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Reinsurance News
2nd December 2019
Bermuda-based re/insurance company Arch Capital Group has completed its acquisition of Barbican Group Holdings Limited from owner investor Carlson Capital. The deal, first announced in July 2019, is expected to provide a significant expansion to Arch’s London and Lloyd’s related insurance and reinsurance underwriting operations. As part of the acquisition, Arch ... Read the full article
22nd November 2019
Bermudian insurer and reinsurer, Arch Capital Group Ltd. has announced the addition of Moira Kilcoyne and Thomas Watjen to its Board of Directors, effective January 1st, 2020. Kilcoyne brings extensive experience in the technology and financial services sectors to Arch Capital Group, which includes serving as Co-Chief Information Officer (CIO) of ... Read the full article
30th October 2019
Bermuda-based re/insurance provider Arch Capital Group has reported $382.1 million of net income for the third quarter - up from $217 million in Q3 2018 - despite underwriting losses in its insurance and reinsurance segments. Meanwhile, pre-tax current accident year catastrophe losses, net of reinsurance and reinstatement premiums, have been pegged ... Read the full article
18th October 2019
Arch Capital Group’s US mortgage insurance subsidiary, Arch Mortgage Insurance Company, has secured $577 million of indemnity mortgage reinsurance protection. This transaction, which covers a pool representing $7.2 billion of mortgages from special purpose reinsurer Bellemeade Re 2019-4 Ltd.,is Arch’s fourth of 2019; representing the most Insurance Linked-Note transactions ever conducted ... Read the full article
31st July 2019
Bermuda-based re/insurance company Arch Capital Group said yesterday that it has entered into an agreement to acquire Barbican Group Holdings Limited from owner investor Carlson Capital. For Arch Capital, the move will provide a significant expansion to its London and Lloyd's related specialty insurance and reinsurance underwriting operations, given the acquisition ... Read the full article
30th July 2019
Insurer and reinsurer Arch Capital Group Ltd. has reported a 2.3% improvement in its combined ratio to 80.4% for the second-quarter of 2019, underpinned by a 24.5% improvement in underwriting income driven by its reinsurance and mortgage segments. Overall, underwriting income reached $293 million in the second-quarter of 2019, compared with ... Read the full article
25th July 2019
Arch Capital Group’s US mortgage insurance subsidiary, Arch Mortgage Insurance Company, has secured $700 million of indemnity mortgage reinsurance protection. This transaction, which covers a pool representing $49.6 billion of mortgages from special purpose reinsurer Bellemeade Re 2019-3 Ltd., is Arch’s third of 2019 and the largest of its kind by ... Read the full article
12th July 2019
Arch MI, the private mortgage insurance subsidiary of Arch Capital, has entered into a partnership with multi-platform technology company BeSmartee. The partnership will see Arch MI’s RateStar risk-based pricing solution integrated with the BeSmartee POS (point of sale) mortgage origination platform. It’s hoped this integration will provide productive workflow continuity and modernise ... Read the full article
10th July 2019
Bermuda-based re/insurance firm Arch Capital Group has announced the appointment of Ed Jordan as Portfolio Manager at it reinsurance subsidiary, Arch Re. Jordan has spent the previously 17 years at Tokio Millenium Re AG (TMR) in Bermuda, most recently as head of its Capital Solutions unit. In this role, he was responsible ... Read the full article
20th June 2019
Seamus Fearon, previously Chief Actuary of Arch Capital Group Ltd.'s Global Mortgage Group, has been promoted to Executive Vice President (EVP), Credit Risk Transfer and Services, Global Mortgage Group. This newly created role has been established to build on the firm's growing participation in credit risk transfer programs, while at the ... Read the full article
1st May 2019
Bermuda-based re/insurance firm Arch Capital Group has reported a 61.9% drop in underwriting income for its reinsurance segment during the first quarter of 2019, partly driven by $16 million of loss creep from Typhoon Jebi. Underwriting income for Arch’s reinsurance operations totalled $20.9 million in Q1 2019, down from $54.8 million ... Read the full article
15th April 2019
Arch Insurance (UK) Limited, a division of Arch Insurance International, has completed its takeover of specialist underwriting agency, Obelisk Underwriting. Obelisk Underwriting produced around £5 million of gross written premium (GWP) in 2018, and will form part of Arch UK Regional Division, which is focused on commercial property, casualty, motor, professional ... Read the full article
1st March 2019
Bermudian reinsurer Arch Capital Group has appointed Andrew Rippert as Chief Innovation and Strategic Investment Officer, a newly created role within which he will be responsible for pursuing innovative business models and developing a pipeline of creative products and services. Rippert, who joined Arch in 2010 and most recently served as ... Read the full article
15th February 2019
Despite some signs of tightening capacity within the retrocession and facultative markets, in many instances, rate levels relative to risk remain inadequate to deploy additional capital, according to Marc Grandisson, President and Chief Executive Officer (CEO) of Arch Capital Group. Speaking during the Bermuda-based insurer and reinsurer's Q4 and full-year 2018 ... Read the full article
13th February 2019
Bermudian re/insurer Arch Capital Group saw its fourth quarter net income fall by 38% year-on-year from $203.5 million in 2017 to $126.1 million in 2018, primarily due to the impact of natural catastrophes on its results. Arch’s Q4 catastrophe losses totalled $118.2 million, net of reinsurance and reinstatement premiums, with losses ... Read the full article
