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.