Arch

RSG subsidiary WKFC swoops on Arch for property CUO

WKFC Underwriting Managers – a subsidiary of Ryan Specialty Group – has appointed Mark Reisig chief underwriting officer of its property portfolio.

Arch acquires Ardonagh’s commercial lines business

Arch Insurance Europe is to take over the UK commercial lines business of The Ardonagh Group.

Arch posts Q3 combined ratio of 82 percent despite $58.2mn cat losses

Bermudian blue chip Arch Capital Group Ltd estimated today it will take a $40mn-$60mn net hit from Hurricane Michael in its fourth quarter results, which it expects to cost (re)insurers $7bn-$10bn overall.

AIG continues swooping for senior executives; appeals to QS reinsurers

AIG’s appointment of Talbot CEO Peter Bilsby yesterday to a new role of global head of specialty underscores the extraordinary migration of senior industry talent that has joined the firm in the last year.

AM Best cites Arch’s “successful management changes” on improved outlook

AM Best has said Arch’s robust balance sheet, strong management team and demonstrated ability to outperform its peers had helped its decision to assign a stable outlook to the (re)insurer’s “A+ (Superior)” financial strength rating.

Arch beats with top and bottom line improvement

Arch has trumped analysts’ consensus in the second quarter with a $242.6mn profit that was 43.6 percent higher than this time last year driven by improvement in both its insurance and reinsurance divisions.

Arch Re loses another casualty exec to Safety National

Arch Re’s New York-based director of casualty Kim Barnett has defected to Safety National, a subsidiary of Tokio Marine that specialises in alternative risk funding.

Arch underwriting income jumps as mortgage business takes off

Bermudian carrier Arch has posted a consensus-beating set of Q1 results as the company’s underwriting income soared nearly 12 percent to $236.9mn on improved profits in its recently-acquired mortgage business and low catastrophe losses.

Arch seals $400mn legacy deal with Catalina

Arch Re has entered into a $400mn legacy deal with run-off giant Catalina to reinsure its book of US specialty casualty exposures and program business, the Bermudian announced today.

Bermuda stocks back in vogue as M&A bonanza fuels strong returns

With M&A speculation swirling, Bermuda is now on top of would-be buyers’ wishlists - and now everyone is a potential target. Re-Insurance.com digs into the numbers to see who has emerged as the market’s darling at the end of Q1…

Capsicum Re partners with Arch for US mortgage reinsurance pilot

Reinsurance intermediary Capsicum Re is to act as broker to Arch’s new mortgage subsidiary, Arch MRT, on a credit risk programme.

Arch’s Grandisson anointed as Iordanou successor with CEO appointment

Constantine Iordanou has stepped down as CEO of Arch Capital Group Ltd to make way for Marc Grandisson and paving the way for his long-term colleague to succeed him.

Investors take decisive action in response to Q4 results

Investors were quick to punish carriers that underperformed in a fourth quarter that was plagued by California wildfire losses as they decisively rewarded firms that exceeded expectations in results released last week.

Arch beats estimates as profits surge

Arch Capital delivered an expectation-topping $187.4mn operating profit in the fourth quarter as it dodged significant losses from the catastrophes that plagued the industry in the final months of 2017.