Arch Capital
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Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends. -
CEO Marc Grandisson said most of Arch’s exposure to the war comes via Lloyd's aviation, marine war businesses.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The firm recorded a third consecutive margin improvement in the first quarter of 2022 as its core loss ratio narrowed by 2.7 points to 49.3%.
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A New Jersey judge writes a scathing decision criticizing hospitality firms for attempting to claim physical damage from virus and misinterpreting policy language.
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The CEO also said that price increases in property cat were insufficient for the company to allocate more capital to the line.
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The (re)insurer’s GWP surged 32%, helped by strong gains in both its insurance and reinsurance divisions.
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Chicago-based Evertas will write crypto-asset policies on behalf of Arch and aims to expand relationships with other carriers.
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The company also named Scott Montgomery as the division’s president and Lisa Pickard as chief strategy officer, among other moves.
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Inside P&C’s news team runs you through the key developments from the last week.
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CUO Peder Moeller has been promoted to CEO for the firm’s US reinsurance division, taking over from Ken Vivian after his retirement.
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Lisa Packard, a long-time Arch facultative executive, has also been named chief strategy officer for the US reinsurance division.
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