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Reinsurance chairman will take on the CEO role until a successor is announced
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The move comes amid a planned wind-down that began last August.
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Arch was anticipating delinquencies to reach 10% by the end of 2020, a figure it has now revised down by a fifth.
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The new guidance is the first update to Bermuda's SPI framework.
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The carrier said $130mn of pre-tax Covid-19 losses came from its reinsurance segment.
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This week the team looks at the underperformance of Bermudian syndicates at Lloyd’s.
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The $50.25mn Randolph Re Series 2020-1 private cat bond will mature after one year.
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The (re)insurer said Covid-19 losses would account for about $170mn-$180mn of the claims tally.
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The island's ILS capacity grew by $19bn, or 37 percent, the year after Irma.
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Syndicate 2358 may target lines such as cyber or terrorism.
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Proceeds of the 30-year bond sale are earmarked for “general corporate purposes”.
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The deal took cat bond lite volumes to $139mn in 2020.