Arch Capital Group Ltd. (OQ:ACGL)
Business Focus: Property & Casualty Insurance
Apr 05, 2024 09:00 am ET
Arch Insurance North America to Acquire Allianz’s U.S. MidCorp and Entertainment Insurance Businesses
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.
Apr 04, 2024 08:30 am ET
Arch Capital Group Ltd. Releases 2023 Sustainability Reports
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.
Mar 27, 2024 08:30 am ET
Arch Capital Group Ltd. to Report 2024 First Quarter Results on April 29
Arch Capital Group Ltd. (NASDAQ: ACGL) 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.
Feb 14, 2024 04:11 pm ET
Arch Capital Group Ltd. Reports 2023 Fourth Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch,” “our” or “the Company”) announces its 2023 fourth quarter results. The results included:
Jan 09, 2024 04:10 pm ET
Arch Capital Group Ltd. to Report 2023 Fourth Quarter Results on February 14
Arch Capital Group Ltd. (NASDAQ: ACGL) 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.
Oct 30, 2023 04:11 pm ET
Arch Capital Group Ltd. Reports 2023 Third Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch,” “our” or “the Company”) announces its 2023 third quarter results. The results included:
Oct 02, 2023 04:05 pm ET
Arch Capital Group Ltd. to Report 2023 Third Quarter Results on October 30
Arch Capital Group Ltd. (NASDAQ: ACGL) 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.
Sep 27, 2023 09:31 am ET
Thinking about buying stock in Arch Capital Group, Oncolytics Biotech, Baudax Bio, Femasys, or Traction Uranium?
NEW YORK, Sept. 27, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ACGL, ONCY, BXRX, FEMY, and TRCTF.
Jul 26, 2023 04:14 pm ET
Arch Capital Group Ltd. Reports 2023 Second Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch” or “the Company”) announces its 2023 second quarter results. The results included:
Jun 28, 2023 04:25 pm ET
Arch Capital Group Ltd. to Report 2023 Second Quarter Results on July 26
Arch Capital Group Ltd. (NASDAQ: ACGL) 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.
Apr 26, 2023 04:32 pm ET
Arch Capital Group Ltd. Reports 2023 First Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch” or “the Company”) announces its 2023 first quarter results. The results included:
Apr 14, 2023 08:40 am ET
Arch Capital Group Ltd. Releases 2022 Sustainability Reports
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.
Mar 30, 2023 04:04 pm ET
Arch Capital Group Ltd. to Report 2023 First Quarter Results on April 26
Arch Capital Group Ltd. (NASDAQ: ACGL) 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.
Feb 13, 2023 04:10 pm ET
Arch Capital Group Ltd. Reports 2022 Fourth Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch” or “the Company”) announces its 2022 fourth quarter results. The results included:
Feb 02, 2023 01:00 pm ET
The Actuarial Foundation Presents its Formula 2023 Virtual Gala on May 11 - An exciting, live-streamed event celebrating math, education and diversity
SCHAUMBURG, Ill., Feb. 2, 2023 /PRNewswire/ -- The Actuarial Foundation is excited to announce its Virtual Gala – Multiplying the Power of Math & Diversity. This unique, live-streamed free event kicks off at 5:00 p.m. (CT). The evening promises inspiring stories, fun entertainment and exciting prizes, including a keynote from our special guest, actress, mathematics writer and education advocate, Danica McKellar.
Jan 09, 2023 04:05 pm ET
Arch Capital Group Ltd. to Report 2022 Fourth Quarter Results on Feb. 13, 2023
Arch Capital Group Ltd. (NASDAQ: ACGL) 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.
Dec 14, 2022 09:00 am ET
Simply Business Partners with Arch Insurance to Expand Professional Liability Product Offering
BOSTON, Dec. 14, 2022 /PRNewswire/ -- Simply Business, LLC., a Boston-based digital insurance company focused on small businesses, today announced a partnership with specialty insurer Arch Insurance to offer monoline professional liability solutions to small business owners in the United States.
Oct 28, 2022 08:33 am ET
Thinking about buying stock in Pinterest, Arch Capital, Shopify, Data I/O, or Mammoth Energy?
NEW YORK, Oct. 28, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for PINS, ACGL, SHOP, DAIO, and TUSK.
Oct 27, 2022 07:43 pm ET
Arch Capital Group Set to Join S&P 500; RXO to Join S&P MidCap 400; Bread Financial Holdings to Join S&P SmallCap 600
NEW YORK, Oct. 27, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600:
Oct 26, 2022 04:15 pm ET
Arch Capital Group Ltd. Reports 2022 Third Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch” or “the Company”) announces its 2022 third quarter results. The results included:
Oct 18, 2022 05:25 pm ET
Arch Capital Group Ltd. Announces Catastrophe Loss Estimates
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.
Oct 03, 2022 04:05 pm ET
Arch Capital Group Ltd. to Report 2022 Third Quarter Results on Oct. 26, 2022
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.
Jul 27, 2022 04:11 pm ET
Arch Capital Group Ltd. Reports 2022 Second Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch” or “the Company”) announces its 2022 second quarter results. The results included:
Jun 28, 2022 04:15 pm ET
Arch Capital Group Ltd. to Report 2022 Second Quarter Results on July 27, 2022
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.
Apr 27, 2022 04:11 pm ET
Arch Capital Group Ltd. Reports 2022 First Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch” or “the Company”) announces its 2022 first quarter results. The results included:
Mar 30, 2022 09:15 am ET
Arch Capital Group Ltd. to Report 2022 First Quarter Results on April 27, 2022
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.
Feb 09, 2022 04:15 pm ET
Arch Capital Group Ltd. Reports 2021 Fourth Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch” or “the Company”) announces its 2021 fourth quarter results. The results included:
Jan 10, 2022 08:45 am ET
Arch Capital Group Ltd. to Report 2021 Fourth Quarter Results on February 9, 2022
Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to release its 2021 fourth quarter results after the close of regular stock market hours on Wednesday, February 9, 2022. The Company will hold a conference call for investors and analysts at 11:00 a.m. Eastern Time on Thursday, February 10, 2022.
