Arch Capital
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William Soares moves from casualty and specialty CUO to president. -
Sources said MarshBerry was retained earlier this year to run the sale.
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Specialty reinsurance has experienced high competition for talent.
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The days of 30%+ growth are probably behind the firm, he said.
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Overall, the company’s underwriting income fell 43% to $417mn in the first quarter.
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James Barrett has been interim head of cyber since October 2024.
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Chapman exited from Scor following a 13-year tenure with the carrier.
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Fast Track is led by QBE and backed by Canopius, Arch and Beazley.
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Deteriorating CoRs, GWP growth and fears over wildfire impacts were common themes.
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The company, meanwhile, is bullish on E&S US casualty.
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The firm pegged industry losses at $35bn-$45bn.
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