Commercial E&S
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The acquisitive wholesale brokerage will come to market with adjusted Ebitda of $50mn.
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Carrier continues to overhaul various business lines as it aims for underwriting profit, said CFO Lyons. -
Arch Capital backed hedge fund carrier’s outlook graded “stable”.
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The insurer’s CEO said the retreat of large carriers from the E&S space has been a “big positive”.
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The specialty carrier’s combined ratio improved by 5.6 points to 80.3%.
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Arch CEO Marc Grandisson said the company shows “prudence and patience” in the P&C marketplace.
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The reduced appetite in standard lines has led to a market firming in E&S lines, the executive said.
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The E&S market is typically seen as the leading indicator of hardening in the broader market.
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