Dec 10, 2021 04:51 pm ET
AM Best Affirms Credit Ratings of Arch Capital Group Ltd. and Its Subsidiaries
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) of Arch Reinsurance Ltd. (Arch) (Bermuda) and its strategic affiliates. Concurrently, AM Best has affirmed the Long-Term ICRs of “a-” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of Arch Capital Group Ltd. (Arch Capital) (Bermuda) [NASDAQ: ACGL], the ultimate holding company; Arch Capital Group (US) Inc (Delaware); and Arch Capital Finance LLC (Delaware). (See below for a detailed listing of the c
Dec 09, 2021 10:30 am ET
Arch Capital Group Ltd. Pledges $1.4 Million in Charitable Donations in Recognition of 20th Anniversary
Arch Capital Group Ltd. (NASDAQ: ACGL) today announced plans to donate $1.4 million, directed by employee voting, to charities around the world in recognition of the 20th anniversary of the firm’s founding. The gifts to charities were announced by François Morin, Chief Financial Officer of Arch Capital Group, after company leaders rang the closing bell at Nasdaq in recognition of Arch’s anniversary.
Nov 04, 2021 09:05 am ET
Arch Relaunches Watford Re as Somers Re
Arch Capital Group Ltd. [NASDAQ: ACGL], alongside investment partners Warburg Pincus and Kelso & Company (Kelso), today announced that Watford Holdings Ltd. and Watford Re Ltd. have been renamed Somers Group Holdings Ltd. (Somers Group) and Somers Re Ltd. (Somers Re), respectively. Headquartered in Bermuda, the name Somers Re is a nod to Sir George Somers, who founded Bermuda in 1609.
Oct 27, 2021 04:12 pm ET
Arch Capital Group Ltd. Reports 2021 Third Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL) announces its 2021 third quarter results. The results included:
Oct 11, 2021 04:15 pm ET
Arch Capital Group Ltd. Announces Catastrophe Loss Estimates and Provides Update on Share Repurchase Authorization
Arch Capital Group Ltd. [NASDAQ: ACGL; “the Company”] reports that its 2021 third quarter results will be negatively impacted by the effects of Hurricane Ida and the July flooding events in Central Europe, as well as from other minor global events. As a result, the Company has established a range of pre-tax catastrophe losses of $330 million to $345 million in the 2021 third quarter across its property casualty insurance and reinsurance segments, net of reinsurance recoveries and reinstatement premiums.
Oct 01, 2021 08:55 am ET
Arch Capital Group Ltd. Announces Completion of the Redemption of 5.25% Series E Preferred Shares
Arch Capital Group Ltd. [NASDAQ: ACGL] announced today that it completed the redemption on Sept. 30, 2021 (the “Redemption Date”) of all 18,000 of its outstanding 5.25% Series E Non-Cumulative Preferred Shares (the “Series E Preferred Shares”) represented by 18,000,000 depositary shares, each of which represents a 1/1,000th interest in a Series E Preferred Share (the “Depositary Shares” and together with the Series E Preferred Shares, the “Shares”).
Sep 20, 2021 09:15 am ET
Arch Capital Group Ltd. to Report 2021 Third Quarter Results on October 27, 2021
Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to release its 2021 third quarter results after the close of regular stock market hours on Wednesday, October 27, 2021. The Company will hold a conference call for investors and analysts at 11:00 a.m. Eastern Time on Thursday, October 28, 2021.
Aug 30, 2021 08:40 pm ET
Arch Capital Group Ltd. Closes Acquisition of Westpac Lenders Mortgage Insurance Limited
Arch Capital Group Ltd. [NASDAQ: ACGL] today announced the completion of the previously disclosed acquisition of Westpac Lenders Mortgage Insurance Limited (WLMI), an Australian Prudential Regulation Authority (APRA) authorized captive lenders mortgage insurance (LMI) provider to the Westpac Group (Westpac). With the transaction complete, Arch will proceed with combining the operations of WLMI with its existing Australian LMI company, Arch LMI Pty Ltd.
Aug 30, 2021 04:40 pm ET
Arch Capital Group Ltd. Announces Redemption of 5.25% Series E Preferred Shares
Arch Capital Group Ltd. [NASDAQ:ACGL] announced today that it has called for redemption on Sept. 30, 2021 (the “Redemption Date”) all 18,000 of its outstanding 5.25% Series E Non-Cumulative Preferred Shares (the “Series E Preferred Shares”) represented by 18,000,000 depositary shares each of which represents a 1/1,000th interest in a Series E Preferred Share (the “Depositary Shares” and together with the Series E Preferred Shares, the “Shares”). The Series E Preferred Shares will be redeemed at a redemption price equal to $25,000 per Series E Preferred Share (or $25.00 per Depositary Share) (t
Aug 16, 2021 04:05 pm ET
Arch Capital Group Ltd. Appoints Francis Ebong and Eileen Mallesch to Board of Directors
Arch Capital Group Ltd. [NASDAQ: ACGL] today announced that Francis Ebong and Eileen Mallesch will join the Company’s Board of Directors, effective immediately.
Aug 03, 2021 03:00 pm ET
Arch Insurance Expands Accident & Health Team With Jamie Landsman, Vice President of Product Innovation and Strategy
Arch Insurance (Arch) today announced that Jamie Landsman has joined the Company as Vice President, Product Innovation and Strategy for the Accident & Health (A&H) business unit. Landsman brings over 20 years of experience in A&H and will report to Jim Villa, Senior Vice President, Strategy and Distribution.
Jul 28, 2021 04:11 pm ET
Arch Capital Group Ltd. Reports 2021 Second Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL) announces its 2021 second quarter results. The results included:
Jul 02, 2021 08:30 am ET
Arch Capital Group Ltd. Closes Acquisition of Watford Holdings Ltd.
Arch Capital Group Ltd. (“Arch”)[NASDAQ: ACGL], along with investment partners Kelso & Company (Kelso) and Warburg Pincus, today announced the completion of the previously disclosed acquisition of Watford Holdings Ltd. (Watford). Watford and Arch originally announced the signing of a definitive merger agreement on Nov. 2, 2020, through an affiliated entity of which Arch owns approximately 40%, and funds managed by Kelso and Warburg Pincus each own approximately 30%.
