Reinsurance News

Arch Capital Group

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

Arch appoints Christine Todd CIO

24th May 2021

Arch Capital Group has appointed Christine Todd to the role of Chief Investment Officer, effective June 7. Todd will report to Chief Executive Officer Marc Grandisson and have responsibility for setting the firm’s investment strategy and managing the day-to-day operations of the investment portfolio. She succeeds W. Preston Hutchings, who is retiring ... Read the full article

Arch provides reinsurance capacity for Delos Cali wildfire cover

27th April 2021

Bermuda-based re/insurer Arch Capital Group Ltd. has agreed to provide reinsurance capacity to Delos Insurance Solutions to expand its coverage for wildfire-exposed homes in California. The reinsurance capacity will be provided by Arch Reinsurance Ltd. (Bermuda) and the Lloyd’s of London syndicate, Arch Syndicate 1955 (formerly Barbican Syndicate 1955). Broker Guy Carpenter ... Read the full article

Arch’s reinsurance segment takes bulk of $180m-$190m Q1 cat bill

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 ... Read the full article

Arch to acquire Westpac Lenders Mortgage Insurance

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 ... Read the full article

Arch hires O’Gorman to launch Transport & Logistics insurance division

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, ... Read the full article

Louis Tucker named Head of Arch Managing Agency

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 ... Read the full article

Arch reports spike in Q4 net income to $533mn

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 ... Read the full article

Arch expects Q4 catastrophe losses of up to $165mn

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 ... Read the full article

Enstar ups bid for Watford to $686mn, threatens legal action over Arch deal

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 ... Read the full article

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