Articles from Arch Capital Group Ltd.

Arch Capital Group Ltd. (Arch) today announced that Prashant Nema has been promoted to Executive Vice President (EVP) and Deputy Chief Operations Officer, effective immediately.

Arch Capital Group Ltd. (NASDAQ: ACGL, “the Company”) today announced it expects to release its 2024 fourth quarter results after the close of regular stock market hours on Monday, February 10. The Company will hold a conference call for investors and analysts at 11 a.m. ET on Tuesday, February 11.

Arch Mortgage Insurance Company (Arch MI, the Company) today announced the expansion of its Arch MI Scholars Program to the University of North Carolina Greensboro (UNCG).

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 $5.00 per outstanding common share. The special dividend is payable on Dec. 4, 2024, to common shareholders of record on Nov. 18, 2024.

Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch,” “our” or “the Company”) announces its 2024 third quarter results. The results included:

Arch Insurance North America (Arch Insurance, the Company), a provider of specialty risk and insurance solutions, today announced it has been honored with PropertyCasualty360’s Insurance Luminaries Award for Technology Innovation. This recognition highlights the company’s Arch APEX℠ portal, a cutting-edge digital platform that simplifies the accident insurance buying process.

Arch Capital Group Ltd. (“Arch” or “the Company”) today announced it held a private memorial event to honor and celebrate the life of former CEO Dinos Iordanou on Oct. 14 in New York City.

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 effective immediately. Papadopoulo has held his current positions of President and Chief Underwriting Officer since 2021 and previously served in various leadership and underwriting roles at the Company beginning in 2001.

Arch Insurance North America announces that Ventus Risk Management (Ventus, the Company), a wholly-owned managing general underwriter (MGU), has appointed Tyler Bair as President.

Arch Capital Group Ltd. (NASDAQ: ACGL, the Company) today announced it expects to release its 2024 third quarter results after the close of regular stock market hours on Wednesday, October 30. The Company will hold a conference call for investors and analysts at 11 a.m. ET on Thursday, October 31.

Arch Insurance North America (Arch Insurance), a provider of short-term disability insurance and paid family and medical leave (PFML) coverage, has collaborated with the Disability Management Employer Coalition (DMEC) on a webinar that will provide an overview on the PFML landscape through 2026. Topics include changes to existing state laws, coordination of benefits with non-mandated plans, and key reminders and updates for employers with staff in Delaware, Maine, Maryland and Minnesota.

Arch Capital Group Ltd. (NASDAQACGL) (“Arch” or the “Company”) today announced Daniel “Dan” J. Houston and Neal Triplett will join the Company’s Board of Directors, effective immediately.

Arch Mortgage Insurance Company (Arch MI) announced it has obtained over $203 million of indemnity reinsurance on a pool representing approximately $30.5 billion of mortgages from Bellemeade Re 2024-1 Ltd., a special purpose reinsurer. The coverage was obtained by issuing approximately $163 million in bonds and $41 million in direct reinsurance. This transaction largely covers a portfolio of MI policies issued by Arch MI and affiliates primarily from September 2023 through July 2024 and closed on Aug. 15.

Arch Insurance North America (Arch Insurance), part of Arch Capital Group Ltd. (Nasdaq: ACGL) (Arch), today announced it has closed the acquisition of the U.S. MidCorp and Entertainment insurance businesses from Allianz originally announced on April 5. Nearly 500 former Allianz MidCorp and Entertainment employees have joined Arch and will provide continuity to clients and brokers as Arch Insurance focuses on growing its middle market offerings.

Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch,” “our” or “the Company”) announces its 2024 second quarter results. The results included:

Arch Insurance North America (Arch Insurance), part of Arch Capital Group Ltd. (Nasdaq: ACGL), today announced that regulatory approval has been obtained for its previously announced acquisition of the U.S. MidCorp and Entertainment insurance businesses of Allianz. Both parties expect to close the transaction on August 1, 2024, subject to customary closing conditions.

Arch Capital Group Ltd. (NASDAQ: ACGL, the Company) today announced it expects to release its 2024 second quarter results after the close of regular stock market hours on Tuesday, July 30. The Company will hold a conference call for investors and analysts at 11 a.m. ET on Wednesday, July 31.

Arch Insurance North America (Arch Insurance), a provider of short-term disability insurance and paid family and medical leave (PFML) coverage, today announced it has teamed up with the Disability Management Employer Coalition (DMEC) to present a webinar that reviews proposed PFML requirements in Delaware, Maine, Maryland and Minnesota.

