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The combined ratio included 17 points of catastrophe losses in the third quarter. -
Losses were attributed to the Taiwan earthquake and flooding in Middle East and Europe.
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The firm is still operating within its catastrophe budget for the year, CEO Scott Egan said.
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The carrier booked $30.6mn of favourable development in the quarter.
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Arch is assuming an industry loss related to Helene in the $12bn-$14bn range.
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Andrade flagged expected 5% to 10% increases in the US and Europe.
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The company’s reshaping of the book will be substantially completed by year end.
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Roman Romeo was named CEO of Reinsurance Solutions in Bermuda in April this year.
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Neil Strong, Richard Holden and Jonathan Reiss have also joined as the leadership team is built out.
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The GWP total marked an 18% year-over-year increase from $145bn in 2022.
