Arch CEO Grandisson expects ‘quite a bit more runway’ on rate improvement
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Arch CEO Grandisson expects ‘quite a bit more runway’ on rate improvement

Arch logo with Grandisson bermuda blur.jpg

Even after reporting a sixth straight quarter of double-digit insurance rate gains, and some signs that the pace of price increases is beginning to taper, Arch Capital CEO Marc Grandisson said on Thursday that the loss and inflationary environment suggests the upturn in the cycle still has a ways to go.

The executive was speaking to Wall Street analysts after Arch generated 41% net written premium growth in the second quarter, among the best growth figures in the company’s history.

“I

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