Arch Capital enjoys rating boost from...
July 29, 2010
STRONG management and effective underwriting discipline have won a rating upgrade for Bermuda’s Arch Capital Group and its operating units. Standard & Poor’s upped its financial strength on the Arch Capital insurance and reinsurance companies to A+ from A in a move that credit analyst John Iten said reflected the group’s “strong management and well conceived corporate strategy”. Iten added: “The senior management team has executed a consistent strategy based on active cycle management, strong underwriting discipline, and strong enterprise risk management (ERM), which resulted in a large and well-diversified franchise by product, client, and segment.” And he noted that the upgrade was also based on the group’s consistent and strong track record of underwriting and operating results that are better and less volatile than those of some other Bermuda-based reinsurance and insurance companies. At the same time potential pricing and reserving risks...