Arch U.S. MI Holdings Inc. (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., today announced it has acquired RMIC Companies, Inc. (RMIC) and its subsidiaries that together comprise the run-off mortgage insurance business of Old Republic International Corporation.

Arch Insurance North America (Arch Insurance) today announced it has released its State Disability & Paid Family Leave Reference Guide. This comprehensive resource provides employers with the details of paid family leave laws in all the U.S. states that mandate employers have such coverage. This resource includes details such as eligibility, covered conditions, weekly statutory benefits, contribution rates and more.

Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch,” “our” or “the Company”) announces its 2024 first quarter results. The results included:

Arch Insurance North America (Arch Insurance), part of Arch Capital Group Ltd. (Nasdaq: ACGL) (Arch), today announces it 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. Arch estimates its capital requirement to support the business will be approximately $1.4 billion.

Arch Capital Group Ltd. (NASDAQ: ACGL, Arch, the Company) today announced it has released its 2023 Sustainability Report, Sustainability Accounting Standards Board Report and Task Force for Climate-related Financial Disclosures.

Arch Insurance North America (Arch), a provider of specialized insurance and risk management solutions, today unveiled its latest products available through the Arch APEX℠ digital platform. Participant Accident coverage is now available for child education centers, child development centers, nursery schools, preschools and after-school programs. Camp coverage includes day and overnight camps that offer sports and non-sports activities.

Arch Capital Group Ltd. (NASDAQACGL) today announced it expects to release its 2024 first quarter results after the close of regular stock market hours on Monday, April 29. The Company will hold a conference call for investors and analysts at 11 a.m. ET on Tuesday, April 30.

Arch Reinsurance Group (the Company) today announces the promotions of three senior executives, effective April 1, 2024: Jerome Halgan, Vanessa Hardy Pickering and Lester Pun.

Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch,” “our” or “the Company”) announces its 2023 fourth quarter results. The results included:

Arch Insurance North America (Arch Insurance) today announces the appointment of Prabhu Venkataraman as Chief Information Officer.

Arch Capital Group Ltd. (NASDAQACGL) today announced it expects to release its 2023 fourth quarter results after the close of regular stock market hours on Wednesday, Feb. 14. The Company will hold a conference call for investors and analysts at 11 a.m. ET on Thursday, Feb. 15.

Arch Insurance (Arch), a leading provider of specialty insurance and risk management solutions, announced its non-profit accident insurance product is now available through the Arch APEX digital platform.

Arch RoamRight, a leader in travel insurance, garnered multiple accolades at the 2023 dotCOMM Awards, reinforcing its position as an industry leader in digital strategy and creative expertise.

Arch Reinsurance today announces the appointment of Greg Habay as Managing Director, Head of Business Development and ILS Partners Relations.

Arch U.S. MI Holdings (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., today announced it has entered into a definitive agreement to acquire RMIC Companies, Inc. (RMIC) and its subsidiaries that together comprise the run-off mortgage insurance business of Old Republic International Corporation.

Arch Mortgage Insurance Company (Arch MI) announced it has obtained over $233 million of indemnity reinsurance on a pool representing approximately $32.4 billion of mortgages from Bellemeade Re 2023-1 Ltd., a special purpose reinsurer. The coverage was obtained by issuing approximately $186 million in bonds and $46 million in direct reinsurance. This transaction largely covers a portfolio of MI policies issued by Arch MI and affiliates primarily from January 2023 through September 2023 and closed on Oct. 31.

Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch,” “our” or “the Company”) announces its 2023 third quarter results. The results included:

Arch Capital Group Ltd. (Arch) today announced Seamus Fearon has been promoted to CEO, International Mortgage for the Global Mortgage Group. In this role, Fearon will have responsibility for managing Arch’s Australian and European mortgage operations as well as its Government Sponsored Enterprise (GSE) Credit Risk Transfer (CRT) and Services business.

Arch Capital Group Ltd. (NASDAQACGL) today announced it expects to release its 2023 third quarter results after the close of regular stock market hours on Monday, Oct. 30. The Company will hold a conference call for investors and analysts at 11 a.m. ET on Tuesday, Oct. 31.

Arch Insurance announces Arch CyPro, a pioneering cyber insurance solution designed to proactively safeguard businesses in an environment of rapidly evolving cyber threats.

Arch Insurance, a provider of short-term disability insurance and paid family and medical leave (PFML) coverage, has teamed up with the Disability Management Employer Coalition (DMEC) to present a webinar that reviews PFML requirements in the United States.

