Hashtag: #ArchCapital

Arch Capital 2016 Q1 Net Income: $149.3 Million

Bermuda-based Arch Capital Group Ltd. reports that net income available to Arch common shareholders for the 2016 first quarter was $149.3 million, or $1.20 per share, compared to $277.9 million, or $2.16 per share, for the 2015 first quarter. The Company also reported after-tax operating income available to Arch common shareholders of $145.7 million,... Read more of this article

Fitch Affirms Arch Capital Ratings, Outlook Stable

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 Reinsurance Expands Underwriting Team

Arch Reinsurance Company announced today that John Willemsen and Bill Hopkins have joined their underwriting team in Morristown, New Jersey as Managing Directors. Mr. Willemsen joins Arch Re with over 30 years of experience, most recently as head of the development of the Programs business at Munich Re. He will help develop and expand Arch Re’s Programs... Read more of this article

Arch Appoints Marc Grandisson: President, CEO

Arch Capital Group Ltd. announced that Marc Grandisson will be promoted to the position of President and Chief Operating Officer, effective January 1, 2016. Mr. Grandisson joined the Company in 2001 and currently serves as Chairman and Chief Executive Officer of Arch Worldwide Reinsurance and Mortgage Groups. In his new role, Mr. Grandisson will continue... Read more of this article

Fitch Affirms Arch Capital Group Ratings

A.M. Best Affirms Ratings Of Arch Reinsurance

Rating company A.M. Best has affirmed the financial strength rating [FSR] of A+ [Superior] and the issuer credit ratings [ICR] of “aa-” of Arch Reinsurance Ltd. and its strategic affiliates. A statement from the ratings agency said, “The affirmations reflect Arch’s continued superior operating performance, consistently excellent capitalization... Read more of this article

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 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

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 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

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

[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

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

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

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

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

Hashtag: #ArchCapital

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