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The CEO said the company was only prepared to deploy capital if increases were sufficient. -
The move comes amid a global portfolio review at Allianz’s flagship commercial insurance unit.
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The move follows the exit of Munich Re as the homeowners’ managing general agency’s treaty reinsurer last year.
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The Australian carrier reports 9.8 percent renewal rate growth in the London market.
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The Canadian carrier's insurance units are looking to take advantage of a favourable rate environment.
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Multiple P&C companies presented at the Bank of America conference. We present quick hits of the highlights.
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The chairman and CEO said his firm has seen opportunities to deploy capital in multiple lines.
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Pre-adverse development cover, the carrier saw impact from directors’ and officers’ and mergers and acquisitions-related business.
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The carrier cut gross limits for the class of business by $40bn during the quarter.
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Arch’s management team described the market as transitioning, and was reluctant to characterize current conditions as a “hard market”.
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The carrier is seeing increasing submission levels and “much improved pricing” in facultative reinsurance.
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The executive told analysts that reinsurance rates are starting to climb in certain areas, offering opportunities.
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