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The Canadian holding company increased its ownership in the Bermudian carrier to 82.9% from 70.9%.
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In a Q3 earnings call today, Arch CEO Marc Grandisson also told investors that events like Hurricane Ian “almost always result in opportunities”.
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Arch Capital has pegged its estimated Q3 pre-tax net catastrophe losses at $530mn-$560mn, impacted by Hurricane Ian, as well as other events like US convective storms, Typhoon Nanmadol and hailstorms in France.
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The executive will report directly to SiriusPoint CEO Scott Egan, who joined SiriusPoint from RSA in early September.
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The full-year results for 2021 also show the Bermudian start-up held $333mn of net premiums written, as at December last year.
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The incoming CUO joins from InsurTech MGA Kettle, where he was also CUO.
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The shares expected to be bought back in the tender offer represent around 11.5% of White Mountains' shares outstanding as of 19 August.
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The Bermudian will also collaborate with Insurate in developing and underwriting products in the medium- to high-hazard workers’ compensation segment.
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Inver Re said the launch was part of its growing inter-disciplinary approach to reinsurance broking.
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Plus the full Insider Honours winners list, people moves and all the top news from the week.
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The firm’s leadership said a pattern of strong results is needed before triggering an IPO process.
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Hurricane Earl is forecast to pass southeast of Bermuda, but tropical-storm-strength winds are predicted to hit the Island on Thursday.