Arch Capital
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Former Vibe casualty treaty underwriter Archer to step into Barbican role.
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Arch Capital backed hedge fund carrier’s outlook graded “stable”.
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First-quarter combined ratios deteriorated at most Bermuda-based (re)insurers.
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The total return reinsurer reported a strong return in its first set of results as a public company.
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Arch’s chief executive said that Jebi business interruption exposures fuelled loss creep in the market.
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The Bermudian (re)insurer surpassed consensus expectations in the first quarter with operating earnings of $0.67.
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The insurer had purchased 60 percent share of the business in 2015.
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Tech underwriting expert is latest to join Bains’ super-MGA.
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The carrier will now be able underwrite P&C, motor and other business line across Europe.
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The insurance holding company’s shares are cleared to make their debut on the exchange on Wednesday. -
Arch Capital Group’ chairman Dinos Iordanou will leave the firm in September.
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