Arch Capital
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The move by the founding shareholder follows activist investor pressure on the reinsurer.
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The regulator has argued that businesses that were never required to close during the pandemic still had their access restricted.
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Insider promoted after 10 years’ service.
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Carriers must “stop the clock” on claim time limits from today until the court outcome.
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The late July High Court hearing will also involve Arch, Argenta and QBE.
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The executive is charged with new strategies for growth.
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Arch’s top line jumped by more than 36 percent, driven by rate rises, the Barbican acquisition and expansion. -
Predecessor Lino Leoni retains the Arch Insurance International specialty CUO role, while Marie Biggas becomes 2012 deputy active underwriter.
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Chaos in financial markets is also expected to have a substantial effect on Arch’s investment income in Q1.
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The UK-focused property and casualty MGA will become part of HW Kaufman's Burns & Wilcox platform.
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The executive said syndicates would struggle to grow market share as casualty rates rise.
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The Bermudian reported operating earnings of $0.74 per share for Q4, up 61 percent from the same period a year earlier.
