Hashtag: #ArchCapital

Arch Re Acquire Majority Stake In PMAP

Arch Re Acquire Majority Stake In PMAP

Arch Reinsurance announced that it has completed its previously announced acquisition of a majority stake in Precision Marketing Asia Pacific [PMAP], with the acquisition increasing distribution in the Asia-Pacific market. A spokesperson said, “The Arch Worldwide Reinsurance Group [Arch Re], part of Arch Capital Group Ltd., today announced that... Read more of this article

Arch Capital $1B Public Offering Senior Notes

Arch Capital $1B Public Offering Senior Notes

Arch Capital Group Ltd. announced the pricing of an offering of $1 billion senior notes. The company said, “Arch Capital Group Ltd. announced today the pricing of an offering of $1,000,000,000 aggregate principal amount of 3.635% senior notes due 2050. The Company intends to use the net proceeds of this offering for general corporate purposes.... Read more of this article

Arch Capital Reports 2020 First Quarter Results

Arch Capital Reports 2020 First Quarter Results

Bermuda-based Arch Capital Group Ltd. announced its 2020 first quarter results. The results included:Net income available to Arch common shareholders of $133.7 million, or $0.32 per share, a 5.0% annualized return on average common equity, compared to $438.1 million, or $1.07 per share, for the 2019 first quarter;After-tax operating income available... Read more of this article

Arch Pledges $1M For Global Covid-19 Relief

Arch Pledges $1M For Global Covid-19 Relief

Arch Capital Group announced plans to make $1 million in corporate donations, double its employee giving match for charitable contributions and establish an employee assistance fund in response to the COVID-19 pandemic. “Arch’s initial pledge will aid organizations primarily focused on food insecurity, health issues in underserved and high-risk... Read more of this article

Arch Capital Enters Agreement With Natixis

Arch Capital Enters Agreement With Natixis

Arch Capital Group Ltd. has entered into a share purchase agreement with Natixis regarding the acquisition of a 29.5% stake in Coface, a France-based leader in the global trade credit insurance market. “The transaction will be completed at a price of €10.70 per share [dividend until closing attached], corresponding to a transaction value of... Read more of this article

Arch Intends To Obtain Majority Stake In PMAP

Arch Intends To Obtain Majority Stake In PMAP

Arch Reinsurance has entered into an agreement in principle to obtain a majority stake in Precision Marketing Asia Pacific [PMAP]. The company said, “Arch Reinsurance [Arch Re], a wholly owned subsidiary of Arch Capital Group Ltd., has announced that it has entered into an agreement in principle to obtain a majority stake in Precision Marketing... Read more of this article

Arch Capital Reports 2019 Fourth Quarter Results

Arch Capital Reports 2019 Fourth Quarter Results

Bermuda-based Arch Capital Group Ltd. announced its 2019 fourth quarter results. The results included:Net income available to Arch common shareholders of $316.0 million, or $0.76 per share, a 12.0% annualized return on average common equity, compared to $126.1 million, or $0.31 per share, for the 2018 fourth quarter;After-tax operating income available... Read more of this article

Arch Closes Acquisition Of Barbican Group

Arch Closes Acquisition Of Barbican Group

Arch Capital Group Ltd. announced the completion of its previously disclosed acquisition of Barbican Group Holdings Limited, including Barbican Managing Agency Limited, Lloyd’s Syndicate 1955, Castel Underwriting Agencies Limited and other associated entities. “We are excited to complete this transaction, which deepens Arch’s commitment to both... Read more of this article

Arch Re To Acquire Global Credit From Aspen Re

Arch Re To Acquire Global Credit From Aspen Re

Arch Reinsurance , a wholly owned subsidiary of Arch Capital Group Ltd., and Aspen Reinsurance, the reinsurance business segment of Aspen Insurance Holdings Limited, jointly announced that Arch Re has entered into a renewal rights agreement with Aspen Re on its global credit and surety reinsurance business after Aspen Re’s decision to exit the line.... Read more of this article

Arch Appoints Moira Kilcoyne & Thomas Watjen

Arch Appoints Moira Kilcoyne & Thomas Watjen

Arch Capital Group Ltd. announced that Moira Kilcoyne and Thomas Watjen will be appointed to the Company’s Board of Directors, effective Jan. 1, 2020. Ms. Kilcoyne is a 30+ year technology industry veteran with extensive financial services experience including serving as Co-Chief Information Officer [CIO] of Morgan Stanley, where she sat on the firm’s... 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 [FSR] of A+ [Superior] and the Long-Term Issuer Credit Rating [Long-Term ICR] of “aa-” of Arch Reinsurance Ltd. [Arch] [Bermuda] and its strategic affiliates. Concurrently, AM Best has affirmed the Long-Term ICR of “a-” and the Long-Term Issue Credit Ratings [Long-Term IRs] of Arch Capital Group... Read more of this article

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