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Top Stories / Ad / Most Recent
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Across the P&C market, share prices outstripped the 1.16% uptick in the S&P 500 index and the 2.28% rise in S&P 500 financials.
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Condell was previously director of underwriting for Markel’s programs division and has held roles at Travelers, AIG and Liberty Mutual.
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The pandemic contributed $13mn to the quarter’s $30mn Q3 cat loss total.
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The reinsurer's combined ratio deteriorated by 2.4 points in Q3 to 100.4%.
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The disposal plans are the latest of a string of restructuring measures under the leadership of CEO Kevin Rehnberg.
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The international segment’s underlying loss ratio improved by 15 points to 50%.
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The appointments rebuild a team hit with departures in September.
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Former CEO Ryan Mather returns to helm Ariel, and will also oversee underwriting for SPA 6133 under a pact between the acquirers and Apollo.
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Catastrophe losses totaling $6mn contributed to the decline.
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Arch’s reinsurance gross written premium rocketed 51.6% in Q3 to just over $1bn.
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Sources said AIG is offering some staff guaranteed bonuses and stay packages.
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In a filing on Thursday the reinsurer said the former CEO has resigned as a director.
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