Hashtag: #ArchCapital
Arch Announces Dividend, Executive Promotions
Arch Capital Group Ltd. announced a $1.9 billion special dividend and also announced executive promotions. A spokesperson said, “Arch Capital Group Ltd. [NASDAQ: ACGL, Arch or the Company] today announced that its Board of Directors [Board] has declared a special cash dividend [special dividend] of $1.9 billion to common shareholders, representing... Read more of this article
Arch Capital Appoints Nicolas Papadopoulo
Arch Capital Group Ltd. appointed Nicolas Papadopoulo as CEO and Board member, effective immediately, following Marc Grandisson’s retirement. A spokesperson said, “Arch Capital Group Ltd. [NASDAQ: ACGL, Arch, our or the Company] today announced that Nicolas Papadopoulo has been named Chief Executive Officer and is joining the Board of Directors... Read more of this article
Arch Appoints Daniel Houston & Neal Triplett
Arch Capital Group announced that Daniel “Dan” J. Houston and Neal Triplett will join the Company’s Board of Directors, effective immediately. A spokesperson said, “Mr. Houston is a seasoned executive with a wealth of experience in the financial services sector. He is Chairman and CEO of Principal Financial Group, where he is responsible... Read more of this article
Arch Completes Acquisition: Allianz Businesses
Arch Insurance North America, part of Arch Capital Group Ltd. announced it has closed the acquisition of the U.S. MidCorp and Entertainment insurance businesses from Allianz originally announced on April 5. A spokesperson said, “Nearly 500 former Allianz MidCorp and Entertainment employees have joined Arch and will provide continuity to clients... Read more of this article
Re/Insurance Industry Mourns Dinos Iordanou
The international re/insurance industry mourns the passing of Dinos Iordanou, founder of Arch Capital Group and former ABIR Chair. ABIR President & CEO John M. Huff said, “The entire international re/insurance industry mourns the passing of entrepreneur, Mr. Dinos Iordanou, who was a booming voice for Bermuda. Dinos was a tremendous leader,... Read more of this article
Arch Insurance Int’l Appoints Kirsten Valder
Arch Insurance International has appointed Kirsten Valder as its new Deputy CEO, responsible for overseeing global platform development under CEO Hugh Sturgess. A spokesperson said, “Arch Insurance International has today announced the appointment of Kirsten Valder as Deputy CEO of Arch Insurance International, effective immediately. “As... Read more of this article
Arch To Acquire Businesses From Allianz
Arch Insurance North America, part of Arch Capital Group Ltd, has entered into a master transaction agreement to acquire the U.S. MidCorp and Entertainment insurance businesses, including select specialty insurance programs, from Allianz Global Corporate & Specialty SE [AGCS] for a $450 million cash consideration to Allianz. A spokesperson said,... Read more of this article
AM Best Assigns Credit Ratings To Arch Group
AM Best assigned Arch Group Reinsurance a Financial Strength Rating of A+ and Long-Term Issuer Credit Ratings of “aa-” with a stable outlook. The ratings agency said, “AM Best has assigned the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Ratings of “aa-” [Superior] to Arch Group Reinsurance Ltd. [Arch Group... Read more of this article
Arch Capital Promotes Three Senior Executives
Arch Reinsurance promoted Jerome Halgan to President and Chief Underwriting Officer, Vanessa Hardy Pickering to Chief Financial Officer, and Lester Pun to Chief Operating Officer, effective April 1, 2024. A spokesperson said, “Arch Reinsurance Group today announces the promotions of three senior executives, effective April 1, 2024: Jerome Halgan,... Read more of this article
AM Best Affirms Arch Reinsurance’s Ratings
AM Best has affirmed the Financial Strength Rating [FSR] of A+ [Superior] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “aa-” [Superior] for Arch Reinsurance Ltd. and its strategic affiliates. The ratings agency said, “Concurrently, AM Best has affirmed the Long-Term ICRs of “a-” [Excellent] and the Long-Term Issue Credit... Read more of this article
Arch Capital Announces 4th Quarter Results
Arch Capital Group Ltd. announced its fourth quarter 2023 results, with net income available to Arch common shareholders of $2.3 billion, or $6.12 per share. A spokesperson said, “The results included: Net income available to Arch common shareholders of $2.3 billion, or $6.12 per share, representing a 58.2% annualized net income return on average... Read more of this article
Premier & Arch CEO To Speak At Risk Summit
A keynote conversation between Premier David Burt and Marc Grandisson, CEO, Arch Capital Group Ltd. [Arch] will kick off the 2024 Bermuda Risk Summit, presented by the Bermuda Business Development Agency [BDA], in partnership with the Association of Bermuda Insurers and Reinsurers [ABIR] and EY. In 2021, Arch celebrated its 20th anniversary as a Bermuda... Read more of this article
