Reinsurance News
7th December 2018
Bermuda-based re/insurance firm Arch Capital Group Ltd. has completed its previously announced acquisition of New York insurer McNeil & Co. Arch announced last month that it planned to purchase the company, which offers specialised risk management and insurance programs, for an undisclosed sum. Following the acquisition, McNeil & Co. will operate ... Read the full article
2nd November 2018
Marc Grandisson, President and Chief Executive Officer (CEO) of Arch Capital Group, has said that overall market conditions in the firm’s property and casualty (P&C) business seems relatively unchanged from last-quarter. Furthermore, Grandisson believes that additional rate increases are needed to provide a more adequate margin of safety and broader growth ... Read the full article
31st October 2018
Bermuda-based insurer and reinsurer, Arch Capital Group Ltd. has today posted its financial results for the third-quarter of 2018, reporting net income of $217 million compared with a net loss in the same period last year, supported by solid results within its reinsurance segment. Arch Capital's gross written premiums (GWP) increased ... Read the full article
26th October 2018
Bermudian headquartered global insurance and reinsurance firm Arch Capital Group has added some new geographic diversification to its mortgage insurance book, entering into a EUR 3 billion transaction with ING featuring German mortgage loan risk. Arch Mortgage Insurance Company (Arch MI) said that it entered into the agreement through its Dublin, ... Read the full article
23rd October 2018
Arch Mortgage Insurance Company (Arch MI), the U.S mortgage insurance arm of Arch Capital Group, has secured a further $506.11 million of indemnity reinsurance from the capital markets via an insurance-linked securities (ILS) transaction with Bellemeade Re 2018-3 Ltd., a special purpose reinsurer. The reinsurance relates to a portfolio of mortgage ... Read the full article
17th October 2018
Re/insurance specialist Arch Capital Group has turned to the capital markets for a third time this year, as it looks to complete an insurance-linked securities (ILS) transaction that will provide $506.11 million of reinsurance capacity, according to reports from our sister site Artemis. Once this deal completes, Arch will have ... Read the full article
23rd August 2018
Arch Mortgage Insurance Company (Arch MI) has announced that Mortgage Cadence, an Accenture Company, has integrated Arch MI’s mortgage insurance platform into the Mortgage Cadence Enterprise Lending Center (ELC). Mortgage Cadence said its ELC facilitates lending in all forward and reverse mortgage channels and across all mortgage products, including home equity, ... Read the full article
22nd August 2018
Arch Mortgage Insurance Company (Arch MI), the U.S mortgage insurance arm of Arch Capital Group, has secured $653.3 million of indemnity reinsurance from the capital markets via an insurance-linked securities (ILS) transaction with Bellemeade Re 2018-2 Ltd., a special purpose insurer. The reinsurance relates to a portfolio of mortgage insurance policies ... Read the full article
2nd August 2018
Bermuda-based re/insurance firm, Arch Capital, is to provide underwriting capacity to C-Quence, a new insurtech MGA founded in 2017. Long-term financial backing has been provided by investment holding company Primary Group. “Our ambition is to transform mid-market commercial insurance provision in our target markets of the UK and Ireland by radically improving broker and ... Read the full article
25th July 2018
Arch Capital Group Ltd. (ACGL), the Bermuda based insurance and reinsurance firm, has revealed plans to invest $12.9 million in the launch of a new operational hub in Raleigh, North Carolina. Arch currently employs approximately 575 people in the state, and the new hub is set to create an additional 365 ... Read the full article
7th June 2018
Arch Capital Group has revealed that it plans to expand its underwriting operations in Ireland to ensure continuity following the UK’s scheduled departure from the European Union (EU) in March 2019. The group has applied for regulatory approval from the Central Bank of Ireland to allow its UK insurer, Arch Insurance ... Read the full article
15th May 2018
Arch Capital Group has announced the appointment of François Morin as Executive Vice President and Chief Financial Officer (CFO), effective May 25. He will succeed Mark Lyons, who is leaving Arch to become Senior Vice President and Chief Actuary, General Insurance at AIG, as we reported earlier. Morin has been with ... Read the full article
9th May 2018
Marc Grandisson, President and Chief Executive Officer (CEO) of Arch Capital Group, has predicted that pricing trends at the mid-year renewals are likely to remain flat or even decrease, largely due to industry posturing. Speaking during the company's Q1 2018 earnings call, Grandisson explained that at the recent April 1 renewals ... Read the full article
25th April 2018
Arch Credit Risk Services, a unit of Arch Capital Group, has agreed to provide Munich Re with mortgage credit assessment and underwriting advisory services on a multi-year basis. The services provided by Arch will relate to Munich Re’s involvement in Credit Risk Transfer programs offered by U.S state-sponsored loan companies The ... Read the full article
24th April 2018
Bermuda domiciled insurer and reinsurer, Arch Reinsurance Ltd. (Arch) has entered into a reinsurance transaction with Catalina Holdings (Bermuda) Ltd subsidiary, Catalina General Insurance Ltd (Catalina), which sees the latter assume a portfolio of U.S. property & casualty (P&C) liabilities in run-off from Arch. The U.S. P&C legacy portfolio assumed by ... Read the full article
