Capsicum Re partners with Arch for US mortgage reinsurance pilotReinsurance 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 appointmentConstantine 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 surgeArch 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.