Arch Reinsurance Ltd. (Arch Re Ltd.) today announced the promotions of Crystal Doughty to Chief Underwriting Officer, Property and William Soares to Chief Underwriting Officer, Casualty and Specialty. Both will report to Jerome Halgan, CEO of Arch Re Ltd.

The software development team for Arch Insurance’s Accident and Health unit won a Bronze Stevie® Award in the Technology Team of the Year category in the 20th Annual International Business Awards® today.

Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch” or “the Company”) announces its 2023 second quarter results. The results included:

Arch Insurance is proud to announce its Travel, Accident & Health unit has been recognized as one of the Best Places to Work by the Business Intelligence Group. This recognition underscores Arch’s commitment to fostering a positive and inclusive work environment for its employees.

Arch Reinsurance Company (Arch Re Co.) today announced Jonathan Schriber will join the company as President effective Aug. 1, 2023. Schriber will be based in the company’s Morristown, New Jersey, office and will have responsibility for Arch’s U.S.-based reinsurance operation’s underwriting portfolio and oversight of the entity’s overall strategy.

Arch Capital Group Ltd. (NASDAQACGL) today announced it expects to release its 2023 second quarter results after the close of regular stock market hours on Wednesday, July 26, 2023. The Company will hold a conference call for investors and analysts at 11 a.m. ET on Thursday, July 27, 2023.

Arch Insurance North America has announced that Rebecca Raisley has joined the Accident & Health (A&H) business unit as Vice President of Distribution. Raisley brings more than 20 years of A&H experience and will report to Jim Villa, Senior Vice President, Strategy and Distribution.

Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch” or “the Company”) announces its 2023 first quarter results. The results included:

Arch Capital Group Ltd. [NASDAQ: ACGL] has released its 2022 sustainability reports including the 2022 Sustainability Report, Sustainability Accounting Standards Board (SASB), Task Force for Climate-related Financial Disclosures (TCFD) and a Sustainability Report Highlights document that summarizes key disclosures from our larger reports.

Arch Insurance today announced it has acquired Thimble, a leading insurtech platform for small business customers and agents. Thimble enables small businesses to quickly get insurance coverage by the job, month or year using its award-winning app, website, or over the phone.

Dana Silverman, Assistant Vice President of Client Services for Arch Insurance’s Accident and Health unit, was recognized as a Customer Service Manager of the Year in the 17th annual Stevie® Awards for Sales & Customer Service.

Arch Capital Group Ltd. (NASDAQACGL) today announced it expects to release its 2023 first quarter results after the close of regular stock market hours on Wednesday, April 26, 2023. The Company will hold a conference call for investors and analysts at 11 a.m. Eastern Time on Thursday, April 27, 2023.

Arch Insurance, a provider of short-term disability insurance and paid family and medical leave (PFML) coverage, has teamed up with the Disability Management Employer Coalition (DMEC) to present a webinar that reviews PFML requirements in the United States.

Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch” or “the Company”) announces its 2022 fourth quarter results. The results included:

Arch Insurance North America (Arch) today announced that Lauren Dieterich has joined the Company as Chief Operating Officer. She reports to Brian First, President of Arch Insurance North America, and will be a member of the North American executive leadership team.

Arch Capital Group Ltd. (NASDAQACGL) today announced it expects to release its 2022 fourth quarter results after the close of regular stock market hours on Monday, Feb. 13, 2023. The Company will hold a conference call for investors and analysts at 11 a.m. ET on Tuesday, Feb. 14, 2023.

Arch Insurance North America (Arch) today announced that Brian First has been promoted to President of Arch Insurance North America, effective Dec. 1. First was promoted from Chief Underwriting Officer (CUO) of Programs, Property and Specialty, and he will continue to report to Matt Shulman, CEO of Arch Insurance North America.

Arch Mortgage Insurance Company (“Arch MI”), a leading provider of private mortgage insurance (MI) and a wholly owned subsidiary of Arch Capital Group Ltd., and Vesta, a next-generation loan origination system (LOS) and software-as-a-service company, launched a new integration providing customers with direct access to Arch MI’s industry-leading products and pricing tools.

Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch” or “the Company”) announces its 2022 third quarter results. The results included:

Arch Capital Group Ltd. [NASDAQ: ACGL; "the Company"] reports that its 2022 third quarter results will be negatively impacted by the effects of Hurricane Ian, as well as from a series of other global events that occurred this year, including U.S. convective storms, Typhoon Nanmadol and the June French hailstorms. As a result, the Company has established a range of pre-tax catastrophe losses of $530 million to $560 million in the 2022 third quarter across its property casualty insurance and reinsurance segments, net of reinsurance recoveries and reinstatement premiums.

