Arch Capital
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Jelle Ouwehand joined Arch from Marsh, where he was a senior terrorism, PV and war broker. -
A signal around Q4 adverse development has brought the carrier into the spotlight.
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Both appointments are effective immediately.
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Arch stands out among hybrids, but Axis and Everest grind it out.
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Arch is assuming an industry loss related to Helene in the $12bn-$14bn range.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Grandisson's sudden retirement could mean a complicated future for Arch.
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The chief executive will also receive a yearly bonus of 200% of base salary.
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Arch announced the retirement of CEO Marc Grandisson on Monday, with immediate effect.
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The executive has been group CUO since 2021.
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He replaces Richard Goldfarb, who will remain as head of strategy.
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The carrier writes all of its E&S business in the state through Arch Specialty Insurance Company.
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