Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has completed the acquisition of Castel Underwriting Agencies from Arch Financial Holdings (UK) Ltd. and minority shareholders. Headquartered in London, Castel is a managing general underwriting (MGU) platform with additional …
Arch Insurance North America, part of Bermuda’s Arch Capital Group Ltd., announced it has entered into an agreement to acquire Allianz Global Corporate & Specialty’s US MidCorp and Entertainment businesses for a cash consideration of $450 million. The transaction includes …
Ryan Specialty, the Chicago-based specialty insurance firm, announced it has signed a definitive agreement to acquire Castel Underwriting Agencies Ltd. from Arch Financial Holdings (UK) Ltd. and minority shareholders. Terms of the transaction were not disclosed. Founded in 2014, Castel …
This edition of International People Moves details appointments at Aon plc, Markel and Arch Capital’s Global Mortgage Group. A summary of these new hires follows here. Aon Promotes Solano, Diaz as Brazil and Peru Reinsurance Leaders Insurance broker Aon plc …
Arch Capital Group Ltd., the Bermuda-based re/insurer, reports that its 2022 third quarter results will be negatively affected by claims from global catastrophe events such as Hurricane Ian, U.S. convective storms, Typhoon Nanmadol (which hit Japan in September), and French …
Arch Capital Group Ltd., alongside private equity partners Warburg Pincus and Kelso & Co., announced that Watford Holdings Ltd. and Watford Re Ltd. have been renamed Somers Group Holdings Ltd. and Somers Re Ltd., respectively. Headquartered in Bermuda, the name …
RenaissanceRe Holdings Ltd. estimated losses from certain catastrophe events will have a net negative impact of approximately $725 million on the company’s third quarter 2021 results. This estimate is primarily composed of net negative impacts of approximately $440 million from …
Bermuda-based Arch Capital Group Ltd. has completed its acquisition of Australia’s Westpac Lenders Mortgage Insurance Limited (WLMI), With the transaction complete, Arch said it will combine the operations of WLMI with its existing Australian LMI company, Arch LMI Pty Ltd. …
Bermuda-based Arch Capital Group Ltd., along with investment partners Kelso & Company and Warburg Pincus, announced the completion of the previously disclosed acquisition of Watford Holdings Ltd. Watford and Arch originally announced the signing of a definitive merger agreement on …
Arch Capital Group Ltd. estimated a range of pretax catastrophe losses of $180 million to $190 million for the first quarter across its property casualty insurance and reinsurance segments. A major reason for the claims during Q1 will be January’s …
