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Arch is assuming an industry loss related to Helene in the $12bn-$14bn range. -
Middle market premiums were lower in Q3, but the company is confident growth will resume in Q4.
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Executives noted that US casualty and professional lines development has been close to flat this year.
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The appointments will enhance Chubb’s Latin American leadership structure.
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A quick roundup of today’s need-to-know news, including James River, Ryan Specialty, WTW and Lemonade.
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The company’s reshaping of the book will be substantially completed by year end.
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Andrade flagged expected 5% to 10% increases in the US and Europe.
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Sources said the E&S insurer is seeking to draw a line and trade forward as an independent business.
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The global market is stabilising and softening, and casualty and specialty lines are generally stable, the CEO said.
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The wholesaler also paid $11.7mn in cash to Alera for the acquisition of Greenhill Underwriting.
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The insurer has been focused on growing products with lower cat exposure such as pet and renter’s insurance.
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The NFIP can take on more debt, but climate-fueled disasters aren’t going anywhere.