Jun 23, 2021 11:09 am ET
Arch Capital Group Ltd. to Report 2021 Second Quarter Results on July 28, 2021
Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to release its 2021 second quarter results after the close of regular stock market hours on Wednesday, July 28, 2021. The Company will hold a conference call for investors and analysts at 11:00 a.m. Eastern Time on Thursday, July 29, 2021.
Jun 02, 2021 04:28 pm ET
Arch Capital Group Ltd. Announces $500 Million Public Offering of Depositary Shares Representing Series G Preferred Shares
Arch Capital Group Ltd. [NASDAQ: ACGL] announced today that it has priced an underwritten public offering of 20,000,000 Depositary Shares, each of which represents a 1/1,000th interest in a 4.550% Non-Cumulative Preferred Share, Series G, of ACGL (the “Series G Preferred Shares”). The public offering price is $25 per Depositary Share for an aggregate public offering price of $500 million. The Company intends to use the net proceeds of this offering to redeem all or a portion of its issued and outstanding Series E Non-Cumulative Preferred Shares in September 2021 and to use any remai
May 24, 2021 09:00 am ET
Christine Todd to Join Arch Capital Group Ltd. as Chief Investment Officer
Arch Capital Group Ltd. [NASDAQ: ACGL] today announced that Christine Todd will join the company as Chief Investment Officer (CIO), effective June 7, 2021, subject to regulatory approval. In this role, Todd will report to Marc Grandisson, CEO of ACGL, and will have responsibility for setting the firm’s investment strategy and managing the day-to-day operations of the investment portfolio.
Apr 27, 2021 05:02 pm ET
Arch Capital Group Ltd. Reports 2021 First Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL) announces its 2021 first quarter results. The results included:
Apr 16, 2021 08:45 am ET
Arch Capital Group Ltd. Announces Catastrophe Loss Estimates
Arch Capital Group Ltd. [NASDAQ: ACGL; “the Company”] reports that its 2021 first quarter results will be negatively impacted by the effects of North American winter storms Uri and Viola that occurred in February, as well as from other minor global events. As a result, the Company has established a range of pretax catastrophe losses of $180 million to $190 million in the 2021 first quarter across its property casualty insurance and reinsurance segments, net of reinsurance recoveries and reinstatement premiums. Included in these estimates is a de minimis amount for ongoing exposure to COVID-19
Mar 24, 2021 12:00 pm ET
Arch Capital Group Ltd. to Report 2021 First Quarter Results on April 27, 2021
Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to release its 2021 first quarter results after the close of regular stock market hours on Tuesday, April 27, 2021. The Company will hold a conference call for investors and analysts at 11:00 a.m. Eastern Time on Wednesday, April 28, 2021.
Mar 17, 2021 08:18 pm ET
Arch Capital Group Ltd. to Acquire Westpac Lenders Mortgage Insurance Limited
The Global Mortgage Group of Arch Capital Group Ltd. (NASDAQ: ACGL) has entered into a share purchase agreement with the Westpac Group (Westpac) to acquire Westpac Lenders Mortgage Insurance Limited (WLMI), an Australian Prudential Regulation Authority (APRA) authorized captive lenders mortgage insurance (LMI) provider to Westpac. WLMI had shareholders’ equity of $AUD 285.7 million as of Sept. 30, 2020.
Feb 09, 2021 04:22 pm ET
Arch Capital Group Ltd. Reports 2020 Fourth Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL) announces its 2020 fourth quarter results. The results included:
Jan 21, 2021 04:15 pm ET
Arch Capital Group Ltd. Announces Catastrophe Loss Estimates
Arch Capital Group Ltd. [NASDAQ:ACGL; “the Company”] reports that its 2020 fourth quarter results will be negatively impacted by a set of catastrophe events that occurred during the 2020 fourth quarter, including Hurricanes Delta and Zeta and other minor global events, as well as updated loss estimates for catastrophes that occurred during the 2020 third quarter. As a result, the Company has established a range of pretax catastrophe losses of $155 million to $165 million in the 2020 fourth quarter across its property casualty insurance and reinsurance segments, net of reinsurance recoveries an
Jan 08, 2021 09:00 am ET
Arch Capital Group Ltd. to Report 2020 Fourth Quarter Results on February 9, 2021
Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to release its 2020 fourth quarter results after the close of regular stock market hours on Tuesday, February 9, 2021. The Company will hold a conference call for investors and analysts at 11:00 a.m. Eastern Time on Wednesday, February 10, 2021.
Dec 29, 2020 09:00 am ET
Nicolas Papadopoulo Named President and Chief Underwriting Officer of Arch Capital Group Ltd.
