Arch Capital
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Arch set up Bermuda investment manager Arch Fund Management in February. -
Reinsurers are confident on cat rates and ready to deploy ILS capital.
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William Soares moves from casualty and specialty CUO to president.
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There’s not much supply in that marketplace, Papadopoulo said.
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Secondary market traders are baking in further loss potential after PCS increased its wildfire and Helene loss estimates.
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The firm has rotated capital in sidecar Voussoir toward direct investor relationships.
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The carrier’s reinsurance premiums ceded rose by 32% to $3.4bn in 2024.
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The slowdown was based on a conviction of “higher likelihood of frequency events” this year.
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The cover will include the 50 US states, District of Columbia and Canada.
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The cover will include the 50 US states, District of Columbia and Canada.
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The bond is trading at 70c-75c in the dollar in the secondary market.
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The bond is seeking per occurrence, state-weighted industry loss-based coverage.
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He joins from Aeolus Capital, where he spent more than four years as a client portfolio manager.
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Habay oversaw the wind-down of AQR Capital’s reinsurance business in 2015.
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The ILS cedants will receive “substantially decreased” S&P capital relief following the criteria changes, Arch said.
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In addition, Arch Re global CUO Pierre Jal moved to Zurich to take over as Europe CUO, while president Matthew Dragonetti expanded his scope to lead client-centric initiatives.
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Most forecasters predict below-average activity in the region – but opposing weather phenomena mean uncertainty is higher than usual.
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Early private deals have provided far more stability in this year’s renewal than last.
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Early reporters emphasised an ongoing demand for structural change.
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Arch’s estimate is commensurate with a range of expected insured losses across the global P&C industry of $50bn to $60bn.
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Ratings agencies suggest that carriers must do better on controlling volatility – but diverging risk appetites give the lie to the idea that the industry is walking away from risk.
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A New Jersey judge writes a scathing decision criticizing hospitality firms for attempting to claim physical damage from virus and misinterpreting policy language.
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The executive joined the company in 2010.
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Underwriting profits soared by 66% to $174mn, with a $234mn underwriting gain in mortgage outweighing losses in insurance and reinsurance.
