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The group posted a 15.1% gain for October and 27.4% for September. -
Major reserve releases help drive strong Q3 and year-to-date results, but the industry looks over-optimistic.
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Guy Pierpoint will report to head of marine Phil Wheeler.
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The executive will oversee all financial operations for the Howden-owned MGA.
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The firm laid off senior leaders this month, weeks after it began pursuing a sale, this publication can reveal.
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The P&C industry had its best Q3 combined ratio since 2015, driven by personal lines.
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Jelle Ouwehand joined Arch from Marsh, where he was a senior terrorism, PV and war broker.
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Cybersecurity basics could reduce cyberattack costs by up to ~75%.
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Businesses exceeding $50mn in revenue are 2.5 times more likely to face cyber incidents, the report found.
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The industry posted a good quarter, but reserving and loss cost concerns hardly abated.
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The construction industry remains a top target for attackers and was the most impacted sector in Q3.
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The executive will focus on securing reinsurance capacity for new programs.
