Hashtag: #ArchCapital

Arch Name François Morin Executive VP & CFO

Arch Name François Morin Executive VP & CFO

Arch Capital Group Ltd. announced François Morin will assume the role of Executive Vice President and Chief Financial Officer of the Company effective May 25, 2018. He will report to Marc Grandisson, President and Chief Executive Officer of ACGL. Mr. Morin will replace outgoing Chief Financial Officer Mark Lyons, who is leaving Arch to become Senior... Read more of this article

Arch Capital Reports 2018 First Quarter Results

Arch Capital Reports 2018 First Quarter Results

Bermuda-based Arch Capital Group Ltd. reports that net income available to Arch common shareholders for the 2018 first quarter was $137.3 million, or $0.99 per share, compared to $241.9 million, or $1.74 per share, for the 2017 first quarter. The Company’s net income available to Arch common shareholders produced an annualized return on average common... Read more of this article

Arch Enters Transaction With Catalina General

Arch Enters Transaction With Catalina General

Arch Reinsurance has entered into a reinsurance transaction with Catalina General Insurance Ltd. [Catalina] to reinsure run-off liabilities associated with certain discontinued US Specialty Casualty exposures and various discontinued US Standard Programs businesses. Arch Re assumed the liabilities from its affiliate, Arch Insurance Company, over time... Read more of this article

Arch Announces Secondary Public Offering

Arch Announces Secondary Public Offering

Arch Capital Group Ltd. announced an underwritten public secondary offering of 5,674,200 common shares by certain selling shareholders affiliated with American International Group, Inc. has priced. The public offering price is $88.55 per common share for an aggregate public offering price of $502,450,410. Proceeds from the sale of common shares pursuant... Read more of this article

Arch Capital Report Q4 Net Income Of $203.5M

Arch Capital Report Q4 Net Income Of $203.5M

Bermuda-based Arch Capital Group reports that net income available to Arch common shareholders for the 2017 fourth quarter was $203.5 million, or $1.46 per share, compared to $62.4 million, or $0.50 per share, for the 2016 fourth quarter. For the year ended December 31, 2017, the Company reported net income available to Arch common shareholders of... Read more of this article

Arch Capital Update Catastrophe Loss

Arch Capital Update Catastrophe Loss

During the fourth quarter of 2017, a series of wildfires burned across many areas of California and a series of smaller catastrophe events occurred around the globe, and Arch Capital Group Ltd. has established a range of pre-tax losses of $60 million to $75 million, net of reinsurance recoveries and reinstatement premiums, for these 2017 fourth quarter... Read more of this article

Kewsong Lee Resigns From Arch Capital Board

Kewsong Lee Resigns From Arch Capital Board

Bermuda-based Arch Capital Group Ltd. announced that Kewsong Lee has resigned from its Board of Directors because of the expansion of his duties at Carlyle Group LP following his recent promotion to co-CEO effective January 1, 2018. Constantine [Dinos] Iordanou, Chairman and CEO of ACGL, commented, “We thank Kewsong for his outstanding service to... Read more of this article

Arch Capital Reports Q3 Net Loss Of $52.8M

Arch Capital Reports Q3 Net Loss Of $52.8M

Bermuda-based Arch Capital Group Ltd. reports that, as a result of the significant level of catastrophic event activity in the 2017 third quarter, the Company incurred a net loss to Arch common shareholders of $52.8 million, or $0.39 per share, compared to net income available to Arch common shareholders of $247.4 million, or $1.98 per share, for the... Read more of this article

Everest Re, AXIS & Arch Q3 Loss Estimates

Everest Re, AXIS & Arch Q3 Loss Estimates

More Bermuda-based re/insurers – Everest Re Group, AXIS Capital Holdings and Arch Capital Group – have announced their preliminary estimates of third quarter 2017 catastrophe losses. Everest Re Group: $900 Million Everest Re Group, Ltd. announced that it expects to incur pretax catastrophe losses, net of reinsurance and reinstatement... Read more of this article

Arch Capital Make Senior Management Changes

Arch Capital Make Senior Management Changes

Bermuda-based Arch Capital Group Ltd. announced a number of senior management changes in its Worldwide Reinsurance Group and Bermuda office. Jerome Halgan, currently the President and Chief Executive Officer of Arch Reinsurance Company in the U.S., has been promoted to the role of Chief Executive Officer of Arch Reinsurance Ltd. in Bermuda. Matt Dragonetti,... Read more of this article

AM Best Affirms Credit Ratings Of Arch Capital

AM Best Affirms Credit Ratings Of Arch Capital

A.M. Best has removed from under review with developing implications and affirmed the Financial Strength Rating [FSR] of A+ [Superior] and the Long-Term Issuer Credit Ratings [Long-Term ICRs] of “aa-” of Arch Reinsurance Ltd. [Arch] [Bermuda] and its strategic affiliates. A.M. Best also has removed from under review with developing implications... Read more of this article

Arch Announces $200 Million Public Offering

Arch Announces $200 Million Public Offering

Bermuda-based Arch Capital Group Ltd. [ACGL] has priced an underwritten public offering of 8,000,000 Depositary Shares, each of which represents a 1/1,000th interest in a 5.45% Non-Cumulative Preferred Share, Series F, of ACGL. The public offering price is $25 per Depositary Share for an aggregate public offering price of $200 million. The underwriters... Read more of this article

Arch Announces Closing Of Acquisition

Arch Announces Closing Of Acquisition

Bermuda-based Arch Capital Group Ltd. [ACGL] announced that on July 1, 2017, it completed its previously announced acquisition of AIG United Guaranty Insurance [Asia] Limited from American International Group, Inc. [AIG]. Arch plans to immediately change the name of the company to operate as Arch MI Asia Limited [Arch MI Asia]. This acquisition adds... Read more of this article