News relating to the Bermuda and international insurance and reinsurance industry.
But new business production in its insurance segment remained strong.
It says the long-term structural outlook for the housing market remains positive.
Quotech has raised £1 million from angel investors and Convex, the lead investor.
Insurance & Services drove a 41% increase in GWP, to $812 million.
The decline followed unrealised losses on fixed maturities due to rising interest rates.
The investment advisory company has a particular focus on catastrophe bonds.
But Gallagher Re says funding is still 50% below 2021 levels.
IGI has had an exclusive underwriting agency arrangement with EIO since 2009.
The Mosaic Moment series offers informed insights on economic and geopolitical themes.
It also booked a net loss of $48 million for the conflict in Ukraine.