Arch Capital Group News

AXIS Capital Could Attract Offer From Arch Capital: Report

AXIS Capital Holdings Ltd. climbed in New York trading on Wednesday after “Insurance Insider” reported that the company, which has agreed to merge with PartnerRe Ltd., could draw a bid from Arch Capital Group Ltd. AXIS could attract an offer if its …

Arch Capital Posts $277.9 Million Q1 2015 Net Income

Bermuda-based Arch Capital Group Ltd. reported 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 Q1 2014. The Company also …

Hedge Fund-Backed Bermuda Ventures Could Be at Risk From IRS

Investment vehicles set up by Paulson & Co. and Highbridge Capital Management in tax-friendly Bermuda may be under threat from the U.S. Internal Revenue Service. The IRS, in proposed rules published Thursday, said that the favorable treatment enjoyed by insurers …

Arch Reports Q4 Net Income of $209.7 Million; $812.4 Million for 2014

Arch Capital Group Ltd., a Bermuda-based insurance and reinsurance company, 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 …

Arch Reinsurance to Provide Additional Strategic Support for Gulf Re

Arch Reinsurance Ltd. has announced a number of strategic initiatives to provide additional support to Gulf Reinsurance Ltd., a specialty reinsurer based in the Dubai International Financial Centre, founded jointly by Arch and Gulf Investment Corporation (GIC) in 2008. Arch …

Arch Capital Posts $202.5 Million Q2 Net Income; $160.7 Million Operating

Arch Capital Group Ltd. reported 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 …

Arch Capital Closes Acquisition of CMG Mortgage Insurance, PMI Operating Platform

The Bermuda-based Arch Capital Group Ltd. (ACGL) announced that its “U.S.-based subsidiaries (Arch U.S. MI) have completed the acquisition of CMG Mortgage Insurance Company (CMG MI) and the mortgage insurance operating platform of PMI Mortgage Insurance Co. (PMI). As part …