Arch Capital
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Tim Watson most recently served as a senior credit and political risk underwriter. -
The underwriter worked for Markel for a decade.
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Jelle Ouwehand joined Arch from Marsh, where he was a senior terrorism, PV and war broker.
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Both appointments are effective immediately.
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Arch is assuming an industry loss related to Helene in the $12bn-$14bn range.
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The reinsurance CoR rose 12.3 pts to 92.3% following $364mn of cat losses in the quarter.
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Breese joined Arch in 2019, having previously served at cyber security firm Corax.
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Arch announced the retirement of CEO Marc Grandisson on Monday, with immediate effect.
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The executive has been group CUO since 2021.
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Munns succeeds Michael Chu who rejoins Arch Insurance North America as SVP, P&C programs.
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The business is aiming to launch at 1 January, focusing on non-cat delegated authority business.
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Everest Re bucked a more general trend to keep cat exposure stable.
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