Arch News
Chubb, Arch, MassMutual Partner With Newly-Launched Digital Agency Waffle
The InsurTech Waffle has raised $5 million in seed funding, with plans to offer cyber, renters, pet, travel and life insurance in the initial launch of its new virtual agency platform. Auto and home ...
Allstate, Arch, AXIS and The Hanover Report Q1 Pretax Catastrophe Loss Estimates
Carriers are starting to report their pretax catastrophe loss estimates for the 2021 first quarter, and the numbers are significant. Below are preliminary numbers from Allstate, Arch, AXIS, and The ...
Chubb, AXA Among 15 Insurers Ceasing Business With Nord Stream 2 Pipeline to Avoid Sanctions
Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia's Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration ...
Insurers Make UK Case for Limiting Pandemic Business Interruption Cover
Major insurance companies told the UK Supreme Court on Monday it was wrong to assume there could be unlimited cover during a pandemic in an appeal closely watched by thousands of British businesses ...
Arch Capital to Deepen Investment in Watford With $622M Acquisition
Arch Capital Group Ltd. said it would pay $622 million in cash for Watford Holdings, a Bermuda-based property/casualty insurer and reinsurer it already has a stake in and helped launch in 2014. ...
Pasquesi to Become Arch’s Next Chairman as Succession Process Culminates
John Pasquesi will replace Constantine "Dinos" Iordanou as Arch Capital Group Ltd.'s chairman of its board of directors in September, once Iordanou completes his term. Iordanou joined Arch in 2002 to ...