Arch obtains $621mn mortgage reinsurance in latest Bellemeade dealArch Mortgage Insurance has obtained $621mn of indemnity reinsurance in its eighth Bellemeade transaction, bringing its total coverage received through insurance-linked note (ILN) deals to $3.5bn.
Arch beats despite Jebi creepArch Capital Group reported an earnings beat as it booked strong top line growth and high underwriting income for the first quarter, despite $16mn of loss creep from Typhoon Jebi.
Arch UK expands into cyberThe UK arm of Bermudian carrier Arch Insurance is set to launch its first cyber product aimed at businesses in the small to medium enterprise bracket.
Arch adds Obelisk to regional divisionArch has completed its acquisition of Obelisk Underwriting, which now forms part of the Arch UK Regional Division.
Arch sues Koch to deny $85mn feed mill explosion claimArch Specialty Insurance has filed a lawsuit against Koch Foods, claiming it should not pay its share of an $85.5mn claim resulting from a 2016 poultry feed mill explosion because of material misrepresentations made to the insurer.
Arch builds regional presence with Axiom purchaseArch has acquired the remaining shares in Axiom Underwriting, having initially purchased 60 percent of the business in 2015.
Arch’s Irish unit expands offering as part of Brexit planArch has revealed a Brexit plan for its European insurance operations, including receiving approval for its Irish mortgage insurance unit to expand into other lines.
Pasquesi to replace Iordanou as Arch chairmanArch Capital Group has announced that John Pasquesi will succeed Constantine Iordanou as chairman in September upon the completion of Iordanou’s term.
Arch confirms backing of Simpson’s HNW MGA ArchipelagoArch has confirmed its investment in a new UK MGA Archipelago Risk Services, as first revealed by The Insurer.
Arch closes $342mn mortgage reinsurance ILS dealArch Mortgage Insurance (Arch MI) has obtained $341.8mn of indemnity reinsurance on a pool representing nearly $23bn of mortgages from the Bellemeade Re 2019-1 insurance-linked securities deal.
Arch creates new role for Rippert, shuffles mortgage managementAndrew Rippert has been appointed chief innovation and strategic investment officer of Arch Capital, reporting to CEO Marc Grandisson.
Arch backs new UK HNW MGA ArchipelagoFormer Aon executive and UK broking entrepreneur Angus Simpson is poised to launch a new UK MGA Archipelago Risk Services which will provide bundled personal lines products to high net worth (HNW) individuals, The Insurer can reveal.
Arch beats with top and bottom line growthArch shook off cat losses to deliver a small increase in operating earnings coupled with top line growth in a quarter lifted by significantly higher underwriting income from its mortgage arm.
Berkshire Hathaway was biggest writer of PG&E excess liabilityBerkshire Hathaway wrote by far the biggest share of PG&E’s excess liability cover, The Insurer can reveal.
Arch hires Travelers’ Boquist to lead new admitted energy platformArch has launched a new business unit to provide admitted middle market insurance solutions to energy companies in North America.
Argo begins search for new E&S chiefArgo Group’s US excess and surplus lines (E&S) platform is on the hunt for a new president following the departure of Ron Vindivich 16 months after taking the position.
Arch ups Q4 cat loss range to include wildfiresArch Capital now expects to take pre-tax losses from fourth quarter 2018 cat events of $110mn to $130mn, primarily from Hurricane Michael and the devastating California wildfires.
Arch completes takeover of The Ardonagh Group’s UK commercial lines businessArch Insurance Europe has completed the acquisition of the UK commercial lines business owned by The Ardonagh Group.
Blockchain needs to be adopted by all to be of useSenior executives from the Bermuda market have debated the benefits blockchain technology can bring to the (re)insurance market.
Arch names Sturgess international insurance CEOArch has named Hugh Sturgess as CEO of Arch Insurance International, effective 1 January 2019, succeeding Matt Shulman, who was recently named CEO of Arch Insurance North America.