Arch's Iordanou calls out reserves 'cheating'

Arch Capital chairman and CEO Dinos Iordanou has warned of
"noise" in apparently strong balance sheets among
insurers that have mispriced risk.
Speaking at The Insurance
Insider's InsiderScope conference in
London today, Iordanou said the industry traditionally "has
not done well in managing, financing and transferring risks for our
clients in a smart and consistent way".
He also criticised some players for "cheating" with
reserves.
"It's a self-grading exam - you decide what it's
going to be on