Reinsurance News
Arch Reinsurance
AM Best assigns Arch Group Re A+ rating
14th March 2024
Credit ratings agency AM Best has assigned Arch Group Reinsurance Ltd. (Bermuda) a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa-” (Superior). The outlook assigned to these ratings is stable. The ratings agency added that these reflect the reinsurer's balance sheet strength which has been ... Read the full article
Arch Re hires Jon Schriber from PartnerRe as President
24th July 2023
Arch Reinsurance, part of Arch Capital Group, has hired Jonathan Schriber from Bermuda-based reinsurer PartnerRe as its new President, effective August 1st, 2023. In his new role, Schriber will be based in Morristown, New Jersey, and takes on responsibility for the company's U.S. reinsurance operation's underwriting portfolio, as well as oversight ... Read the full article
Arch Reinsurance names Vanessa Hardy Pickering as CFO
19th July 2021
Arch Reinsurance has appointed Vanessa Hardy Pickering as Chief Financial Officer, which will take place in September. Hardy Pickering is an experienced re/insurance executive with a track record of supporting strategic growth plans, assembling and leading strong teams and serving as a trusted business partner to a variety of stakeholders. Most recently, ... 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 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
Catalina reinsures U.S. P&C legacy portfolio for Arch
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
Arch announces series of senior reinsurance executive promotions
11th October 2017
Arch Capital has announced a string of promotions of senior executives within its Worldwide Reinsurance Group management. Arch Reinsurance Company President and Chief Executive Officer in the U.S. Jerome Halgan has been promoted to the role of Chief Executive Officer of Arch Reinsurance in Bermuda. Matt Dragonetti, currently Head of Property at ... Read the full article
Arch gets negative outlook from A.M. Best on United Guaranty risks
31st August 2017
Bermudian insurance and reinsurance firm Arch Capital Group Ltd. and its Arch Reinsurance Ltd. subsidiary have both had negative outlooks assigned to their credit ratings by A.M. Best. The negative outlooks are due to A.M. Best's view that Arch has experienced a "significant increase in financial leverage" due to the issuance ... Read the full article
Arch Re appoints François Dagneau as CEO of Canada branch
19th June 2017
Arch Reinsurance Company has named François Dagneau as the new Chief Executive Officer of its Canada branch, replacing Patrick McGuiness, who is retiring from the company. Dagneau, who has a 25 year career in the insurance and reinsurance market, joins Arch Re's Canadian operations from reinsurance broker Aon Benfield, where he ... Read the full article
Arch Capital board member resigns due to potential conflict of interest
28th February 2017
Arch Capital Group Ltd., the Bermuda based insurance and reinsurance firm, has announced the resignation from its Board of CEO of The Guardian Life Insurance Company of America Deanna Mulligan. Mulligan has taken the step to resign from the Arch Board of Directors due to a "potential future conflict of interest" ... Read the full article
Arch Re forms Arch Underwriters (Gulf) Limited
27th February 2017
Bermuda reinsurance company Arch Reinsurance Ltd. (Arch Re) has announced the formation of Arch Underwriters (Gulf) Limited (AUGL), to supplement its Gulf Re unit in Dubai. Arch Underwriters (Gulf) Limited will, subject to approval, be based in the Dubai International Financial Center (DIFC), UAE, and have underwriting authority for Arch Re. The ... Read the full article
Charles Taylor opens Latin America captive office, hires Arch Re exec
2nd February 2017
Charles Taylor has opened a new office in Panama in a move that expands its captive insurance services' capabilities across Latin America, and has appointed Alvaro Ortiz, formerly of Arch Reinsurance, Bermuda, to lead the new office. Ortiz joins the company as President and Chief Executive Officer (CEO of Charles Taylor RSLAC Inc., ... Read the full article