Arch Capital

In addition, Arch Re global CUO Pierre Jal moved to Zurich to take over as Europe CUO, while president Matthew Dragonetti expanded his scope to lead client-centric initiatives.

CFO Morin said Arch was able to deploy more capacity, resulting in a significant premium growth for property lines.

Sources suggest that, based on a multiple of 15x-17x Ebitda, the business could be valued at £300mn-£375mn.

The expansion came in tandem with a 3.5-point improvement in the segment’s combined ratio, to 81.9%.

The executive, based in Morristown, New Jersey, will be responsible for the company’s US reinsurance operations.

Blois will be responsible for managing the carrier's miscellaneous PI book of business.

Under terms of the partnership, Arch Capital has acquired a minority stake in the Bermuda-based MGA.

The underwriter will be reunited with former colleague and current head of terrorism, political violence and war, Andy Bauckham.

He will be responsible for supporting the Bermudian’s expansion in the Middle East and North Africa region.

Most forecasters predict below-average activity in the region – but opposing weather phenomena mean uncertainty is higher than usual.

Early private deals have provided far more stability in this year’s renewal than last.

The pair will be responsible for managing underwriting activity across their respective lines.