Arch Capital Group Ltd. [NASDAQ: ACGL] today announced that Nicolas Papadopoulo will be promoted to the position of President and Chief Underwriting Officer, effective Jan. 1, 2021. Papadopoulo joined Arch in 2001 and currently serves as Chairman and CEO of Arch Worldwide Insurance Group and Chief Underwriting Officer for Property and Casualty Operations. In his expanded role, Papadopoulo will continue to report to Marc Grandisson, CEO of ACGL, and will have responsibility for Arch’s three operating segments — Insurance, Reinsurance and Mortgage — as well as oversight of the Strategy and Innov
Dec 04, 2020 05:22 pm ET
AM Best Affirms Credit Ratings of Arch Capital Group Ltd. And Its Subsidiaries
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” of Arch Reinsurance Ltd. (Arch) (Bermuda) and its strategic affiliates. Concurrently, AM Best has affirmed the Long-Term ICR of “a-” and the Long-Term Issue Credit Ratings (Long-Term IRs) of Arch Capital Group Ltd. (Arch Capital) (Bermuda) [NASDAQ: ACGL], the ultimate holding company; Arch Capital Group (US) Inc (Delaware); and Arch Capital Finance LLC (Delaware). (See below for a detailed listing of the companies and ratings.) Th
Nov 19, 2020 03:26 pm ET
AM Best Maintains Under Review With Negative Implications Status for Credit Ratings of Watford Re Ltd. and Its Subsidiaries
AM Best has maintained the under review with negative implications status for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Watford Re Ltd. (Watford Re) (Bermuda) and its subsidiaries, Watford Insurance Company Europe Limited (WICE) (Gibraltar), Watford Insurance Company (WIC) (New Jersey) and Watford Specialty Insurance Company (WSIC) (New Jersey). In addition, AM Best has maintained the under review with negative implications status for the Long-Term ICR of “bbb-” and the Long-Term Issue Credit Rating of “bb” on the
Nov 02, 2020 09:20 am ET
Arch Capital Group Ltd. and Watford Holdings Ltd. Enter into Revised Merger Agreement with an All-Cash Offer of $35.00 per Share, Representing a 12.5% Increase Over Prior Agreement
Arch Capital Group Ltd. (NASDAQ: ACGL) (“Arch” or “the Company”) and Watford Holdings Ltd. (NASDAQ: WTRE) (“Watford”) today announced a revised definitive agreement under which Arch will acquire all of the common shares of Watford for an increased price of $35.00 per share. This revised all-cash consideration is valued at approximately $700 million and represents a premium of approximately 96% to Watford’s unaffected closing common share price on September 8, 2020, the last trading day prior to media reports about the possibility of a transaction between Watford and Arch. The transaction is ex
Oct 29, 2020 04:11 pm ET
Arch Capital Group Ltd. Reports 2020 Third Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL) announces its 2020 third quarter results. The results included:
Oct 13, 2020 04:20 pm ET
Arch Capital Group Ltd. Announces Catastrophe Loss Estimates
Arch Capital Group Ltd. [NASDAQ: ACGL; “the Company”] reports that its 2020 third quarter results will be negatively impacted by a set of catastrophe events that occurred during the third quarter, including Hurricanes Isaias, Laura, and Sally, the Derecho Windstorm, California Wildfires and other minor global events. As a result, the Company has established a range of pretax catastrophe losses of $190 million to $210 million in the 2020 third quarter across its property casualty insurance and reinsurance segments, net of reinsurance recoveries and reinstatement premiums.
Oct 12, 2020 08:00 am ET
CORRECTING and REPLACING Arch Capital Group Ltd. to Report 2020 Third Quarter Results on October 29, 2020
The first paragraph has amended dates. The corrected release reads:
Oct 09, 2020 12:43 pm ET
WATFORD ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of WTRE and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Watford Holdings Ltd. (NASDAQ: WTRE) breached their fiduciary duties or violated the federal...
Oct 09, 2020 08:30 am ET
Arch Capital Group Ltd. to Acquire Watford Holdings Ltd. for $31.10 per Common Share in All-Cash Transaction
Arch Capital Group Ltd. (NASDAQ: ACGL) (“Arch” or “the Company”) and Watford Holdings Ltd. (NASDAQ: WTRE) (“Watford”) today announced they have entered into a definitive agreement under which Arch will acquire all the common shares of Watford in an all-cash transaction valued at approximately $622 million. Following closing, which is expected to occur in the first quarter of 2021, Watford will continue to operate as a standalone business and remain consolidated within Arch’s financials.
Oct 08, 2020 02:40 pm ET
Arch Capital Group Ltd. to Report 2020 Third Quarter Results on October 27, 2020
Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to release its 2020 third quarter results after the close of regular stock market hours on Tuesday, October 27, 2020. The Company will hold a conference call for investors and analysts at 11:00 a.m. Eastern Time on Wednesday, October 28, 2020.
Jul 29, 2020 04:11 pm ET
Arch Capital Group Ltd. Reports 2020 Second Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL) announces its 2020 second quarter results. The results included:
Jul 14, 2020 04:05 pm ET
Arch Capital Group Ltd. Announces Updated Catastrophe Loss Estimates
Arch Capital Group Ltd. [NASDAQ: ACGL; “the Company”] 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 segments, net of reinsurance recoveries and reinstatement premiums. Included in these estimates is a range of estimates for exposure to COVID-19 global pandemic claims of $170 million to $180 million, and a range of estimates of $35 million to $45 million for losses related to civil unrest claims across the U.S. and other 2020 second quarter catastrophic events.
Jul 07, 2020 09:00 am ET
Arch Capital Group Ltd. to Report 2020 Second Quarter Results on July 29, 2020
Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to release its 2020 second quarter results after the close of regular stock market hours on Wednesday, July 29, 2020. The Company will hold a conference call for investors and analysts at 11:00 a.m. Eastern Time on Thursday, July 30, 2020.
Jun 23, 2020 07:05 pm ET
Arch Capital Group Ltd. Announces $1.0 Billion Public Offering of Senior Notes
Arch Capital Group Ltd. [NASDAQ: ACGL] (the “Company” or “Arch”) announced today the pricing of an offering of $1,000,000,000 aggregate principal amount of 3.635% senior notes due 2050 (the “Notes”). The Company intends to use the net proceeds of this offering for general corporate purposes. The offering is expected to close on June 30, 2020, subject to customary closing conditions.
May 04, 2020 04:11 pm ET
Arch Capital Group Ltd. Reports 2020 First Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL) announces its 2020 first quarter results. The results included:
Apr 27, 2020 10:00 am ET
Arch Capital Group Ltd. Announces Change to Virtual Meeting and Change of Date and Time for 2020 Annual Meeting of Shareholders
Arch Capital Group Ltd. (NASDAQ:ACGL) announced today that due to the public health impact of the COVID-19 pandemic and to support the health and well-being of its shareholders, employees and directors, as well as their families and communities, it will move the originally planned in-person 2020 Annual Meeting of Shareholders (the “Annual Meeting”) at the Company’s principal executive office, to a virtual meeting via a live webcast.
Apr 15, 2020 05:15 pm ET
Arch Capital Group Ltd. Announces Loss Estimates and Other Information Related to COVID-19 Pandemic
On March 11, 2020, the World Health Organization declared a pandemic in relation to the outbreak of COVID-19. The outbreak is causing unprecedented social disruption, global economic volatility, reduced liquidity of capital markets and intervention by various governments around the world. Arch Capital Group Ltd. [NASDAQ: ACGL; “the Company”] expects impacts on incurred losses and premium volumes on its business given increased market volatility and uncertainty.
