Latest Arch Capital Group Headlines
All the headlines from our Arch Capital Group Topic Page, ordered by recency.
Arch Capital Estimates Q3 Catastrophe Losses Could Hit $560 Million
Oct 19 2022 // Arch Capital Group Ltd., the Bermuda-based re/insurer, reports that its 2022 third quarter results will be negatively affected by claims from global catastrophe events such as Hurricane Ian, U.S. convective storms, Typhoon...
People Moves: Arch Insurance Int’l Names AXA XL’s Longley as Head of Professional Indemnity; WTW Direct & Facultative Taps AGCS’ De Jager for European Property
Jun 21 2022 // This edition of Internationl People Moves details appointments at Arch Insurance International and Willis Towers Watson (WTW). A summary of these new hires follows here. Arch Insurance Int’l Names AXA XL’s...
People Moves: Miller Taps WTW’s Power, Besso’s Harvey for Professional Risks; Arch Insurance Int’l Appoints Underwriters Barattini and Smith
Apr 21 2022 // This edition of International People Moves details appointments at the insurance broker Miller and insurer Arch Insurance International. A summary of these new hires follows here. Miller Taps WTW’s Power,...
People Moves: Lockton Hires Starr Cos.’ Shephard for Aviation; Arch Promotes Bonneau; AXA XL Names Zhou, Lui as Energy U/Ws in Canada
Mar 7 2022 // This edition of International People Moves details appointments at Lockton, Arch Insurance International and AXA XL. A summary of these new hires follows here. Lockton Hires Starr Cos.’ Shephard for Aviation Carl...
RenaissanceRe and Arch Capital Estimate Impact of Q3 Natural Catastrophes
Oct 13 2021 // RenaissanceRe Holdings Ltd. estimated losses from certain catastrophe events will have a net negative impact of approximately $725 million on the company’s third quarter 2021 results. This estimate is primarily...
Arch Capital Closes Acquisition of Westpac Lenders Mortgage Insurance
Sep 1 2021 // Bermuda-based Arch Capital Group Ltd. has completed its acquisition of Australia’s Westpac Lenders Mortgage Insurance Limited (WLMI), With the transaction complete, Arch said it will combine the operations of WLMI...
Arch Capital Group Closes $700 Million Acquisition of Watford Holdings
Jul 6 2021 // Bermuda-based Arch Capital Group Ltd., along with investment partners Kelso & Company and Warburg Pincus, announced the completion of the previously disclosed acquisition of Watford Holdings Ltd. Watford and Arch...
Arch Capital Estimates Q1 Catastrophe Losses Could Reach $190 Million
Apr 19 2021 // Arch Capital Group Ltd. estimated a range of pretax catastrophe losses of $180 million to $190 million for the first quarter across its property casualty insurance and reinsurance segments. A major reason for the claims...
Assoc. of Bermuda Insurers and Reinsurers Elects Arch Capital’s Grandisson as Chair
Jan 7 2021 // The Association of Bermuda Insurers and Reinsurers (ABIR) announced its biennial election of officers for 2021-2022. New ABIR officers elected to Bermuda’s leading international insurers and reinsurers industry...
Papadopoulo Promoted to President, Chief Underwriting Officer of Arch Capital Group
Dec 29 2020 // Arch Capital Group Ltd. (ACGL) 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...
Arch Insurance International Renames Barbican Syndicate 1955
Dec 9 2020 // Arch Insurance International has announced the change of name of Barbican Syndicate 1955 to Arch Syndicate 1955, with effect from Jan. 1, 2021. The rebranding of Syndicate 1955 forms part of the ongoing integration of...
Arch Insurance N. America Hires Former Guarantee CEO Ruschak as EVP, Surety
Nov 17 2020 // Arch Insurance North America announced that Stephen Ruschak has been hired as executive vice president, Surety. Ruschak most recently was chief executive officer of The Guarantee Company of North America. In this role,...
Arch Capital to Buy Watford for $700M in Cash, with Support from Former Rival Enstar
Nov 3 2020 // Arch Capital Group Ltd. and Watford Holdings Ltd. announced a revised definitive agreement under which Arch will acquire all of the common shares of Watford for $35.00 per share, in an all-cash offer valued at...
Enstar Offers $34.50 per Share for Watford Holdings, Surpassing Arch Capital’s Bid
Oct 20 2020 // Watford Holdings Ltd.’s board of directors announced they are considering an acquisition offer of $34.50 per share from Enstar Group which could be a “superior proposal” to the recent offer from Arch...
Arch Capital Group Estimates Q3 Natural Catastrophe Losses of $190M-$210M
Oct 14 2020 // Arch Capital Group Ltd. estimates its pretax third quarter natural catastrophe losses could range from $190 million to $210 million. These catastrophe events include Hurricanes Isaias, Laura, and Sally, as well as the...
Arch Capital Bests Enstar with Offer to Acquire Watford for $622 Million
Oct 9 2020 // Arch Capital Group Ltd., which had been reported to be pursuing a deal, has agreed acquire all the common shares of Watford Holdings Ltd. in an all-cash transaction valued at approximately $622 million, or $31.10 per...
Arch Insurance Forms Single Managing Agency to Manage 4 Lloyd’s Operations
Sep 23 2020 // Arch Insurance International has formed Arch Managing Agency Limited to mange its Lloyd’s units. Arch Managing Agency Limited, which brings together Arch Underwriting at Lloyd’s and Barbican Managing Agency...
Arch Capital Leads Group in $500 Million Bid for Reinsurer Watford: Reuters
Sep 9 2020 // A consortium led by insurer Arch Capital Group Ltd. has made an approximately $500 million offer to acquire reinsurance firm Watford Holdings Ltd , people familiar with the matter said on Tuesday. The bid comes more than a...
Arch Insurance International Appoints Leadership Team for Syndicate 1955
Jun 5 2020 // Arch Insurance International, part of Arch Capital Group Ltd., has today announced the appointment of Simon Williams to the position of active underwriter, Syndicate 1955. He will be supported by David Slade as deputy...
Arch Capital’s Estimated COVID-19 Losses During 1st Quarter Could Hit $145 Million
Apr 16 2020 // Arch Capital Group Ltd. said its estimated pre-tax losses for claims incurred due to the COVID-19 pandemic could reach $145 million. Breaking down the total, Arch said COVID-19 claims across its property casualty insurance...
