Arch Capital
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Above-average cat losses dominate discussions during the P&C earnings season. -
Carriers disclose heavy cat losses as well as mixed underlying performances, as business mix shift continues.
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While Barbican Syndicate 1955 is withdrawing its paper, the MGA will continue using other carriers’ capacity.
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The Cortland, New York-based firm has long done business with the acquiring entity
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The syndicate joins a growing list of carriers to exit the challenged line of business.
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Geo Underwriting's commercial lines businesses move over to Arch Insurance Europe.
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The insurer’s earnings were buoyed by good results within its reinsurance and mortgage segments.
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The agreement with ING marks a departure for an Arch unit mainly focused on the US mortgage insurance market.
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This is the third time Arch has sought cover for its mortgage book via an ILS deal in 2018.
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Shulman will oversee operations in the United States and Canada as part of organizational restructuring.
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The Insider 50 fell by 5.2 percent last week amid a wider sell-off prompted by US interest rate worries.
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The ratings agency also said it affirmed Arch Reinsurance’s financial strength rating (FSR) of A+, or Superior.
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