Apr 08, 2020 08:50 am ET
Arch Capital Group Ltd. to Report 2020 First Quarter Results on May 4, 2020
Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to release its 2020 first quarter results after the close of regular stock market hours on Monday, May 4, 2020. The Company will hold a conference call for investors and analysts at 11:00 a.m. Eastern Time on Tuesday, May 5, 2020.
Mar 31, 2020 12:00 pm ET
Arch Capital Group Ltd. Releases First Sustainability Report
Arch Capital Group Ltd. [NASDAQ: ACGL] has released its first corporate sustainability report. The report highlights the company’s key environmental, social and governance (ESG) priorities and goals and how they impact the company’s investors, employees, regulators and other stakeholders. The report is focused on the three areas that drive meaningful ESG integration in Arch’s business: investing in the success of employees, building stronger communities through specialized insurance products, and generosity and operating sustainably and responsibly.
Feb 25, 2020 02:03 am ET
Arch Capital Group Ltd. to Obtain Minority Stake in Coface
Arch Capital Group Ltd. [NASDAQ: ACGL] 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.
Feb 11, 2020 04:31 pm ET
Arch Capital Group Ltd. Reports 2019 Fourth Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL) announces its 2019 fourth quarter results. The results included:
Jan 08, 2020 10:30 am ET
Arch Capital Group Ltd. to Report 2019 Fourth Quarter Results on February 11, 2020
Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to release its 2019 fourth quarter results after the close of regular stock market hours on Tuesday, February 11, 2020. The Company will hold a conference call for investors and analysts at 11:00 a.m. Eastern Time on Wednesday, February 12, 2020.
Nov 29, 2019 01:10 pm ET
Arch Capital Group Ltd. Closes Acquisition of Barbican Group Holdings Limited
Arch Capital Group Ltd. [NASDAQ: ACGL] today announced the completion of its previously disclosed acquisition of Barbican Group Holdings Limited (Barbican), including Barbican Managing Agency Limited, Lloyd’s Syndicate 1955, Castel Underwriting Agencies Limited (Castel) and other associated entities.
Nov 21, 2019 04:08 pm ET
Arch Capital Group Ltd. Appoints Moira Kilcoyne and Thomas Watjen to Board of Directors
Arch Capital Group Ltd. [NASDAQ: ACGL] today announced that Moira Kilcoyne and Thomas Watjen will be appointed to the Company’s Board of Directors, effective Jan. 1, 2020.
Oct 29, 2019 04:04 pm ET
Arch Capital Group Ltd. Reports 2019 Third Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL) announces its 2019 third quarter results. The results included:
Oct 17, 2019 10:18 am ET
AM Best Affirms Credit Ratings of Arch Capital Group Ltd. and Its Subsidiaries
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” of Arch Reinsurance Ltd. (Arch) (Bermuda) and its strategic affiliates. Concurrently, AM Best has affirmed the Long-Term ICR of “a-” and the Long-Term Issue Credit Ratings (Long-Term IRs) of Arch Capital Group Ltd. (Arch Capital) (Bermuda) [NASDAQ: ACGL], the ultimate holding company; Arch Capital Group (US) Inc (Delaware); and Arch Capital Finance LLC (Delaware). (See below for a detailed listing of the companies and ratings.) Th
Oct 10, 2019 01:00 pm ET
Arch Insurance Announces Family & Medical Leave Product for Employers as Alternative to Massachusetts State Sponsored Plan
Arch Insurance today announced it is offering a Paid Family Medical Leave (PFML) product to employers in Massachusetts in response to new state legislation mandating that all employers make available paid family and medical leave coverage for every worker in the state.
Oct 07, 2019 04:30 pm ET
Arch Capital Group Ltd. Announces Catastrophe Loss Estimates
Arch Capital Group Ltd. [NASDAQ: ACGL] today announced it expects to report third quarter 2019 pre-tax catastrophe losses of approximately $65 million to $75 million, net of reinsurance recoveries and reinstatement premiums. These losses are primarily from Hurricane Dorian and Typhoon Faxai. At this time, there are significant uncertainties surrounding the scope of damage for these events, as well as the other global events. The Company’s estimate for these events is based on currently available information derived from modeling techniques, industry assessment of exposure, preliminary claims i
Sep 19, 2019 02:00 pm ET
Arch Capital Group Ltd. to Report 2019 Third Quarter Results on October 29, 2019
Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to release its 2019 third quarter results after the close of regular stock market hours on Tuesday, October 29, 2019. The Company will hold a conference call for investors and analysts at 11:00 a.m. Eastern Time on Wednesday, October 30, 2019.
Jul 30, 2019 04:01 pm ET
Arch Capital Group Ltd. to Acquire Barbican Group Holdings Limited
Arch Capital Group Ltd. [NASDAQ: ACGL] has entered into an agreement to purchase Barbican Group Holdings Limited (“Barbican”) from funds managed by Carlson Capital, a U.S.-based alternative asset management firm, subject to regulatory approval.
Jul 29, 2019 04:44 pm ET
ARCH Capital Group Ltd. Reports 2019 Second Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL) announces its 2019 second quarter results. The results included:
Jul 16, 2019 12:40 pm ET
CORRECTING and REPLACING Arch Capital Group Ltd. to Report 2019 Second Quarter Results on July 29, 2019
The second sentence of the first paragraph has an amended conference call time of 9:00 a.m. Eastern Time and now reads: The Company will hold a conference call for investors and analysts at 9:00 a.m. Eastern Time on Tuesday, July 30, 2019.
Apr 30, 2019 04:45 pm ET
Arch Capital Group Ltd. Reports 2019 First Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL) announces its 2019 first quarter
results. The results included:
Mar 26, 2019 11:00 am ET
Arch Capital Group Ltd. to Report 2019 First Quarter Results on April 30, 2019
Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to
release its 2019 first quarter results after the close of regular stock
market hours on Tuesday, April 30, 2019. The Company will hold a
conference call for investors and analysts at 11:00 a.m. Eastern Time on
Wednesday, May 1, 2019.
