Arch Capital
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There was no material development on long-tail casualty lines across all years, he said. -
The Insurance Insider US news team runs you through the earnings results for the day.
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Kirsten Valder has been with Arch for 10 years and before then was a partner at Kennedys Law.
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Will Arch’s new acquisition be another success story, or more trouble than it’s worth?
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The deal includes an LPT of ~$2bn loss reserves for 2016-2023 years with Arch Re.
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Doppstadt and Paglia have served on the board for 14 and 10 years, respectively.
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Joe Morrello joined the firm in 2022 after serving as E&S property head at Beazley.
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Vanessa Hardy Pickering and Lester Pun have also been promoted.
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CEO Grandisson described Arch as "bullish" in its prospects for 2024.
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Given a number of complexities, the landing zone on a take-out price is small.
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Earlier in the process, sources linked Sentry Insurance with a bid for the E&S insurer.
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With mixed results in the reinsurance space, the specialty pivot remains a "show-me" story.
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