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The (re)insurer recorded a reserve charge of nearly $1.3bn within its casualty insurance book. -
Compared with its initial figure, CatIQ’s latest estimate has increased by 40%.
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New entrants in the cargo space have caused another round of talent displacement.
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The executive will retain an advisory role with the wholesale broker.
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The unit will write business from Australia, Canada, the UK and Europe.
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Bradley was construction team leader for US casualty at WTW.
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Arta Nasradini joins from AIG, where she led the DACH aerospace team.
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Graeme Bell (pictured) will continue in his role as group legal officer.
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The California fires will test post-2018 treaty revisions – and reinsurers’ nerves.
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Somers Re is valued at ~$1.3bn, according to disclosures made in Arch’s Q3 2024 SEC filings.
