Arch Capital
-
The companies warn that the pandemic will likely cause losses and devalue their books and investments.
-
The carrier said the market was in the early stages of rate change and it was hard to know how long improvements would last.
-
Arch Capital has concluded its fourth mortgage ILS deal this year.
-
The provider said the losses were driven by the impact of Hurricane Dorian and Japanese typhoons.
-
Upon completion, the carrier will have ceded over $4.7bn of mortgage insurance risk.
-
The carrier is among the first P&C insurers to release anticipated loss numbers ahead of the third-quarter earnings season.
-
Trading Risk looks at the dominant themes that the ILS market will be discussing at the 63rd Monte Carlo Reinsurance Rendez-Vous in September.
-
The carrier has meaningful available capacity to deploy, according to CFO François Morin.
-
The insurer said it was looking forward to expanding Barbican’s relationships with third-party capital.
-
Arch Mortgage Insurance raised $701mn in the largest mortgage ILS deal to date, while National Mortgage Insurance is hoping to raise $327mn.
-
The CEO of Arch puts Jebi industry loss estimate at $13bn.
-
Arch’s reinsurance underwriting income for the first quarter of this year plummeted by 61.9 percent to $20.9mn.