorganisation plan announced July.

Kyoung-son Song, 05 August 2022
QBE Syndicate 386 reports 7.9-point adverse movement for 2020 YoA

The carrier said the movement was driven by unfavourable bond performance and reserve deterioration.

Samuel Casey, 05 August 2022
Everest Re brings in Talbot AIG’s Carpenter and Ewen for marine launch

The carrier is launching into marine as part of a strategic buildout in primary insurance.

Samuel Casey, 05 August 2022
Aon takes WTW’s Allison as COO for reinsurance strategy and tech group

Becky Allison will work to help clients optimise value through more resilient enterprise structures.

Samuel Casey, 05 August 2022
Venture capitalist to launch InsurTech MGA targeting gig economy

Helena Kazi is set to launch an InsurTech MGA later this year that will provide “hyper-personalised” insurance to the gig economy.

Marcel Le Gouais, 05 August 2022

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