Insurance (21 items)

Arch devours LMI fruit and Genworth entrails

Arch Capital Group is the rising titan of the Australian capital market, and jostling for claims as risk decision-maker-in-chief in a hyperventilating mortgage market. Westpac and Macquarie Bank are on board and NAB may join them, with a tender underway. A US upstart of recent vintage, Arch has, in less than two years, rounded up one quarter of an insurance niche once controlled indisputably by Genworth and QBE LMI. Genworth, troubled most by Arch, is reacting to, and coping with, the demolition of its business model by the usurper. Such is Arch's impact, global reinsurers aiming for a place on Macquarie's panel found themselves shut out. read more

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