Hashtag: #ArchCapital

Arch Announces Catastrophe Loss Estimates

Arch Announces Catastrophe Loss Estimates

Arch Capital Group Ltd. announced it expects to report third quarter 2019 pre-tax catastrophe losses of approximately $65 million to $75 million, net of reinsurance recoveries and reinstatement premiums. “These losses are primarily from Hurricane Dorian and Typhoon Faxai. At this time, there are significant uncertainties surrounding the scope... Read more of this article

Arch Insurance & Marsh Launch Blue Vault

Arch Insurance & Marsh Launch Blue Vault

Arch Insurance [UK] Limited, in collaboration with Marsh, the world’s leading insurance broker and risk adviser, announced the launch of Blue Vault, a new solution to provide insurance protection for the secure storage of digital asset private keys held in traditional vault facilities. Private keys are the alphanumeric data that enable the transaction... Read more of this article

Arch To Acquire Ventus Risk Management

Arch To Acquire Ventus Risk Management

Arch Insurance North America [Arch] announced it has entered into a definitive agreement to acquire Ventus Risk Management [Ventus], a technology and analytics-driven managing general underwriter [MGU] that specializes in providing coastal commercial property insurance solutions to small and mid-sized enterprises. Ventus was founded in 2016, with the... Read more of this article

Arch Capital To Acquire Barbican Group Holdings

Arch Capital To Acquire Barbican Group Holdings

Arch Capital Group Ltd. has entered into an agreement to purchase Barbican Group Holdings Limited from funds managed by Carlson Capital, a U.S.-based alternative asset management firm, subject to regulatory approval. The acquisition includes Barbican Managing Agency Limited, Lloyd’s Syndicate 1955, Lloyd’s Syndicate 1856 [Arcus], Lloyd’s Special... Read more of this article

Arch Capital Reports Second Quarter Results

Arch Capital Reports Second Quarter Results

Bermuda-based Arch Capital Group Ltd. announced its 2019 second quarter results. The results included:Net income available to Arch common shareholders of $458.6 million, or $1.12 per share, a 19.0% annualized return on average common equity, compared to $233.2 million, or $0.56 per share, for the 2018 second quarter;After-tax operating income available... Read more of this article

Arch Capital Reports First Quarter Results

Arch Capital Reports First Quarter Results

Bermuda-based Arch Capital Group Ltd. announces its 2019 first quarter results. The results included:Net income available to Arch common shareholders of $438.1 million, or $1.07 per share, a 19.5% annualized return on average common equity, compared to $137.3 million, or $0.33 per share, for the 2018 first quarter;After-tax operating income available... Read more of this article

Pasquesi To Succeed Iordanou As Chairman

Pasquesi To Succeed Iordanou As Chairman

Arch Capital Group Ltd. announced that John Pasquesi will succeed Constantine “Dinos” Iordanou as Chairman of its Board of Directors in September upon the completion of Mr. Iordanou’s term. Mr. Pasquesi is currently Lead Director of the Board of Directors and has been a member of the Board and Vice Chairman since 2001. Mr. Pasquesi is the managing... Read more of this article

Arch Updates Catastrophe Loss Estimates

Arch Updates Catastrophe Loss Estimates

During the fourth quarter of 2018, there were a number of catastrophes around the globe, including Hurricane Michael, wildfires in California and a series of smaller events. Arch Capital Group Ltd. has established a range of pre-tax losses of $110 million to $130 million for these events, net of reinsurance recoveries and reinstatement premiums. “For... Read more of this article

Arch Complete Acquisition UK Commercial Lines

Arch Complete Acquisition UK Commercial Lines

Arch Insurance Europe has completed the acquisition of the UK Commercial Lines business owned by The Ardonagh Group and part of its Geo Underwriting [Geo] operating segment. The acquired business, which generated more than £150 million of Gross Written Premium in 2017, will become the newly formed Arch UK Regional Division, focused on commercial property,... Read more of this article

Arch Announces Closing Of McNeil Acquisition

Arch Announces Closing Of McNeil Acquisition

Bermuda-based Arch Capital Group Ltd. announced the completion of its previously disclosed acquisition of McNeil & Co. [McNeil], a nationwide leader in specialized risk management and insurance programs. McNeil & Co., headquartered in Cortland, New York, will operate as an independent, wholly owned subsidiary of Arch Insurance. “We are excited... Read more of this article

Arch Announces Strategic Leadership Changes

Arch Announces Strategic Leadership Changes

Arch Insurance announced Hugh Sturgess will assume the role of Chief Executive Officer, Arch Insurance International, effective Jan. 1, 2019, subject to regulatory approvals. Arch Insurance International includes Arch’s insurance operations in Europe, Bermuda and Australia. Mr. Sturgess has been with Arch Insurance since 2005 and is currently President... Read more of this article

Arch Insurance To Acquire McNeil & Co.

Arch Insurance To Acquire McNeil & Co.

Arch Capital Group Ltd. has entered into a definitive agreement to acquire McNeil & Co. [McNeil], a nationwide leader in specialized risk management and insurance programs headquartered in Cortland, New York. Terms of the transaction were not disclosed. “McNeil is a great fit for Arch and solidifies a program relationship that dates back to Arch’s... Read more of this article

Arch Insurance Promotes Mark Lange To EVP

Arch Insurance Promotes Mark Lange To EVP

Arch Insurance announced that Mark Lange has been promoted to Executive Vice President [EVP], Strategy and Distribution for Arch Insurance Group’s North American operations. Mr. Lange will report to Michael Price, EVP and Chief Underwriting Officer of Arch Insurance Group Inc. In this new role, Mr. Lange succeeds industry veteran Bill Casey, who has... Read more of this article