Arch Capital
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The firm pegged industry losses at $35bn-$45bn. -
Michael O’Neill has been promoted to onshore power and renewables underwriting manager.
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Former Chaucer natural resources head James Brown joins as an advisor.
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UK regional division CEO Steve Bashford has retired.
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Robin Hamilton has been appointed head of energy and marine liability.
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Outgoing chief Søren Scheuer will become a non-executive director.
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Tim Watson most recently served as a senior credit and political risk underwriter.
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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.
