Arch Capital
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A re-focus on reinsurance nearly brings Everest back where it started. -
Despite the pricing pressure, margins for the line of business remain attractive, he added.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Reinsurers are mostly aligned on cat reinsurance, but goals are otherwise diverse.
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The Bermudian said its pursuit of SMEs through M&A will provide sustainable improvements to its bottom line.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The appointments will be effective as of August 1.
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The unit will include both ocean and inland marine coverage.
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Ed Short was previously VP, digital partners, at Arch.
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Sources said MarshBerry was retained earlier this year to run the sale.
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The days of 30%+ growth are probably behind the firm, he said.
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Overall, the company’s underwriting income fell 43% to $417mn in the first quarter.
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GAAP reserve triangles reveal the struggles of some hybrid franchises.
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The company, meanwhile, is bullish on E&S US casualty.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Robin Hamilton has been appointed head of energy and marine liability.
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New CEO Williamson will likely continue walking the hybrid path, with an emphasis on fixing US casualty.
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Tim Watson most recently served as a senior credit and political risk underwriter.
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Jelle Ouwehand joined Arch from Marsh, where he was a senior terrorism, PV and war broker.
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A signal around Q4 adverse development has brought the carrier into the spotlight.
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Both appointments are effective immediately.
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Arch stands out among hybrids, but Axis and Everest grind it out.
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Arch is assuming an industry loss related to Helene in the $12bn-$14bn range.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Grandisson's sudden retirement could mean a complicated future for Arch.
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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.
