Reinsurance News
Arch Capital Group
Arch doubles reinsurance income in Q1, expands top-line
27th April 2023
Bermuda-based Arch Capital Group has reported significantly improved results for the first quarter of 2023, helped by its reinsurance segment, which saw underwriting income almost double as gross premiums written grew by 43.1%. Overall, Arch’s net income for Q1 was $705 million, compared with just $186 million for the same period ... Read the full article
Arch Capital reports net income of $850m in Q4 results
14th February 2023
Bermuda-based Arch Capital Group has reported net income available to its common shareholders of $849.5 million in Q4 of 2022, a 29.5% annualised net income return on average common equity, compared to $613.1 million for the same quarter of 2021. After-tax operating income available to Arch's common shareholders was $805.9 million, ... Read the full article
Arch Insurance & AEGIS London latest to rule out insuring EACOP
29th November 2022
Arch Capital Group Ltd and AEGIS London have become the latest (re)insurance companies to commit not to provide any coverage to the East African Crude Oil Pipeline (EACOP) project. They join 19 other (re)insurers, including four of the world’s biggest (re)insurance companies - Munich Re, Swiss Re, Hannover ... Read the full article
Arch reports reinsurance underwriting loss of nearly $200m
27th October 2022
Bermuda-based carrier Arch Capital Group Ltd. has released its results for the third quarter of 2022, which include an underwriting loss of $196.9 million within its reinsurance segment, largely due to the impact of Hurricane Ian. Ian accounted for the bulk of Arch’s $550.8 million catastrophe bill for the quarter, Read the full article
Arch more than doubles Q1 operating income
28th April 2022
Bermuda-based Arch Capital Group has reported a 146% increase in operating income over the first quarter of 2022, helped by improvements in underwriting income across all three of its main business segments – insurance, reinsurance and mortgage. Operating income amounted to $457.6 million for the quarter, compared to $185.9 million in ... Read the full article
Arch Insurance makes multiple senior appointments to claims team
31st March 2022
Arch Insurance International, part of re/insurer Arch Capital Group Ltd, has made multiple senior appointments for its claims team. In a press release, the company announced the appointments of Janet Brook, Sheena Hooda and Tilly Milnes as Senior Claims Handlers, effective immediately. Both Brook and Milnes have joined the Financial Institutions claims ... Read the full article
Arch Insurance promotes Bonneau to Chief Reinsurance & Exposure Officer
4th March 2022
Arch Insurance International, part of insurer and reinsurer Arch Capital Group Ltd., has promoted Krista Bonneau to the role of Chief Reinsurance and Exposure Officer, effective immediately. In her new role, Bonneau takes on responsibility for developing and managing the firm's ceded reinsurance and exposure management function across its portfolio. She will ... Read the full article
Arch’s reinsurance segment reports solid fourth-quarter underwriting gain
10th February 2022
Bermudian carrier Arch Capital Group has reported a much-improved performance across its insurance and reinsurance operations during the fourth quarter of 2021, helping the firm generate a combined ratio of 77.6% for the period. Across the group, gross premiums written (GPW) increased by almost 27%, year-on-year, to $2.9 billion, as net ... Read the full article
Net premiums rise for reinsurers in Bermuda
20th January 2022
The net premiums written for a group of eight reinsurers based in Bermuda rose by 18.1% through 9m21. The figure was supplied by Fitch in one of its latest reports. The company suggested that the growth was driven by rate increases, plus growth in casualty and specialty writings. Among the eight reinsurers—Arch ... Read the full article
Arch Re Fac announces exec promotions, Santi Hernandez named CEO
11th January 2022
Arch Re Facultative, part of Bermuda-based Arch Capital Group Ltd.'s reinsurance division, has announced several leadership promotions which were effective January 1st, 2022, including the appointment of Santiago Hernandez as Chief Executive Officer (CEO). All the promotions coincide with the retirement of former Arch Re North America CEO, Ken Vivian, at ... Read the full article
Arch shuffles executive leadership of U.S. reinsurer
7th January 2022
Bermuda-based Arch Capital Group Ltd. has announced numerous executive promotions at its U.S. reinsurer Arch Reinsurance Company (Arch Re Co.), including the appointment of Peder Moeller as Chief Executive Officer (CEO), effective January 1st, 2022. Also effective from this date, Jessica Bongiorno was promoted to Chief Underwriting Officer (CUO), Property and ... Read the full article
Re/insurers shift focus as renewal activity stalls, say analysts
24th November 2021
As insurers and reinsurers shift focus ahead of the key January 1st, 2022 renewals, there's uncertainties around the property catastrophe space while activity for 1/1 is reportedly behind schedule, according to Morgan Stanley. Analysts at Morgan Stanley recently hosted the firm's insurance corporate access day, which featured nine property and casualty ... Read the full article
Arch wraps up $622mn Watford acquisition
2nd July 2021
Arch Capital Group has officially wrapped its $622 million acquisition of Watford Holdings, roughly eight months after first signing a merger agreement. Arch and investment partners Kelso and Warburg Pincus pursued the merger agreement through an affiliated entity of which Arch owns approximately 40%, and funds managed by Kelso and Warburg ... Read the full article
Arch Re looks to strengthen UK motor capabilities with acquisition of Somerset
23rd June 2021
Arch Reinsurance Ltd., the specialty property and casualty reinsurance subsidiary of Bermuda-based Arch Capital Group Ltd., is looking to acquire Somerset Bridge Group Limited, Southern Rock Holdings Limited and affiliates (Somerset). The proposed transaction, which is subject to regulatory approval, includes Somerset's motor managing general agent, distribution capabilities via direct and ... Read the full article
Arch Insurance Intl. promotes Kirsten Valder & Jason Kittinger
10th June 2021
Arch Insurance International, which includes Arch's insurance operations in Europe, Bermuda and Australia, has promoted Kirsten Valder to Chief Administrative Officer and Jason Kittinger to Chief Operating Officer (COO), effective June 30th, 2021. The promotions of both Valder and Kittinger form part of the company's long-term succession planning. Dennis Brand, current ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
