Insurers Face Disputes with Their Reinsurers over UK COVID-19 Business Income Claims March 11, 2021 By Carolyn Cohn and Kirstin Ridley Top insurance companies, ordered by Britain’s highest court to pay thousands of small businesses millions of pounds in claims for...
Papadopoulo Promoted to President, Chief Underwriting Officer of Arch Capital Group December 29, 2020 Arch Capital Group Ltd. (ACGL) announced that Nicolas Papadopoulo will be promoted to the position of president and chief underwriting...
Arch Capital Bests Enstar with Offer to Acquire Watford for $622 Million October 9, 2020 By Andrew G. Simpson Arch Capital Group Ltd., which had been reported to be pursuing a deal, has agreed acquire all the common shares...
California Wildfires Top Arch Capital’s Q4 Catastrophe Losses of $60M-$75M January 10, 2018 Arch Capital Group reports estimated pre-tax losses of $60 million to $75 million from fourth quarter catastrophic events, primarily the...
More Re/Insurers Issue Their Q3 Natural Catastrophe Loss Estimates October 13, 2017 The third quarter natural catastrophe loss estimates continue to rise, as more insurers and reinsurers weigh in with their loss...
AXIS Capital’s New Bermuda Operation, Harrington Re, Raises $600M July 6, 2016 Harrington Re, a fledgling Bermuda operation sponsored by AXIS Capital Holdings Ltd., has raised $600 million in capital designed to...
Brexit Would Create Extra Burden for Reinsurers, Caution CEOs June 22, 2016 By Susanne Sclafane While insurers and reinsurers will be able to deal with the aftermath of an exit of the U.K. from the...
Watford Re Forms E&S Insurer Watford Specialty, Partnering with Arch April 4, 2016 By L.S. Howard Watford Re Ltd. has formed a new excess and surplus lines insurer called Watford Specialty Insurance Co. (WSIC), based in...
Zika Virus Concern Boosts Travel Insurance Sales: Reuters February 2, 2016 By Jeffrey Dastin Travel insurance sales for trips to Latin America have surged as vacationers consider scrapping their plans to avoid the rapidly...
Arch Capital Group Ltd. Names Grandisson President & Chief Operating Officer November 12, 2015 Bermuda-based Arch Capital Group Ltd. (ACGL) announced that Marc Grandisson will be promoted to the position of president and chief...