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Arch Capital Group

Arch reports decline in net income as CR deteriorates to 101.8% in Q2

30th July 2020

Arch Capital Group Ltd. has announced net income of $288.4 million for the second-quarter of 2020, while the insurer and reinsurer's combined ratio deteriorated year-on-year to 101.8%. Net income declined from the $458.6 million posted in the second-quarter of 2019, while the combined ratio jumped by more than 21 percentage points ... Read the full article

Arch sees Q2 cat losses at up to $225mn

15th July 2020

Arch Capital Group Ltd. has announced estimated pre-tax net catastrophe losses of $205 million to $225 million across its property casualty insurance and reinsurance operations in the second-quarter of 2020. The Bermuda-based insurer and reinsurer's Q2 catastrophe loss range is net of reinsurance recoveries and reinstatement premiums, and includes the impacts ... Read the full article

Capsicum Re helps Arch secure additional mortgage reinsurance

2nd July 2020

Arch Mortgage Insurance Company (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., has secured $528 million of indemnity reinsurance via a mortgage insurance-linked note (ILN) transaction and direct reinsurance. The $528 million of mortgage reinsurance covers a pool representing around $44 billion of mortgages for Arch MI, and ... Read the full article

Arch Capital raising $1bn with senior debt issuance

25th June 2020

Bermuda-based re/insurer Arch Capital Group has priced $1 billion of 3.635% senior notes as it looks to raise funds for general corporate purposes. This move effectively sees Arch join a number of other companies looking to capitalise on a firming re/insurance marketplace. For Arch, raising capital could be considered important following ... Read the full article

Arch promotes Croome and Biggas at Syndicate 12

28th April 2020

Arch Insurance International, a division of Arch Capital Group Ltd., has announced the promotion of both James Croome and Marie Biggas at Arch Syndicate 2012. Croome has been promoted to Active Underwriter and Biggas to Deputy Active Underwriter and, both new roles are in addition to their existing underwriting management roles ... Read the full article

Arch sees Q1 COVID-19 losses at up to $145m across P/C & mortgage

16th April 2020

Bermuda-based insurer and reinsurer, Arch Capital Group Ltd., has announced estimated pre-tax losses of up to $95 million across its property casualty insurance and reinsurance segments, and losses of up to $50 million in its mortgage segment, as a result of the impacts of the COVID-19 pandemic. Arch has underlined the ... Read the full article

Arch Capital acquiring 29.5% stake in trade-credit insurer Coface

25th February 2020

Arch Capital Group Ltd., the Bermuda headquartered insurance and reinsurance specialist, is acquiring a majority stake in France-based trade-credit insurance firm Coface. Arch Capital has entered into a share purchase agreement with French corporate and investment bank Natixis, which has been selling down its majority stake in Coface. The sale of shares ... Read the full article

Arch’s reinsurance result more than offsets insurance segment loss in Q4

12th February 2020

Arch Capital Group Ltd. has reported an improved combined ratio of 83.8% for the fourth-quarter of 2019, as underwriting income in its reinsurance segment more than offset a loss in the re/insurer's insurance division. The company's combined ratio improved by four percentage points when compared with the 87.8% recorded in the ... Read the full article

Arch promotes Prashant Nema to Chief Information Officer

27th January 2020

Bermuda-based insurer and reinsurer, Arch Capital Group Ltd., has announced the promotion of Prashant Nema to Group Chief Information Officer (CIO). Most recently, Nema served as Senior Vice President (SVP), Divisional CIO for Insurance and U.S. Mortgage Insurance at Arch, and has been with the firm since October of 2015. Prior to ... Read the full article

Arch completes acquisition of Barbican

2nd December 2019

Bermuda-based re/insurance company Arch Capital Group has completed its acquisition of Barbican Group Holdings Limited from owner investor Carlson Capital. The deal, first announced in July 2019, is expected to provide a significant expansion to Arch’s London and Lloyd’s related insurance and reinsurance underwriting operations. As part of the acquisition, Arch ... Read the full article

Arch adds Kilcoyne and Watjen to Board of Directors

22nd November 2019

Bermudian insurer and reinsurer, Arch Capital Group Ltd. has announced the addition of Moira Kilcoyne and Thomas Watjen to its Board of Directors, effective January 1st, 2020. Kilcoyne brings extensive experience in the technology and financial services sectors to Arch Capital Group, which includes serving as Co-Chief Information Officer (CIO) of ... Read the full article

Arch sees Q3 income up despite re/insurance underwriting hit

30th October 2019

Bermuda-based re/insurance provider Arch Capital Group has reported $382.1 million of net income for the third quarter - up from $217 million in Q3 2018 - despite underwriting losses in its insurance and reinsurance segments. Meanwhile, pre-tax current accident year catastrophe losses, net of reinsurance and reinstatement premiums, have been pegged ... Read the full article

Arch secures $577m of mortgage reinsurance from capital markets

18th October 2019

Arch Capital Group’s US mortgage insurance subsidiary, Arch Mortgage Insurance Company, has secured $577 million of indemnity mortgage reinsurance protection. This transaction, which covers a pool representing $7.2 billion of mortgages from special purpose reinsurer Bellemeade Re 2019-4 Ltd.,is Arch’s fourth of 2019; representing the most Insurance Linked-Note transactions ever conducted ... Read the full article

Arch acquiring Barbican, expanding London & Lloyd’s footprint

31st July 2019

Bermuda-based re/insurance company Arch Capital Group said yesterday that it has entered into an agreement to acquire Barbican Group Holdings Limited from owner investor Carlson Capital. For Arch Capital, the move will provide a significant expansion to its London and Lloyd's related specialty insurance and reinsurance underwriting operations, given the acquisition ... Read the full article

Arch’s underwriting income improves on reinsurance and mortgage business

30th July 2019

Insurer and reinsurer Arch Capital Group Ltd. has reported a 2.3% improvement in its combined ratio to 80.4% for the second-quarter of 2019, underpinned by a 24.5% improvement in underwriting income driven by its reinsurance and mortgage segments. Overall, underwriting income reached $293 million in the second-quarter of 2019, compared with ... Read the full article

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