Reinsurance News
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
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
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 ... Read the full article
9th September 2020
A consortium led by Bermuda-based re/insurer Arch Capital Group has put forward a $500 million offer to buy Watford Holdings, according to reports from Reuters. After pre-warning of sizeable investment losses as a result of COVID-19-induced financial market volatility, Watford this year announced a first quarter loss of almost $267 million. As ... Read the full article
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 ... Read the full article
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 ... Read the full article
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 ... Read the full article
25th June 2020
Bermuda-based re/insurer Arch Capital Group has priced $1 billion of 3.635% senior notes as it looks to raise funds for general corporate purposes. This move effectively sees Arch join a number of other companies looking to capitalise on a firming re/insurance marketplace. For Arch, raising capital could be considered important following ... Read the full article
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 ... Read the full article
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 ... Read the full article
25th February 2020
Arch Capital Group Ltd., the Bermuda headquartered insurance and reinsurance specialist, is acquiring a majority stake in France-based trade-credit insurance firm Coface. Arch Capital has entered into a share purchase agreement with French corporate and investment bank Natixis, which has been selling down its majority stake in Coface. The sale of shares ... Read the full article
12th February 2020
Arch Capital Group Ltd. has reported an improved combined ratio of 83.8% for the fourth-quarter of 2019, as underwriting income in its reinsurance segment more than offset a loss in the re/insurer's insurance division. The company's combined ratio improved by four percentage points when compared with the 87.8% recorded in the ... Read the full article
27th January 2020
Bermuda-based insurer and reinsurer, Arch Capital Group Ltd., has announced the promotion of Prashant Nema to Group Chief Information Officer (CIO). Most recently, Nema served as Senior Vice President (SVP), Divisional CIO for Insurance and U.S. Mortgage Insurance at Arch, and has been with the firm since October of 2015. Prior to ... Read the full article
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
