Hashtag: #ArchCapital

Arch Capital 2015 Q2 Net Income: $110.3 Million

Arch Capital 2015 Q2 Net Income: $110.3 Million

Bermuda-based Arch Capital Group Ltd. reports that net income available to Arch common shareholders for the 2015 second quarter was $110.3 million, or $0.88 per share, compared to $202.5 million, or $1.48 per share, for the 2014 second quarter. “The Company also reported after-tax operating income available to Arch common shareholders of $146.0... Read more of this article

Arch Completes Restructuring Of Gulf Re

Arch Completes Restructuring Of Gulf Re

Arch Reinsurance Ltd‘s acquisition of Gulf Reinsurance Ltd., a specialty reinsurer based in the Dubai International Financial Centre, has been completed. The company said, Gulf Re was founded jointly by Arch and the Gulf Investment Corporation [GIC] in 2008. In 2014, Arch and the GIC signed an agreement whereby Arch would acquire 100% ownership... Read more of this article

Arch Capital Reports 2015 First Quarter Results

Arch Capital Reports 2015 First Quarter Results

Bermuda-based Arch Capital Group Ltd. reports that net income available to Arch common shareholders for the 2015 first quarter was $277.9 million, or $2.16 per share, compared to $177.0 million, or $1.30 per share, for the 2014 first quarter. The Company also reported after-tax operating income available to Arch common shareholders of $149.8 million,... Read more of this article

Fitch Affirms Arch’s Ratings, Outlook Positive

Fitch Affirms Arch’s Ratings, Outlook Positive

Fitch Ratings has affirmed Arch Capital Group Ltd.‘s [ACGL] Issuer Default Rating [IDR] at ‘A’ and the ratings on ACGL’s senior unsecured notes and preferred shares at ‘A-’ and ‘BBB’, respectively. Additionally, Fitch has affirmed the Insurer Financial Strength [IFS] ratings of ACGL’s various subsidiaries... Read more of this article

Arch Capital 2014 Q4 Net Income: $209.7 Million

Arch Capital 2014 Q4 Net Income: $209.7 Million

Bermuda-based Arch Capital Group Ltd. reports that net income available to Arch common shareholders for the 2014 fourth quarter was $209.7 million, or $1.60 per share, compared to $156.0 million, or $1.14 per share, for the 2013 fourth quarter, while after-tax operating income available to Arch common shareholders was $150.2 million, or $1.15 per share,... Read more of this article

Finance Minister On Morgan’s Point Guarantee

Finance Minister On Morgan’s Point Guarantee

[Updated] Government has provided a guarantee to Arch Reinsurance on behalf of Morgan’s Point Limited to provide credit support for a $5,000,000 loan, Minister of Finance Bob Richards said today [Dec 5] in the House of Assembly. Last month Morgan’s Point Ltd. — the company developing the hotel at Morgan’s Point in Southampton — announced... Read more of this article

Re/Insurer Arch Capital Invests In Morgan’s Point

Re/Insurer Arch Capital Invests In Morgan’s Point

Morgan’s Point Ltd. — the company developing the hotel at Morgan’s Point in Southampton — announced that it has received a commitment in financing from Bermuda-based international re/insurer Arch Capital Group Ltd. towards the cost of the first phase of the project. Arch’s investment, with an initial tranche of $5 million, represents... Read more of this article

Arch & XL Donate $3 Million For New Wing

Arch & XL Donate $3 Million For New Wing

The Bermuda Hospitals Charitable Trust [BHCT] received a $3 million donation from Arch Capital Group and XL Group as a joint gift for the new reception lobby in the Acute Care Wing. This donation was made as part of the Why it Matters campaign, which is still actively raising funds to reach the $40 million target set to fund the initial payment for... Read more of this article

Arch Capital 2014 Q2 Net Income: $202.5M

Arch Capital 2014 Q2 Net Income: $202.5M

Bermuda-based Arch Capital Group Ltd. reports that net income available to Arch common shareholders for the 2014 second quarter was $202.5 million, or $1.48 per share, compared to $171.5 million, or $1.26 per share, for the 2013 second quarter. The Company also reported after-tax operating income available to Arch common shareholders of $160.7 million,... Read more of this article

Arch Capital Group Appoints Paglia & Sunshine

Arch Capital Group Appoints Paglia & Sunshine

Bermuda-based Arch Capital Group Ltd. has appointed Louis J. Paglia and Eugene S. Sunshine to the Company’s Board of Directors. Mr. Paglia founded Customer Choice LLC in April 2010, a data analytics company serving the electric utility industry. He previously served as Executive Vice President of UIL Holdings Corporation, an electric utility, contracting... Read more of this article

Arch Capital’s Reinsurance Group Promotions

Arch Capital’s Reinsurance Group Promotions

Arch Capital Group Ltd. announced promotions in the reinsurance group to support the recent expansion of the Company’s mortgage insurance and reinsurance operations. Marc Grandisson recently assumed the position of Chairman and CEO of Arch Worldwide Reinsurance and Mortgage Groups, responsible for the Company’s global reinsurance and mortgage operations.... Read more of this article

Arch Capital Q1 2014 Net Income: $177 Million

Arch Capital Q1 2014 Net Income: $177 Million

Bermuda-based Arch Capital Group Ltd. reports that net income available for the 2014 first quarter was $177.0 million, compared to $251.0 million for the 2013 first quarter. The Company also reported after-tax operating income available to Arch common shareholders of $164.4 million, or $1.20 per share, for the 2014 first quarter, compared to after-tax... Read more of this article

A.M. Best Affirms Ratings Of Arch Capital

A.M. Best Affirms Ratings Of Arch Capital

Rating company A.M. Best has affirmed the financial strength rating of A+ and the issuer credit ratings of “aa-” of Arch Reinsurance Ltd. and its strategic affiliates. A.M. Best also has affirmed the ICR of “bbb+” of Arch Capital Group [US] Inc. [Delaware]. Concurrently, A.M. Best has affirmed the ICR of “a-” as well as all debt ratings... Read more of this article