Arch Capital
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The reinsurance segment's loss ratio reflected 3 points for the event. -
Kirsten Valder has been with Arch for 10 years and before then was a partner at Kennedys Law.
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The deal includes an LPT of ~$2bn loss reserves for 2016-2023 years with Arch Re.
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Doppstadt and Paglia have served on the board for 14 and 10 years, respectively.
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Joe Morrello joined the firm in 2022 after serving as E&S property head at Beazley.
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Vanessa Hardy Pickering and Lester Pun have also been promoted.
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Tysers has been regulatory principal for the MGA since its 2018 launch.
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Slipstream will be available to marine, cargo and logistics UK clients.
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CEO Grandisson described Arch as "bullish" in its prospects for 2024.
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During the quarter, it booked $137mn in cat losses versus $34mn a year ago.
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Earlier in the process, sources linked Sentry Insurance with a bid for the E&S insurer.
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The segment has bounced back from its mid-2022 nadir, but its current zenith is not that much to shout home about.
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