Arch Capital
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The insurer has filed a complaint in a New York court in a bid to recover costs from the former employee.
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Street-beating earnings of $1.69 a share driven by mortgage segment gains.
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Catalina today announced it had assumed a portfolio of run-off US P&C liabilities from Arch Re, with net outstanding reserves of about $410mn.
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Arch Credit Services will help the carrier evaluate mortgage credit and underwriting advisory services related to its involvement in programs run by Fannie Mae and Freddie Mac.
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Barbican is exploring the possibility of a reinsurance-to-close transaction for the 2016 and prior years of account, The Insurance Insider understands.
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Investment returns remained subdued year-on-year for the vast majority of the companies in our analysis, ranging from 1.7 percent to 6.5 percent for the third quarter.
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