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The carrier estimated its net Helene and Milton losses at under EUR200mn.
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The CEO noted, however, that the UK retail market remains a big business growing well.
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Wayne Manning will assume responsibility for the Lloyd’s and London market team.
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A significant amount of new capacity has flowed into the political violence and terror market in recent months.
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He will work for the Spectrum Risk Management business, which was acquired by Nexus.
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The investor has paid in an extra £12.5mn for an additional 5% holding.
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Breese joined Arch in 2019, having previously served at cyber security firm Corax.
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Over the period, the Spanish carrier’s reinsurance segment expanded profit by almost 10% year on year.
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Achieving profitability is increasingly challenging in the volatile but historically lucrative market.
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The loss tally is considerably lower than estimates issued by model vendors.
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The global broker has beaten off competition from AJ Gallagher, and a number of other strategics.