Arch Capital Group Ltd. [NASDAQ: ACGL] today announced that it expects to release its 2022 third quarter results after the close of regular stock market hours on Wednesday, Oct. 26. The Company will hold a conference call for investors and analysts at 11 a.m. ET on Thursday, Oct. 27.

Arch Mortgage Insurance Company (Arch MI) announced that it has obtained over $358 million of indemnity reinsurance on a pool representing approximately $51.7 billion of mortgages from Bellemeade Re 2022-2 Ltd., a special purpose reinsurer. The coverage was obtained by issuing approximately $201 million in bonds and $157 million in direct reinsurance. This transaction largely covers a portfolio of MI policies issued by Arch MI and affiliates from Nov. 2021 through June 2022.

Home-price appreciation isn’t expected to experience a sustained decline on a national basis over the next year, even though there’s a strong chance the overall economy could enter a recession, according to the new edition of The Housing and Mortgage Market Review (HaMMR) released today by Arch Mortgage Insurance Company (Arch MI), a leading provider of mortgage insurance.

Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch” or “the Company”) announces its 2022 second quarter results. The results included:

Arch RoamRight Travel Insurance today announced that Trek Travel, a leading luxury cycling vacations tour operator in North America, has selected Arch RoamRight as its primary travel insurance provider.

Arch Capital Group Ltd. [NASDAQ: ACGL] today announced that it expects to release its 2022 second quarter results after the close of regular stock market hours on Wednesday, July 27, 2022. The Company will hold a conference call for investors and analysts at 11 a.m. Eastern Time on Thursday, July 28, 2022.

Arch Insurance, a provider of short-term disability insurance and paid family and medical leave (PFML) coverage, has teamed up with the Disability Management Employer Coalition (DMEC) to present a webinar that highlights the applicable state requirements where PFML coverage is required.

Surging home prices and rising interest rates have decreased affordability and started to bring down demand from elevated levels, while limited inventory and the domestic impact of international crises will likely result in slower sales and home-price growth later this summer, according to the new edition of The Housing and Mortgage Market Review (HaMMR) released today by Arch Mortgage Insurance Company (Arch MI), a leading provider of mortgage insurance.

Arch RoamRight has released its 2022 Travel Insurance Playbook℠, a guide created to provide insights into travel insurance trends and a vision into what travelers are expecting as they look to the future. The Playbook includes predictive travel statistics, including a forecast of what travelers are looking for coming out of the COVID-19 pandemic, along with the top destinations for trips booked in 2022.

Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch” or “the Company”) announces its 2022 first quarter results. The results included:

Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to release its 2022 first quarter results after the close of regular stock market hours on Wednesday, April 27, 2022. The Company will hold a conference call for investors and analysts at 11:00 a.m. Eastern Time on Thursday, April 28, 2022.

The Business Intelligence Group announced it has awarded Arch RoamRight a 2022 Best Places to Work award. The organization sought to identify companies that are actively working to improve their own performance through efforts to challenge employees in environments that make work fun and engaging.

Home sales, which increased more than 6% in 2021 to a 15-year high, will remain strong this year — supported by solid demographic trends and an expected increase in the number of homes for sale, according to the winter edition of The Housing and Mortgage Market Review (HaMMR), released today by Arch Mortgage Insurance Company (Arch MI), a leading provider of mortgage insurance.

Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch” or “the Company”) announces its 2021 fourth quarter results. The results included:

Arch Mortgage Insurance Company (Arch MI) announced that it has obtained over $315 million of indemnity reinsurance on a pool representing approximately $6.3 billion of mortgages from Bellemeade Re 2022-1 Ltd., a special purpose reinsurer. The coverage was obtained by issuing approximately $282 million in bonds and $33 million in direct reinsurance. This transaction largely covers a portfolio of MI policies issued by Arch MI and affiliates from July through November 2021.

Arch Re Facultative (Arch Re Fac) today announced several promotions in its leadership team that were effective Jan. 1, 2022. Santiago “Santi” Hernandez was named CEO of Arch Re Fac. Additionally, Scott Montgomery was promoted to President, Lisa Pickard was appointed Arch Re Fac’s first Chief Strategy Officer and Mike Karam was named Executive Director and Head of Hybrid Solutions. Jennifer Apgar, who has the dual roles of Chief Underwriting Officer (CUO) and Chief Operating Officer (COO), was given the additional responsibility of developing the infrastructure needed to handle Arch Re Fac’s substantial growth.