Arch

Arch Insurance promotes Morrello to E&S property head

Arch Insurance has named Joe Morrello as vice president, head of E&S property.

Arch’s Estes: Umbrella markets increasingly unwilling to deploy unsupported capacity

Casualty executives speaking at a Zywave event have described a “tale of two markets” between workers’ comp and liability lines, as well as between new entrants and incumbents, while Arch’s Tracey Estes suggested umbrella markets are “unwilling to deploy unsupported capacity”.

Arch Reinsurance Group names Halgan president and CUO

Bermuda-based Arch Reinsurance Group has unveiled three senior promotions, including the appointment of Jerome Halgan as president and chief underwriting officer.

Nord Stream sues insurers for €403mn over pipeline explosions

Nord Stream has sued its insurers including Lloyd’s of London and Arch Insurance for more than €403mn ($440mn) for refusing to cover losses caused by the “sabotage” of two Baltic Sea pipelines supplying Russian gas to Western Europe.

Shifting patent landscape amplifies need for IP cover

Arch Insurance International’s Carys Bickmore examines the evolution of the patent industry and what this means for take-up of intellectual property cover.

Arch has more “runway” to grow property cat book, says Grandisson

Arch Capital Group continues to have “some runway” to further grow its property catastrophe reinsurance book even after the company more than doubled the amount of business it wrote in the class in 2023, with its peak zone natural cat probable maximum loss (PML) “well below” its internal limits.

Arch’s Marshall calls for increased focus on longer-tail cyber exposures

As the cyber insurance market continues its growth trajectory, one of the major uncertainties is around third-party losses and potential tail risk.

Arch Q4 UW gain dips slightly to $715mn despite 25% jump in reinsurance profits

Arch Capital’s Q4 underwriting profits fell by 3 percent to $714mn despite a 26 percent surge in its reinsurance underwriting gain to $330mn, with a 23 percent fall in the mortgage unit also offsetting a 1 percent improvement in insurance.

Everest, Arch linked with James River deal as bidding process narrows

Everest and Arch are among a group of potential acquirers linked with interest in a deal for James River as part of its Citi and Ardea-led sale process, which is understood to have narrowed to two final parties this week, The Insurer can reveal.

Arch Re adds Aeolus’s Roberts as a portfolio manager

Arch Re has hired Christian Roberts as a portfolio manager. Based in Bermuda, Roberts’s work will be focused on the firm’s growing third-party reinsurance capital business.

Arch leads war cover on Iran-seized $50mn St Nikolas

Arch leads the marine war cover for St Nikolas, the oil tanker seized by Iran off the Gulf of Oman last week, The Insurer understands.

Arch Insurance adds BHSI’s Venkataraman as CIO

Arch Insurance North America has hired Prabhu Venkataraman from Berkshire Hathaway Specialty Insurance as chief information officer.

Roundtable: how claims servicing has become a key market differentiator

Current hard pricing conditions, coupled with an uptick in natural and man-made loss activity, have seen claims services become a critical retention tool for insurers seeking to differentiate against competitors, as regulatory challenges, the impact of new technology and talent shortages continue to dominate market concerns.

Arch Re open to new casualty business as Habay’s arrival spurs next stage of ILS development

As others scale back over rising loss costs and adverse development concerns, Arch Re remains fully committed to the casualty market as it reaps the rewards of its “measured” approach to the class during the increasingly troublesome underwriting years of 2012 to 2019, Maamoun Rajeh has told The Insurer.

Arch and insurtech Upfort partner on SME cyber offering

Upfort and Arch Insurance have agreed a strategic partnership to expand access to cyber insurance programs for small and medium-sized enterprises, associations and risk pools.

Arch Re hires longtime PartnerRe underwriter DeMartini for professional lines

Arch Re has hired longtime professional liability treaty underwriter Nick DeMartini as a managing underwriter.

NOW launches new Arch capacity-backed physicians and physician group programs

Medical professional liability-focused insurtech MGA NOW Insurance has launched two new programs targeted at physicians and physician groups that will be written on the capacity of Arch Insurance, Program Manager can reveal.

Arch hires Habay as head of BD and ILS partners relations

Arch Capital has hired former JLT Re executive Greg Habay as managing director, head of business development and ILS partners relations.

Old Republic sells run-off mortgage book to Arch for $140mn

Old Republic has agreed a deal to sell its run-off mortgage business to Arch’s growing mortgage insurance operation for consideration of around $140mn, in a transaction advised on by Insurance Advisory Partners.

Arch launches Green-led Australian cyber practice

Arch Insurance Australia has established a new cyber insurance practice, with Rachel Green leading as as national cyber underwriting manager for Australia and the Pacific region.

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