Arch Capital
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Arch’s top line jumped by more than 36 percent, driven by rate rises, the Barbican acquisition and expansion.
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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. -
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.
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The underwriter was one of the staff to leave Barbican following the Arch acquisition.
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Chris Hovey steps up from the post of chief information officer at Arch Capital Services.
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Raoul Carlos will lead the specialty “centre of excellence”, with the MGA platform also creating two other dedicated hubs.
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Greenspan was more optimistic about Arch, switching her opinion to ‘overweight’ from ‘equal weight’.
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Before joining Arch, Ray was senior partner for affinity markets at Mercer.
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The company is among just a few carriers looking to write more business, CEO Marc Grandisson claims.
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