Daily Digest: Arch CEO bullish on growth, Cyber reinsurance market needs diversity, PRA tweaks climate risk guidance

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Arch positive on growth despite headwinds: Papadopoulo Arch Capital Group chief executive Nicolas Papadopoulo expressed confidence that the Bermuda firm would overcome “emerging macroeconomic concerns” and maintain profits despite intensifying competition. Speaking to analysts, Papadopoulo admitted that the trade war initiated in recent months by US president Donald Trump had destabilised markets and raised concerns about inflation. He also acknowledged that “a growing number of our previously attractive accounts no longer meet our return criteria”, and that it could be harder to expand premium volumes.