Arch Capital Group reported third-quarter net income of $1.03 billion, down from $1.34 billion a year earlier, as catastrophe losses rose and underwriting income fell across its insurance, reinsurance and mortgage businesses. The Bermudian-based insurer and reinsurer earned $3.00 per diluted share in…
Bermuda-based Arch Capital Group Ltd.’s third-quarter net income fell 23% year on year to $1 billion, driven by catastrophe losses related to the Iran conflict and lower underwriting income across its… Arch Capital’s profit falls 23% Bermuda-based Arch Capital Group Ltd.’s…
Arch Insurance International has appointed James Barrett as its deputy active underwriter for Lloyd’s Syndicate 2012, effective immediately. The insurer said Barrett (pictured) would deputise for active underwriter James Croome across all activities relating to the syndicate, including strategic planning, performance…
Tan has has held senior leadership roles with Munich Re, AIG, Swiss Re and Chubb across Asia and the US. Janz joined Berajaya Sompo from AIG Malaysia, where she had been head of financial lines underwriting since August 2020. Global broker…
What happened: Arch Insurance alleges two carriers refused to settle an injury claim on behalf of a contractor they were obligated to cover What's at stake: Settlement costs, attorneys' fees, and potential vexatious-refusal damages under Missouri law Why it matters:…
Bernasconi, who has held legal leadership roles across Europe, Latin America, North America and Nespresso, will succeed retiring Group General Counsel Leanne Geale Nestlé has tapped Manuela Bernasconi as group general counsel and named her to the executive board, entrusting…
Intelligent Insurer - Arch gets WTW senior underwriter to strengthen marine team Arch Insurance International has strengthened its marine hull & war team as it targets continued portfolio growth and expands its market presence. To request a FREE 2-week trial subscription, please…
Hong Kong-based To will focus on strengthening claims service across Hong Kong and Singapore. He has been with Allianz for over 15 year and had stepped into the acting head of liability role in October. He will work alongside Tokinori Kono,…
intelligentinsurer.com - MS Re in a trifecta of appointments for specialty underwriting leadership MS Reinsurance has reshaped its underwriting leadership with three senior appointments across its global speciality lines and financial risks businesses. To request a FREE 2-week trial subscription,…
Patrick Fyson joins as head of property for Asia, while Dylan Bryant returns to a newly created role leading the carrier's multinational and captives business across Asia Pacific. She will also continue to lead the Queensland financial institutions team. Sydney-based…
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Insurers · Specialty and E&S insurers
U.S. arm of Bermuda-based Arch Capital; specialty, E&S and (since buying Allianz's book in 2024) middle market P&C through brokers, MGAs and programs.