Arch completes takeover of The Ardonagh Group’s UK commercial lines businessArch Insurance Europe has completed the acquisition of the UK commercial lines business owned by The Ardonagh Group.
Blockchain needs to be adopted by all to be of useSenior executives from the Bermuda market have debated the benefits blockchain technology can bring to the (re)insurance market.
Arch names Sturgess international insurance CEOArch has named Hugh Sturgess as CEO of Arch Insurance International, effective 1 January 2019, succeeding Matt Shulman, who was recently named CEO of Arch Insurance North America.
RSG subsidiary WKFC swoops on Arch for property CUOWKFC Underwriting Managers – a subsidiary of Ryan Specialty Group – has appointed Mark Reisig chief underwriting officer of its property portfolio.
Arch acquires Ardonagh’s commercial lines businessArch Insurance Europe is to take over the UK commercial lines business of The Ardonagh Group.
Arch posts Q3 combined ratio of 82 percent despite $58.2mn cat lossesBermudian blue chip Arch Capital Group Ltd estimated today it will take a $40mn-$60mn net hit from Hurricane Michael in its fourth quarter results, which it expects to cost (re)insurers $7bn-$10bn overall.
AIG continues swooping for senior executives; appeals to QS reinsurersAIG’s appointment of Talbot CEO Peter Bilsby yesterday to a new role of global head of specialty underscores the extraordinary migration of senior industry talent that has joined the firm in the last year.
AM Best cites Arch’s “successful management changes” on improved outlookAM Best has said Arch’s robust balance sheet, strong management team and demonstrated ability to outperform its peers had helped its decision to assign a stable outlook to the (re)insurer’s “A+ (Superior)” financial strength rating.
Arch beats with top and bottom line improvementArch has trumped analysts’ consensus in the second quarter with a $242.6mn profit that was 43.6 percent higher than this time last year driven by improvement in both its insurance and reinsurance divisions.
Arch Re loses another casualty exec to Safety NationalArch Re’s New York-based director of casualty Kim Barnett has defected to Safety National, a subsidiary of Tokio Marine that specialises in alternative risk funding.
Arch underwriting income jumps as mortgage business takes offBermudian carrier Arch has posted a consensus-beating set of Q1 results as the company’s underwriting income soared nearly 12 percent to $236.9mn on improved profits in its recently-acquired mortgage business and low catastrophe losses.
Arch seals $400mn legacy deal with CatalinaArch Re has entered into a $400mn legacy deal with run-off giant Catalina to reinsure its book of US specialty casualty exposures and program business, the Bermudian announced today.
Bermuda stocks back in vogue as M&A bonanza fuels strong returns With M&A speculation swirling, Bermuda is now on top of would-be buyers’ wishlists - and now everyone is a potential target. Re-Insurance.com digs into the numbers to see who has emerged as the market’s darling at the end of Q1…
Capsicum Re partners with Arch for US mortgage reinsurance pilotReinsurance intermediary Capsicum Re is to act as broker to Arch’s new mortgage subsidiary, Arch MRT, on a credit risk programme.
Arch’s Grandisson anointed as Iordanou successor with CEO appointmentConstantine Iordanou has stepped down as CEO of Arch Capital Group Ltd to make way for Marc Grandisson and paving the way for his long-term colleague to succeed him.
Investors take decisive action in response to Q4 results Investors were quick to punish carriers that underperformed in a fourth quarter that was plagued by California wildfire losses as they decisively rewarded firms that exceeded expectations in results released last week.
Arch beats estimates as profits surgeArch Capital delivered an expectation-topping $187.4mn operating profit in the fourth quarter as it dodged significant losses from the catastrophes that plagued the industry in the final months of 2017.