Mar 21, 2019 04:01 pm ET
Arch Capital Group Ltd. Announces John Pasquesi to Succeed Constantine Iordanou as Chairman of the Board of Directors in September 2019
Arch Capital Group Ltd. (NASDAQ:ACGL) today announced that John Pasquesi
will succeed Constantine “Dinos” Iordanou as Chairman of its Board of
Directors in September upon the completion of Mr. Iordanou’s term.
Mar 04, 2019 12:00 am ET
Detailed Research: Economic Perspectives on Huntsman, eHealth, Ionis Pharmaceuticals, Arch Capital Group, Copart, and Acorda Therapeutics — What Drives Growth in Today's Competitive Landscape
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Huntsman Corporation (NYSE:HUN), eHealth, Inc. (NASDAQ:EHTH), Ionis...
Mar 01, 2019 09:15 am ET
Arch Capital Group Ltd. Announces Strategic Leadership Changes
Arch Capital Group Ltd. [NASDAQ: ACGL] today announced that Andrew
Rippert has been named Chief Innovation and Strategic Investment
Officer, reporting to ACGL President and CEO Marc Grandisson. Mr.
Rippert joined Arch in 2010 and most recently served as CEO of the
Global Mortgage Group for ACGL. In this newly created role, he will be
responsible for pursuing innovative business models and developing a
pipeline of creative products, services and untapped markets to deliver
future revenue streams across all business lines. Mr. Rippert will
Feb 12, 2019 04:04 pm ET
Arch Capital Group Ltd. Reports 2018 Fourth Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL) announces its 2018 fourth quarter
results. The results included:
Jan 10, 2019 04:05 pm ET
Arch Capital Group Ltd. Announces Updated Catastrophe Loss Estimates and Other Information Related to Operations
During the fourth quarter of 2018, there were a number of catastrophes
around the globe, including Hurricane Michael, wildfires in California
and a series of smaller events. Arch Capital Group Ltd. [NASDAQ: ACGL]
has established a range of pre-tax losses of $110 million to $130
million for these events, net of reinsurance recoveries and
reinstatement premiums. For clarity, this estimated range incorporates
and updates the $40 million to $60 million range previously disclosed by
the Company in its Quarterly Report on Form 10-Q for the 2018 third
Jan 09, 2019 05:15 pm ET
Arch Capital Group Ltd. to Report 2018 Fourth Quarter Results on February 12, 2019
Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to
release its 2018 fourth quarter results after the close of regular stock
market hours on Tuesday, February 12, 2019. The Company will hold a
conference call for investors and analysts at 11:00 a.m. Eastern Time on
Wednesday, February 13, 2019.
Dec 06, 2018 10:35 am ET
Arch Insurance Announces Closing of Acquisition of McNeil & Co.
Arch Capital Group Ltd. [NASDAQ: ACGL] today announced the completion of
its previously disclosed acquisition of McNeil & Co. (“McNeil”), a
nationwide leader in specialized risk management and insurance programs.
Nov 02, 2018 08:15 am ET
Report: Developing Opportunities within General Electric, Arch Capital Group, China Petroleum & Chemical, Alexion Pharmaceuticals, GAIN Capital, and Sony — Future Expectations, Projections Moving into
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of General Electric Company (NYSE:GE), Arch Capital Group Ltd....
Nov 01, 2018 09:00 am ET
Arch Insurance to Acquire McNeil & Co.
Arch Capital Group Ltd. (NASDAQ:ACGL) today announced it has entered
into a definitive agreement to acquire McNeil & Co. (“McNeil”), a
nationwide leader in specialized risk management and insurance programs
headquartered in Cortland, New York. Terms of the transaction were not
disclosed.
Oct 30, 2018 04:04 pm ET
Arch Capital Group Ltd. Reports 2018 Third Quarter Results
Arch Capital Group Ltd. (NASDAQ:ACGL) announces its 2018 third quarter
results. The results included:
Oct 11, 2018 01:24 pm ET
A.M. Best Revises Outlooks to Stable for Arch Reinsurance Ltd. and Its Subsidiaries
A.M. Best has revised the outlooks to stable from negative and
affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the
Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” of Arch
Reinsurance Ltd. (Arch) (Bermuda) and its strategic affiliates.
A.M. Best also has revised the outlooks to stable from negative and
affirmed the Long-Term ICR of “a-” and all Long-Term Issue Credit
Ratings (Long-Term IRs) of the ultimate holding company, Arch Capital
Group Ltd (Arch Capital) (Bermuda) (NASDAQ:ACGL), and Arch
Oct 03, 2018 12:03 pm ET
Arch Capital Group Ltd. to Report 2018 Third Quarter Results on October 30, 2018
Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to
release its 2018 third quarter results after the close of regular stock
market hours on Tuesday, October 30, 2018. The Company will hold a
conference call for investors and analysts at 11:00 a.m. Eastern Time on
Wednesday, October 31, 2018.
Sep 26, 2018 08:00 am ET
Research Report Identifies EnLink Midstream Partners, LP, Methanex, Novo Nordisk A/S, Magellan Midstream Partners, Arch Capital Group, and KT with Renewed Outlook — Fundamental Analysis, Calculating F
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of EnLink Midstream Partners, LP (NYSE:ENLK), Methanex Corporation...
Jul 31, 2018 04:11 pm ET
Arch Capital Group Ltd. Reports 2018 Second Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL) announces its 2018 second quarter
results. The results included:
Jul 05, 2018 04:05 pm ET
Arch Capital Group Ltd. to Report 2018 Second Quarter Results on July 31, 2018
Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to
release its 2018 second quarter results after the close of regular stock
market hours on Tuesday, July 31, 2018. The Company will hold a
conference call for investors and analysts at 11:00 a.m. Eastern Time on
Wednesday, August 1, 2018.
