Arch Capital
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Bazan Group’s refinery near Haifa was badly damaged by Iranian bombardment in June. -
Arch will continue to provide long-term capacity for the MGA.
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Cat portfolios generally grew, but casualty approaches varied.
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The Bermudian said its pursuit of SMEs through M&A will provide sustainable improvements to its bottom line.
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The loss ratio rose 1.9 points to 53.1%, while the expense ratio ticked up 0.6 points to 28.1%.
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Ondine Bourrut Lacouture succeeds Simon Williams, who had been in the role since 2019.
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The unit will include both ocean and inland marine coverage.
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There has been significant talent displacement in the specialty reinsurance market.
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Ed Short was previously VP, digital partners, at Arch.
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William Soares moves from casualty and specialty CUO to president.
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Sources said MarshBerry was retained earlier this year to run the sale.
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Specialty reinsurance has experienced high competition for talent.
