Arch Capital
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Grandisson's sudden retirement could mean a complicated future for Arch. -
The chief executive will also receive a yearly bonus of 200% of base salary.
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Arch announced the retirement of CEO Marc Grandisson on Monday, with immediate effect.
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The executive has been group CUO since 2021.
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He replaces Richard Goldfarb, who will remain as head of strategy.
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The carrier writes all of its E&S business in the state through Arch Specialty Insurance Company.
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A quick round-up of today’s need-to-know news, including Ryan Specialty and Skyward Specialty.
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Mark Lange, chief middle-market executive, will oversee the new businesses.
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The slowdown was based on a conviction of “higher likelihood of frequency events” this year.
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A quick roundup of today’s need-to-know news, including AIG's earnings.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Both parties expect to close the transaction on August 1, 2024.
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