Hashtag: #ArchCapital

Arch Re Announces Executive Promotions

Arch Re Announces Executive Promotions

Arch Reinsurance Company announced several promotions in its leadership team that were effective January 1, 2022. A spokesperson said, “Peder Moeller became CEO, while Jessica Bongiorno was promoted to Chief Underwriting Officer [CUO], Property and Specialty, and Joshua Hackett assumed the role of CUO, Casualty and Specialty. “The promotions coincide... Read more of this article

AM Best Affirms Credit Ratings Of Arch Capital

AM Best Affirms Credit Ratings Of Arch Capital

AM Best has affirmed the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Ratings of “aa-” [Superior] of Bermuda based  Arch Reinsurance Ltd. [Arch] [Bermuda] and its strategic affiliates. Concurrently, AM Best has affirmed the Long-Term ICRs of “a-” [Excellent] and the Long-Term Issue Credit Ratings [Long-Term IRs]... Read more of this article

Arch Relaunches Watford Re As Somers Re

Arch Relaunches Watford Re As Somers Re

Arch Capital Group Ltd., alongside investment partners Warburg Pincus and Kelso & Company announced that Watford Holdings Ltd. and Watford Re Ltd. have been renamed Somers Group Holdings Ltd. and Somers Re Ltd, respectively. A spokesperson said, “Headquartered in Bermuda, the name Somers Re is a nod to Sir George Somers, who founded Bermuda in... Read more of this article

Arch Capital Reports 2021 Third Quarter Results

Arch Capital Reports 2021 Third Quarter Results

Arch Capital Group Ltd. announces its 2021 third quarter results. The results included:Net income available to Arch common shareholders of $388.8 million, or $0.98 per share, a 12.3% annualized net income return on average common equity, compared to $408.6 million, or $1.00 per share, for the 2020 third quarter;After-tax operating income available... Read more of this article

Arch Insurance Appoints Tom Rivers As CRO

Arch Insurance Appoints Tom Rivers As CRO

“Arch Insurance International announced the appointment of Tom Rivers as Chief Risk Officer, with immediate effect. A spokesperson said, “Rivers has extensive enterprise risk management and regulatory experience in corporate actuarial and risk management roles, gained over a 20-year career working in the insurance sector. “He joins... Read more of this article

Arch Completes Redemption Of Preferred Shares

Arch Completes Redemption Of Preferred Shares

Arch Capital Group has completed the redemption on Sept 30th of all 18,000 of its outstanding 5.25% Series E Non-Cumulative Preferred Shares. A spokesperson said, “Arch Capital Group Ltd. announced that it completed the redemption on Sept. 30, 2021 of all 18,000 of its outstanding 5.25% Series E Non-Cumulative Preferred Shares represented by... Read more of this article

Arch Capital Closes Acquisition Of Westpac

Arch Capital Closes Acquisition Of Westpac

Arch Capital Group Ltd. announced the completion of the previously disclosed acquisition of Westpac Lenders Mortgage Insurance Limited [WLMI]. A spokesperson said, “Arch Capital Group Ltd. announced the completion of the previously disclosed acquisition of Westpac Lenders Mortgage Insurance Limited [WLMI], an Australian Prudential Regulation Authority... Read more of this article

Arch Appoints Ebong & Mallesch To Board

Arch Appoints Ebong & Mallesch To Board

Arch Capital Group Ltd. announced that Francis Ebong and Eileen Mallesch has been appointed to the Company’s Board of Directors, effective immediately. A spokesperson said, “Mr. Ebong has an extensive background in technology and innovation and is currently Managing Director of Program Management at X, Alphabet’s in-house research and development... Read more of this article

Arch Closes Acquisition Of Somerset Bridge

Arch Closes Acquisition Of Somerset Bridge

Arch Reinsurance Ltd., a subsidiary of Arch Capital Group Ltd., announced the completion of the previously disclosed acquisition of Somerset Bridge Group Limited, Southern Rock Holdings Limited and affiliates. Arch Re originally announced its plan to acquire Somerset on June 23, 2021. “We are pleased to complete this transaction,” said William Soares,... Read more of this article

Hardy Pickering To Join Arch Re As CFO

Hardy Pickering To Join Arch Re As CFO

Arch Reinsurance Ltd. announced the appointment of Vanessa Hardy Pickering as Chief Financial Officer, effective September 1, 2021, noting that she will report to Jerome Halgan, Chief Executive Officer of ARL. “Hardy Pickering is an established [re]insurance executive with a track record of supporting strategic growth plans, assembling and leading... Read more of this article

Arch Capital Closes Acquisition Of Watford

Arch Capital Closes Acquisition Of Watford

Arch Capital Group Ltd. along with investment partners Kelso & Company and Warburg Pincus, announced the completion of the previously disclosed acquisition of Watford Holdings Ltd. The company said, “Watford and Arch originally announced the signing of a definitive merger agreement on Nov. 2, 2020, through an affiliated entity of which Arch... Read more of this article

Arch Reinsurance To Acquire Somerset Bridge

Arch Reinsurance To Acquire Somerset Bridge

Arch Reinsurance Ltd., a subsidiary of Arch Capital Group Ltd., announced its plan to acquire Somerset Bridge Group Limited, Southern Rock Holdings Limited and affiliates, subject to regulatory approval. The company said. “The proposed acquisition will include Somerset’s motor managing general agent, distribution capabilities through direct... Read more of this article

Christine Todd To Join Arch Capital Group

Christine Todd To Join Arch Capital Group

Arch Capital Group Ltd. announced that Christine Todd will join the company as Chief Investment Officer [CIO], effective June 7, 2021, subject to regulatory approval. A spokesperson said, “In this role, Todd will report to Marc Grandisson, CEO of ACGL, and will have responsibility for setting the firm’s investment strategy and managing the day-to-day... Read more of this article