Arch Capital
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Arch Insurance has named Jim Villa as a senior vice president of strategy and distribution at the carrier’s accident and health (A&H) business unit. -
The acquisition adds to Arch’s mortgage insurance operations in Bermuda, Europe and the US.
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Arch anticipates mortgage insurance returns to be in the mid-teens, with P&C insurance and reinsurance in double digits.
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The CEO said his company would be going on offense to accelerate book value growth while strong market conditions lasted.
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The reinsurer completes its EUR453mn deal for 29.5% stake in French trade credit carrier.
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Inside P&C’s research team examines some of the areas that will be closely watched during the results season.
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The Bermuda (re)insurance trade body elects officers for 2021-2022.
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The Arch Worldwide Insurance chief will take up the new position on 1 January.
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Ruschak was the CEO of The Guarantee, which was acquired by Intact last year.
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Arch’s reinsurance gross written premium rocketed 51.6% in Q3 to just over $1bn.
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Excluding Covid-19 claims, it was the company’s highest cat quarter since 3Q17.
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On Monday, Watford’s directors said they had little choice but to consider the merits of the offer.
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