Hashtag: #ArchCapital
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
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
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
Arch Reports $156M Net Income For Q4
Bermuda-based Arch Capital Group Ltd. reports that net income available to common shareholders for the 2013 fourth quarter was $156.0 million, or $1.14 per share, compared to $13.7 million, or $0.10 per share, for the 2012 fourth quarter. After-tax operating income available to common shareholders was $152.7 million, or $1.12 per share, for the 2013... Read more of this article
Arch Capital Group Acquires CMG MI, PMI
Bermuda-based Arch Capital Group Ltd. announced that its U.S.-based subsidiaries [Arch U.S. MI] have completed the acquisition of CMG Mortgage Insurance Company and the mortgage insurance operating platform of PMI Mortgage Insurance Co. As part of the transaction, CMG MI, which will be renamed “Arch Mortgage Insurance Company,” has obtained approval... Read more of this article
Arch Capital 2013 Q3 Net Income: $109.3M
Bermuda-based Arch Capital Group Ltd. reports that net income available to common shareholders for the 2013 third quarter was $109.3 million, or $0.80 per share, compared to $184.2 million, or $1.33 per share, for the 2012 third quarter. The Company also reported after-tax operating income available to common shareholders of $149.2 million, or $1.10... Read more of this article
Radian Accuses Arch Of ‘Poaching’ Key Worker
Radian Group has accused Bermuda-based Arch Capital Group Ltd. of inducing a former account manager to quit and take confidential information with her to gain a competitive edge when it enters the U.S. mortgage-guaranty business, Bloomberg has reported. The report said that regional account manager Rhiannon Bolen resigned from Radian on Aug. 27 and... Read more of this article
Arch Reports 2013 Second Quarter Results
Bermuda-based Arch Capital Group Ltd. [ACGL] reports that net income available to common shareholders for the 2013 second quarter was $171.5 million, or $1.26 per share, compared to $202.0 million, or $1.46 per share, for the 2012 second quarter. The Company also reported after-tax operating income available to common shareholders of $135.0 million,... Read more of this article
BFIS Thanks Arch For Their Continuing Support
Since 2003 the Arch Capital Group of Companies in Bermuda has made annual donations to the Bermuda Foundation For Insurance Studies [BFIS]. To date those donations total $150,000. Michael Fisher, BFIS chairman, said “The continuing support from such a well-recognized industry leader, the Arch Group, is very important to BFIS and assists us in maintaining... Read more of this article
Arch Capital Earnings Leap 56 Percent
Bermuda-based Arch Capital Group Ltd.’s reported on Monday [Apr. 29] that its first-quarter earnings rose 56 percent as the insurance and reinsurance company saw its premiums and its foreign-exchange gains rise. Like other global insurers, Arch Capital was helped last year by a relative absence of natural disasters, a lucky streak interrupted... Read more of this article
Arch Set To Release First Quarter Results
Bermuda’s Arch Capital Group Ltd. announced yesterday [Apr.2] that it expects to release its 2013 first quarter results after the close of regular stock market hours on Monday, April 29, 2013. The company will hold a conference call for investors and analysts at 11:00 a.m. [Eastern Time] on Tuesday, April 30. Arch Capital Group Ltd., a Bermuda-based... Read more of this article
Q4: Arch Capital Reports $13.7M Net Income
Bermuda-based Arch Capital Group Ltd. reports that net income available to common shareholders for the 2012 fourth quarter was $13.7 million, or $0.10 per share, compared to $138.9 million, or $1.01 per share, for the 2011 fourth quarter. The Company’s 2012 fourth quarter results included losses for Superstorm Sandy of $203.5 million, net of reinsurance... Read more of this article
A.M. Best Affirms Arch Reinsurance Ratings
A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of “aa-” of Arch Reinsurance Ltd. (Arch) (Bermuda) and its strategic affiliates. A.M. Best also has assigned an FSR of A+ (Superior) and an ICR of “aa-” to Arch Insurance Canada Ltd. (Canada), which was converted from a branch... Read more of this article
Arch Capital’s New Canadian Operations
Bermuda-based Arch Capital Group Ltd. today [Jan 7] confirmed the completion of the domestication of its Canadian insurance and reinsurance operations under a new legal entity named Arch Insurance Canada Ltd. [Arch Canada]. Arch Canada, domiciled in Toronto, Ontario has been operating in Canada as a Canadian branch of Arch Insurance Company [a U.S.... Read more of this article
Arch Estimates Sandy’s Cost At $170-240M
Bermuda-based Arch Capital Group Ltd. announced that its preliminary estimate of losses relating to Storm Sandy ranges between $170 million and $240 million, net of reinsurance and the effects of reinstatement premiums. This preliminary loss estimate is based on projected industry insured losses ranging from $20 billion to $25 billion. The losses from... Read more of this article
Arch Insurance Announces Promotions
Arch Insurance [Bermuda], a division of Arch Reinsurance Ltd., announced the creation of new positions and numerous promotions which have occurred during the past months. Terry Pimentel, President of Arch Insurance [Bermuda], stated, “At the beginning of 2012, we completed a restructuring of our underwriting departments which resulted in the creation... Read more of this article
