Arch Capital
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Arch’s management team described the market as transitioning, and was reluctant to characterize current conditions as a “hard market”.
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Before joining Arch, Ray was senior partner for affinity markets at Mercer.
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The company is among just a few carriers looking to write more business, CEO Marc Grandisson claims.
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The Blue Vault product covers digital “keys”, providing limits of up to $150mn.
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The MGU will enable third-party capital to provide capacity alongside Arch’s product offerings.
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The insurer says it shouldn’t have to cover the university’s settlement because the policy contained an abuse and molestation exclusion.
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The Bermudian (re)insurer’s earnings of $0.77 per share beat consensus a consensus estimate of $0.67.
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Lloyd’s underwriters, Arch and Lexington will need to reach a new accord with victims of Allen Stanford’s $5bn investment fraud.
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Arch Capital backed hedge fund carrier’s outlook graded “stable”.
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First-quarter combined ratios deteriorated at most Bermuda-based (re)insurers.
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The total return reinsurer reported a strong return in its first set of results as a public company.
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Arch’s chief executive said that Jebi business interruption exposures fuelled loss creep in the market.
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