Hashtag: #ArchCapital
Arch Capital Reports Second Quarter Results
Bermuda-based Arch Capital Group Ltd. announces its 2020 second quarter results. The results included: Net income available to Arch common shareholders of $288.4 million, or $0.71 per share, a 10.6% annualized return on average common equity, compared to $458.6 million, or $1.12 per share, for the 2019 second quarter; After-tax operating income available... Read more of this article
Arch Announces Catastrophe Loss Estimates
Arch Capital Group Ltd. has established a range of pre-tax catastrophe losses of $205 million to $225 million in the 2020 second quarter. The company said, “Arch Capital Group Ltd. has established a range of pre-tax catastrophe losses of $205 million to $225 million in the 2020 second quarter across its property casualty insurance and reinsurance... Read more of this article
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 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
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 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 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 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
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 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 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 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
