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Ardonagh Q2 adjusted Ebitda falls 4.5% to £56.3mn

Bravo and Arachas acquisitions add £45.6mn of adjusted Ebitda on a pro-forma basis.

Berkshire Hathaway strikes 20% quota-share deal with Fidelis

The deal will come into effect on 1 October, with the specialty player's gross lines likely to scale up by a quarter.

AFG strikes Neon run-off deal with Riverstone

The legacy bidder prevails over Enstar, Premia and start-up Marco.

Odyssey Group thanks staff with one-off Covid-19 bonus

All employees received a one-off special bonus in June using the company’s unused travel and entertainment budget.

• Government accuses insurers of exploiting taxpayers in BI claims
• BMS hires Willis’ Morgan to North America D&F team
• Napa County fires force evacuations
• Aviva works on piecemeal Italian disposal: report
• Clear Group purchase of Brokerbility takes turnover to £40mn
• Guy Carpenter hires Miller from Aon as UK property cat head

Opinion

Beazley probably won’t be the last to flag additional losses from events cancellation

FCA BI process: The likelihood of a heavy loss rises, but some elements are a silver lining

The FCA's BI decision, including the important precedents it sets, will be appealed

If ever Lloyd’s needed a good set of numbers, it was now

In Brief

Reinsurance platform RiskBook raises £2mn in seed round

HDI Global Specialty names Scandinavian chief

BMS hires Stone to lead Canadian M&A team

FCA opens consultation on regulation of international firms

Biba appoints Flock as drone scheme provider

Axa XL promotes risk consulting deputy Salter to role of head

Analysis

Executive pay 2019: Greenberg, Glaser and Wilson top the league table

Chubb CEO Greenberg's near-$20.5mn pay narrowly beats that of his closest rival.

Lloyd’s property, casualty and reinsurance segments book H1 underwriting losses

The property segment swings £1bn into the red from a small profit a year earlier.

Reinsurers’ RoE trails far behind cost of capital: Willis

Improved underwriting margins thanks to hardening rates were eclipsed by falling investment returns in the first half.

August marks fifth consecutive month of growth for the Insider 50

The index grew by 1.2 % over August as Floridian carriers and total return reinsurers lead.

Watkins and Horner lead the 2020 Political Violence Rankings

Horner stood his ground and won the broker ranking for the second consecutive year, while Watkins topped the underwriter league table for the first time.

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