Arch Capital
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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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Arch’s insurance and reinsurance net premiums written rise on the back of new business opportunities and rising rates. -
Christopher Drake was previously at Barbican Syndicate 1955.
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The Blue Vault product covers digital “keys”, providing limits of up to $150mn.
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The MGU will enable third-party capital to provide capacity alongside Arch’s product offerings.
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The insurer says it shouldn’t have to cover the university’s settlement because the policy contained an abuse and molestation exclusion.
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Pro forma analysis shows the combined gross written premium of Syndicates 2012 and 1955 to be £666mn.
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