16th April 2021
Bermuda-based insurer and reinsurer, Arch Capital Group Ltd., has announced a pre-tax catastrophe loss range of between $180 million to $190 million for the first-quarter of 2021, of which roughly 80% falls to its reinsurance segment.
The up to $190 million loss range is almost entirely from natural catastrophe events that ...
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18th March 2021
The Global Mortgage Group of Arch Capital Group Ltd. has entered into a share purchase agreement with the Westpac Group to acquire Westpac Lenders Mortgage Insurance Limited (WLMI).
WLMI is an Australian Prudential Regulation Authority (APRA) authorized captive lenders mortgage insurance (LMI) provider to Westpac.
The business had shareholders’ equity of $AUD ...
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15th March 2021
Arch Insurance International, part of Arch Capital Group Ltd., has hired Argo Group's Steve O'Gorman to lead its newly launched transport and logistics insurance unit, effective immediately.
The insurer's new division provides a range of specialist marine and P&C insurance solutions for the logistics and cargo segments, on a global basis.
Additionally, ...
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18th February 2021
Arch Insurance International, a division of Arch Capital Group Ltd., has named Louis Tucker as Managing Director of Arch Managing Agency Limited, with immediate effect.
Arch Managing Agency was formed in September 2020 as a single brand under which to combine Arch’s Lloyd’s managing agency units.
As Managing Director, Tucker will ...
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10th February 2021
Bermuda domiciled Arch Capital Group, Ltd. has reported an increase in net income to $533.1 million for the fourth-quarter of 2020, as the performance of its reinsurance and mortgage segments more than offset an underwriting loss in the firm's insurance unit.
Net income increased by 69% from the same period in ...
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22nd January 2021
Bermuda domiciled insurer and reinsurer, Arch Capital Group Ltd., has announced estimated pre-tax catastrophe losses of between $155 million and $165 million for the fourth-quarter of 2020.
Arch explains that the losses are across its property / casualty insurance and reinsurance operations, net of reinsurance and reinstatement premiums.
The loss estimate range ...
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15th October 2020
Legacy acquirer Enstar has written to the board of Watford Holdings offering a revised acquisition offer of $686 million, as well as strongly criticising its handling of previous takeover attempts and subsequent agreement with Arch.
It was confirmed earlier this week that Arch had reached an agreement with Watford to ...
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14th October 2020
Bermuda-based re/insurer Arch Capital Group is anticipating catastrophe losses in the third quarter to fall between $190 million and $210 million.
Catastrophe that occurred during the period include hurricanes Isaias, Laura, and Sally, the Derecho Windstorm, California Wildfires and other minor global events.
Arch's estimate relates to its property casualty re/insurance segments ...
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30th July 2020
Arch Capital Group Ltd. has announced net income of $288.4 million for the second-quarter of 2020, while the insurer and reinsurer's combined ratio deteriorated year-on-year to 101.8%.
Net income declined from the $458.6 million posted in the second-quarter of 2019, while the combined ratio jumped by more than 21 percentage points ...
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15th July 2020
Arch Capital Group Ltd. has announced estimated pre-tax net catastrophe losses of $205 million to $225 million across its property casualty insurance and reinsurance operations in the second-quarter of 2020.
The Bermuda-based insurer and reinsurer's Q2 catastrophe loss range is net of reinsurance recoveries and reinstatement premiums, and includes the impacts ...
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2nd July 2020
Arch Mortgage Insurance Company (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., has secured $528 million of indemnity reinsurance via a mortgage insurance-linked note (ILN) transaction and direct reinsurance.
The $528 million of mortgage reinsurance covers a pool representing around $44 billion of mortgages for Arch MI, and ...
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28th April 2020
Arch Insurance International, a division of Arch Capital Group Ltd., has announced the promotion of both James Croome and Marie Biggas at Arch Syndicate 2012.
Croome has been promoted to Active Underwriter and Biggas to Deputy Active Underwriter and, both new roles are in addition to their existing underwriting management roles ...
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16th April 2020
Bermuda-based insurer and reinsurer, Arch Capital Group Ltd., has announced estimated pre-tax losses of up to $95 million across its property casualty insurance and reinsurance segments, and losses of up to $50 million in its mortgage segment, as a result of the impacts of the COVID-19 pandemic.
Arch has underlined the ...
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