Jun 11, 2018 11:48 am ET
Arch Capital Group Ltd. Announces Approval of Three-for-One Share Split
Arch Capital Group Ltd. [NASDAQ: ACGL] previously announced in a report
on Form 8-K filed with the SEC on May 15, 2018, that its shareholders
approved an amendment to the Company’s Memorandum of Association to
effect a three-for-one split of the Company’s common shares. Holders of
common shares as of the close of business on June 18, 2018 (the record
date) will receive two additional common shares for each common share
owned. Shareholders’ accounts will be credited with the additional
shares on or about June 20, 2018. On or about June 21, 2018,
Jun 07, 2018 04:00 am ET
Arch Insurance Company (Europe) Limited and Alwyn Insurance Company Limited to Write EU Business from Ireland
Arch Capital Group Ltd. [NASDAQ: ACGL] (Arch) has announced plans to
expand the group’s underwriting operations in Ireland to ensure
continuity of its operations across the European Union (EU) once the
United Kingdom leaves the EU.
Jun 01, 2018 07:55 am ET
Consolidated Research: 2018 Summary Expectations for Seaspan, Canadian Imperial Bank of Commerce, Bank Of Montreal, Fomento Economico Mexicano S.A.B. de C.V, Xcerra, and Arch Capital Group — Fundament
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Seaspan Corporation (NYSE:SSW), Canadian Imperial Bank of Commerce...
May 14, 2018 04:30 pm ET
Arch Capital Group Ltd. Names François Morin Executive Vice President and Chief Financial Officer
Arch Capital Group Ltd. [NASDAQ: ACGL] today announced François Morin
will assume the role of Executive Vice President and Chief Financial
Officer of the Company effective May 25, 2018. He will report to Marc
Grandisson, President and Chief Executive Officer of ACGL. Mr. Morin
will replace outgoing Chief Financial Officer Mark Lyons, who is leaving
Arch to become Senior Vice President and Chief Actuary, General
Insurance at AIG in New York.
May 01, 2018 04:02 pm ET
Arch Capital Group Ltd. Reports 2018 First Quarter Results
Arch Capital Group Ltd. (NASDAQ:ACGL) reports that net income available
to Arch common shareholders for the 2018 first quarter was $137.3
million, or $0.99 per share, compared to $241.9 million, or $1.74 per
share, for the 2017 first quarter. The Company’s net income available to
Arch common shareholders produced an annualized return on average common
equity of 6.6% for the 2018 first quarter, compared to 12.6% for the
2017 first quarter. All earnings per share amounts discussed in this
release are on a diluted basis. The Company’s book value pe
Apr 13, 2018 07:55 am ET
Factors of Influence in 2018, Key Indicators and Opportunity within Dorman Products, Arch Capital Group, Acacia Communications, UROGEN PHARMA, CyrusOne, and TCP Capital — New Research Emphasizes Econo
NEW YORK, April 13, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Dorman Products, Inc. (NASDAQ:DORM), Arch Capital...
Mar 29, 2018 11:20 am ET
Arch Capital Group Ltd. to Report 2018 First Quarter Results on May 1, 2018
Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to
release its 2018 first quarter results after the close of regular stock
market hours on Tuesday, May 1, 2018. The Company will hold a conference
call for investors and analysts at 11:00 a.m. Eastern Time on Wednesday,
May 2, 2018.
Mar 13, 2018 05:26 pm ET
Arch Capital Group Ltd. Confirms Participation in Freddie Mac’s New Mortgage Pilot Program
Arch Capital Group Ltd. [NASDAQ:ACGL], a globally diversified mortgage
and property/casualty insurer and reinsurer, is committed towards
delivering traditional and innovative mortgage risk transfer products
that provide meaningful and affordable capacity to the U.S. housing
sector.
Mar 13, 2018 01:25 pm ET
Arch Capital Group Ltd. Announces Closing of Secondary Public Offering of 5,674,200 Common Shares
Arch Capital Group Ltd. [NASDAQ: ACGL] announced today that an
underwritten public secondary offering of 5,674,200 common shares by
certain selling shareholders affiliated with American International
Group, Inc. (collectively, the “Selling Shareholder”) has closed. The
public offering price is $88.55 per common share for an aggregate public
offering price of $502,450,410. Proceeds from the sale of common shares
pursuant to the public offering will be received by the Selling
Shareholder. The Company will not receive any proceeds from the sale of
Mar 13, 2018 08:10 am ET
Detailed Research: Economic Perspectives on GRIDSUM HOLDING, Booking, POSCO, Codexis, Third Point Reinsurance, and Arch Capital Group — What Drives Growth in Today's Competitive Landscape
NEW YORK, March 13, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of GRIDSUM HOLDING (NASDAQ:GSUM), Booking Holdings Inc....
Mar 09, 2018 09:05 am ET
Arch Capital Group Ltd. Announces Pricing of Secondary Public Offering of 5,674,200 Common Shares
Arch Capital Group Ltd. [NASDAQ: ACGL] announced today an underwritten
public secondary offering of 5,674,200 common shares by certain selling
shareholders affiliated with American International Group, Inc.
(collectively, the “Selling Shareholder”) has priced. The public
offering price is $88.55 per common share for an aggregate public
offering price of $502,450,410. Proceeds from the sale of common shares
pursuant to the public offering will be received by the Selling
Shareholder. The Company will not receive any proceeds from the sale of
Mar 08, 2018 05:14 pm ET
Arch Capital Group Ltd. Announces Secondary Public Offering of 5,674,200 Common Shares
Arch Capital Group Ltd. [NASDAQ: ACGL] announced today an underwritten
public secondary offering of 5,674,200 common shares by certain selling
shareholders affiliated with American International Group, Inc.
(collectively, the “Selling Shareholder”). Proceeds from the sale of
common shares pursuant to the public offering will be received by the
Selling Shareholder. The Company will not receive any proceeds from the
sale of common shares pursuant to the public offering.
