Reinsurance News
Arch Capital Group
Joe Morello appointed Arch Int. EVP, Head of E&S Property
4th April 2024
Arch Insurance Group Inc., has announced the promotion of Joe Morello to the role of Executive Vice President, Head of E&S Property. Prior to his appointment, Morello, who has over three decades of experience, served as SVP E&S Property at Arch Insurance for over two years. He had joined the company following ... Read the full article
Arch reports stronger reinsurance underwriting result as group net income hits $2.3bn in Q4’23
15th February 2024
Bermuda-based re/insurer Arch Capital Group Ltd. has reported a Q4 2023 combined ratio of 78.9% compared with 73.5% a year earlier as catastrophe losses increased, although underwriting income in both its insurance and reinsurance segments strengthened year-on-year. Group wide, net income available to common shareholders hit $2.3 billion in Q4 2023, ... Read the full article
Underwriting discipline to remain in threshold driven market: Rajeh, Arch Worldwide Re
19th December 2023
After a broad reassessment of the cost of risk, a focus on underwriting discipline is expected to persist at the upcoming renewals and beyond, in what’s expected to be a good market for both primary insurers and reinsurers, according to Maamoun Rajeh, Chairman and Chief Executive Officer (CEO), Arch Worldwide ... Read the full article
Arch reports Q3 net income of $713m as reinsurance result soars
31st October 2023
Arch Capital Group has reported net income available to common shareholders of $713 million for Q3 of 2023, a massive increase compared to the $7 million recorded in the same quarter last year, driven by strong growth in the firm's reinsurance segment. Arch's total underwriting income in Q3 was $721 million, ... Read the full article
Arch names Seamus Fearon as CEO, International Mortgage
5th October 2023
Arch Capital Group Ltd. (Arch) has announced the appointment of Seamus Fearon as the new CEO of International Mortgage for the Global Mortgage Group. In his expanded role, Fearon will oversee Arch's Australian and European mortgage operations, as well as the Government Sponsored Enterprise (GSE) Credit Risk Transfer (CRT) and Services ... Read the full article
Arch Re announces executive appointments and promotions
29th August 2023
Arch Re, the reinsurance arm of Arch Capital Group Ltd., has announced a number of changes to its executive team, including promotions for Crystal Doughty and William Soares. Doughty is now Chief Underwriting Officer (CUO), Property and Soares has been named as CUO of Casualty and Specialty, both reporting to Arch ... Read the full article
Arch Capital reports strong growth in reinsurance in Q2 as underwriting profit swells
27th July 2023
Bermuda headquartered re/insurer Arch Capital Group Ltd. has reported strong growth in its reinsurance business in the second-quarter of 2023, as the segment's underwriting result improved by 75% to $245 million with a combined ratio of 81.9%. During the quarter, Arch Capital's reinsurance segment, Arch Re, witnessed gross premiums written (GPW) ... Read the full article
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