Bermuda
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Before joining Arch, Ray was senior partner for affinity markets at Mercer.
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Aon's Robert Johnston takes the Bermuda chairman role, with incumbent John Fletcher moving to the regional CEO post. -
John Turner joins from Aon, where he was chairman of the broker’s commercial risk solutions arm for the UK and the Americas.
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Incoming CEO Rehnberg said he is “not satisfied” with Bermudian's Q3 performance
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Scor’s John Jenkins and OdysseyRe’s Brian Young both believe “significant” change is needed in the pricing of Japanese business.
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Head of Americas Kevin Rehnberg will take over from Watson on an interim basis.
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The carrier expects a $42mn prior-year reserve charge in Q3.
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The Bermudian company wrote 70 percent more casualty and specialty premium year on year.
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Arch’s insurance and reinsurance net premiums written rise on the back of new business opportunities and rising rates.
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The company says it wants to “better align its operations, capital and resources" with its liabilities.
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The regulator has asked the carrier to disclose documents relating to staff compensation.
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The carrier said the claims stemmed largely from hurricane Dorian and typhoon Faxai.