Feb 12, 2018 04:05 pm ET
Arch Capital Group Ltd. Reports 2017 Fourth Quarter Results
Arch Capital Group Ltd. (NASDAQ:ACGL) reports that net income available
to Arch common shareholders for the 2017 fourth quarter was $203.5
million, or $1.46 per share, compared to $62.4 million, or $0.50 per
share, for the 2016 fourth quarter. For the year ended December 31,
2017, the Company reported net income available to Arch common
shareholders of $566.5 million, or $4.07 per share, compared to $664.7
million, or $5.33 per share, for the 2016 period. The Company’s net
income available to Arch common shareholders produced an annualized
Jan 09, 2018 04:46 pm ET
Arch Capital Group Ltd. Announces Updated Catastrophe Loss Estimates and Other Information Related to Operations
During the fourth quarter of 2017, a series of wildfires burned across
many areas of California and a series of smaller catastrophe events
occurred around the globe. Arch Capital Group Ltd. [NASDAQ: ACGL] has
established a range of pre-tax losses of $60 million to $75 million, net
of reinsurance recoveries and reinstatement premiums, for these 2017
fourth quarter catastrophic events. For clarity, this estimated range
incorporates and updates the $30 million to $55 million range previously
disclosed by the Company in its Quarterly Report on Form
Jan 09, 2018 08:47 am ET
Arch Capital Group Ltd. to Report 2017 Fourth Quarter Results on February 12, 2018
Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to
release its 2017 fourth quarter results after the close of regular stock
market hours on Monday, February 12, 2018. The Company will hold a
conference call for investors and analysts at 11:00 a.m. Eastern Time on
Tuesday, February 13, 2018.
Dec 01, 2017 04:14 pm ET
Arch Capital Group Ltd. Announces Closing of Public Offering of 4,000,000 Depositary Shares Representing Series F Preferred Shares and Redemption of Outstanding 6.75% Series C Non-Cumulative Preferred
Arch Capital Group Ltd. [NASDAQ:ACGL] announced today that it has closed
its previously announced underwritten public offering of 4,000,000
Depositary Shares, each of which represents a 1/1,000th
interest in a 5.45% Non-Cumulative Preferred Share, Series F, of ACGL
(the Series F Preferred Shares). This offering is an additional issuance
of its Series F Preferred Shares originally issued in August of 2017.
The additional Depositary Shares have been listed on NASDAQ, under the
existing symbol “ACGLO.”
Nov 29, 2017 02:30 pm ET
Arch Capital Group Ltd. Announces Public Offering of 4,000,000 Depositary Shares Representing Series F Preferred Shares
Arch Capital Group Ltd. (NASDAQ:ACGL) announced today that it has priced
an underwritten public offering of 4,000,000 Depositary Shares, each of
which represents a 1/1,000th interest in a 5.45%
Non-Cumulative Preferred Share, Series F, of ACGL (the Series F
Preferred Shares). The public offering price is $25.16 per Depositary
Share for an aggregate public offering price of $100,640,000, including
accrued dividends of $0.39 per Depositary Share. This offering is an
additional issuance of its Series F Preferred Shares originally issued
Nov 29, 2017 08:25 am ET
Arch Capital Group Ltd. Announces Public Offering of Depositary Shares Representing Series F Preferred Shares
Arch Capital Group Ltd. [NASDAQ: ACGL] announced today that it has
launched an underwritten public offering to sell Depositary Shares, each
of which will represent a 1/1,000th interest in a
Non-Cumulative Preferred Share, Series F, of ACGL (the Series F
Preferred Shares). This offering is an additional issuance of its Series
F Preferred Shares originally issued in August of 2017. Upon closing,
the additional Depositary Shares will be listed on NASDAQ, under the
existing symbol “ACGLO.”
Nov 03, 2017 08:50 am ET
Arch Capital Group Ltd. Announces Resignation of Kewsong Lee from the Board of Directors
Arch Capital Group Ltd. (NASDAQ:ACGL) today announced that Kewsong Lee
has resigned from its Board of Directors because of the expansion of his
duties at Carlyle Group LP following his recent promotion to co-CEO
effective January 1, 2018.
Oct 25, 2017 04:18 pm ET
Arch Mortgage Insurance Secures $368 Million of Indemnity Reinsurance from a Rated Insurance-Linked Note Transaction
Arch Capital Group Ltd. [NASDAQ: ACGL] announced today that its mortgage
insurance (MI) business obtained $368 million of indemnity reinsurance
from Bellemeade Re 2017-1 Ltd., a special purpose insurer. The
reinsurance is for a portfolio of MI policies issued by Arch MI from
January through June of this year (2017). This transaction marks the
first time that Arch’s Mortgage Group has accessed the capital markets
for a risk transfer involving a mortgage insurance portfolio, as well as
the first time any mortgage insurance-linked note in the indus
Oct 25, 2017 04:03 pm ET
Arch Capital Group Ltd. Reports 2017 Third Quarter Results
Arch Capital Group Ltd. (NASDAQ:ACGL) reports that, as a result of the
significant level of catastrophic event activity in the 2017 third
quarter, the Company incurred a net loss to Arch common shareholders of
$52.8 million, or $0.39 per share, compared to net income available to
Arch common shareholders of $247.4 million, or $1.98 per share, for the
2016 third quarter. For the nine months ended September 30, 2017, the
Company reported net income available to Arch common shareholders of
$363.0 million, or $2.61 per share, compared to $602.3 mill
Oct 12, 2017 04:01 pm ET
Arch Capital Group Ltd. Announces Preliminary Catastrophe Loss Estimates
Arch Capital Group Ltd. [NASDAQ: ACGL] today announced that the
Company’s 2017 third quarter results will be negatively impacted by a
set of catastrophic events that occurred during the third quarter,
including Hurricanes Harvey, Irma and Maria, along with the Mexican
earthquakes, and other more minor global events. We have established an
after-tax preliminary range of $285 million to $345 million for the
totality of these catastrophic events across our operating segments, net
of reinsurance and reinstatement premiums. Due to the mix of estimate
Oct 11, 2017 08:44 am ET
Arch Capital Group Ltd. Announces Worldwide Reinsurance Group Senior Management Changes
Arch Capital Group Ltd. [NASDAQ: ACGL] today announced a number of
senior management changes in its Worldwide Reinsurance Group. Jerome
Halgan, currently the President and Chief Executive Officer of Arch
Reinsurance Company in the U.S., has been promoted to the role of Chief
Executive Officer of Arch Reinsurance Ltd. in Bermuda. Matt Dragonetti,
currently Head of Property at Arch Reinsurance Ltd., will take on the
additional role of President. In another change at Arch Reinsurance
Ltd., Michelle Seymour-Smith will assume the role of Chief Operat
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