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Top Stories / Ad / Most Recent
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The US-focused specialty insurer dropped its core loss ratio by almost two points as it delivered its best underlying underwriting result since 2016. -
Marina Barg joins the business from WR Berkley.
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Thomas Uribe moves to Axis from Axa XL, where he was a senior excess casualty underwriter.
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The ratings agency also affirms the carrier’s financial strength rating of A.
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Several (re)insurer reporters do not anticipate the rate momentum to slow down materially even as they build on exposure growth.
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The executive also indicated that the reinsurer would be willing to grow at the Florida, if pricing reached what it viewed as adequate levels.
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Rates for Japanese wind treaties increased between 5% and 10% at the April renewal, while quake pricing was up 5%.
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The reinsurer grew premiums by 31% in the quarter overall, led by a 33% pickup in property premiums and 29% growth in casualty and specialty.
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Arch CEO Marc Grandisson has said he is “not losing sleep” over the prospect of new (re)insurance startups snuffing out the hard market.
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Tom Gregory, Cameron Maffit, Mark Robinson and Patrick Reardon have now started in their new roles.
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The start-up is aiming for a July 1 launch, initially offering non-admitted property coverage in the Northeast and Midwest, before expanding into other lines.
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The ratings agency has also affirmed the A- FSR of Convex’s UK and Bermudian entities.
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