Arch Capital
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Around 80% of the losses are expected from the reinsurance business. -
The acquisition adds to Arch’s mortgage insurance operations in Bermuda, Europe and the US.
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IGI is set to launch into the contingency market and has appointed underwriter Emily Clapham to lead the entry into the class, Insurance Insider can reveal.
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The newcomer most recently led Marsh’s property team in Asia, and has also worked at Newline and Cooper Gay.
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The CEO said his company would be going on offense to accelerate book value growth while strong market conditions lasted.
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The reinsurer completes its EUR453mn deal for 29.5% stake in French trade credit carrier.
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The mixed ruling delivered by the High Court meant insurers escaped from worst-case loss scenarios.
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The Bermuda (re)insurance trade body elects officers for 2021-2022.
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The recruit will work as a senior underwriter and look to drive growth in the line of business.
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The Arch Worldwide Insurance chief will take up the new position on 1 January.
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The parent will introduce a split stamp for the syndicate and 2012, whose capacity increases about 16%.
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The move comes as conditions continue to improve for hull underwriters following years of losses.
