Arch Capital

Discussion on Q3 earnings calls focused heavily on the supply-demand imbalance in cat capacity, as executives discussed how they would navigate a challenging January renewal.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

In a Q3 earnings call today, Arch CEO Marc Grandisson also told investors that events like Hurricane Ian “almost always result in opportunities”.

The cat and expense developments offset favorable reserve developments during the quarter, as the Bermudian released $178mn.

Arch’s estimate is commensurate with a range of expected insured losses across the global P&C industry of $50bn to $60bn.

Ratings agencies suggest that carriers must do better on controlling volatility – but diverging risk appetites give the lie to the idea that the industry is walking away from risk.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Arch Capital CEO Marc Grandisson told analysts on an investor call today that the industry has started incorporating higher inflation into models.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The Bermudian also reported margin improvements and top line acceleration despite a decline in mortgage gross written premium.

The sector was hit by a rough first half of 2022, with more to come in the second half of the year.

Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends.