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The activist investor’s position at the end of Q3 was valued around $116.3mn, SEC filings show. -
The firm had owned 3.45 million shares in Q2, then valued at over $256mn.
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Multiple reinsurance brokers have pitched the firm for sidecars.
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Republican tariffs and higher Democratic corporate taxes would hurt the sector.
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The stock was hovering around $40 per share just before closing.
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The loss tally is considerably lower than estimates issued by model vendors.
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The Floridian insurer anticipates that it will remain profitable in Q3 and Q4 despite hurricane activity.
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Grandisson's sudden retirement could mean a complicated future for Arch.
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Milton’s significant but less-than-expected hit shifts our expectations for industry recovery.
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Shares gained after Hurricane Milton did less damage than anticipated.
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Milton threatens to make landfall in Florida shortly after Helene.
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The raise includes minority investments from Nationwide, Enstar and others.
