Net cash inflow surged by USD7.9 billion in the first half of 2009 compared with a USD1.9 billion increase for the first half of 2008, a rise of 316 percent for the Guy Carpenter Global Reinsurance Composite. Increased operating cash flow from underwriting earnings more than offset outflows from realized investment losses and the decreased inflows from investing activities. The curtailing of dividend payments and share buybacks also led to lower financing cash outflows.
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