Arch Capital

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Arch plans to “take advantage” of these favorable market conditions, and may expand PML to 10%-12% of shareholders’ equity by July 1, from the current 8.1%.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The company also reported top-line growth of 25.8%, with gross premiums written during the quarter totaling $4.8bn.

The Bermudian increased its cat load to $100mn-$120mn in Q1 2023, compared to around $80mn a quarter for 2022.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Pre-tax current accident year net cat losses for the insurance and reinsurance segments totaled $34.6mn for the quarter, nearly half of the $72.3mn figure posted in Q4 2021.

The executive will report to Brian First, president of Arch Insurance North America, as a member of the executive leadership team in the region.

Enstar is conducting due diligence around taking on the rest of the Argo back book.

Brian First was previously CUO of programs, property and specialty at Arch.

Across the P&C industry, sentiment expressed on Q3 conference calls has improved since pandemic lows.

In his new position, the executive will report to Arch’s head of cyber and technology E&O, Marcus Breese.