Arch Capital
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The executive will oversee all aspects of managing direct insurance operations at the business. -
The executive has spent 20 years at the company and five at the helm.
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Arch Re CEO Maamoun Rajeh says renewals need to be more like performance reviews: telegraphed with no surprises, as there is no upside to late games of “chicken”.
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In addition, Arch Re global CUO Pierre Jal moved to Zurich to take over as Europe CUO, while president Matthew Dragonetti expanded his scope to lead client-centric initiatives.
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CFO Morin said Arch was able to deploy more capacity, resulting in a significant premium growth for property lines.
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Sources suggest that, based on a multiple of 15x-17x Ebitda, the business could be valued at £300mn-£375mn.
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The expansion came in tandem with a 3.5-point improvement in the segment’s combined ratio, to 81.9%.
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The executive, based in Morristown, New Jersey, will be responsible for the company’s US reinsurance operations.
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Blois will be responsible for managing the carrier's miscellaneous PI book of business.
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Under terms of the partnership, Arch Capital has acquired a minority stake in the Bermuda-based MGA.
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The underwriter will be reunited with former colleague and current head of terrorism, political violence and war, Andy Bauckham.
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He will be responsible for supporting the Bermudian’s expansion in the Middle East and North Africa region.
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