Latest Arch Capital Group Headlines
All the headlines from our Arch Capital Group Topic Page, ordered by recency.
AIG Names McElroy from Arch as CEO of Lexington Insurance Co.
Aug 2 2018 // American International Group Inc. announced that David H. McElroy will join the company as chief executive officer of Lexington Insurance Co. at a date to be determined. McElroy will lead Lexington Insurance Co. and report...
Arch Capital to Open Headquarters in North Carolina
Jul 31 2018 // Arch Capital Group Ltd. (ACGL), a globally diversified financial services group providing insurance, reinsurance and mortgage insurance, will open an operational hub in Raleigh, N.C., and create 365 new jobs over four...
Arch Capital Chooses Dublin for Its Post-Brexit EU Headquarters
Jun 11 2018 // Bermuda-based Arch Capital Group Ltd. plans to expand the group’s underwriting operations in Dublin to ensure continuity of its operations across the European Union (EU) when the United Kingdom leaves the...
Grandisson Named CEO of Arch Capital, Succeeding Iordanou Who Has Retired
Mar 20 2018 // Marc Grandisson is the new CEO of Arch Capital Group. Ltd., following the previously announced retirement of longtime leader Constantine “Dinos” Iordanou. Arch disclosed in a regulatory filing that Grandisson,...
California Wildfires Top Arch Capital’s Q4 Catastrophe Losses of $60M-$75M
Jan 10 2018 // Arch Capital Group reports estimated pre-tax losses of $60 million to $75 million from fourth quarter catastrophic events, primarily the California wildfires. This estimated range of losses – net of reinsurance...
Arch Expands Travel Insurance Sales Team with 3 from Travelex
Jun 28 2017 // Arch Insurance announced additions to its travel insurance sales team. Cory Sobczyk and Dan Povondra have joined Arch Insurance as vice presidents of Business Development. Additionally, Lynn Barty has joined as regional...
Arch Insurance Group Names Parsons Vice President in California
Jan 9 2017 // Arch Insurance Group Inc. has named Matthew Parsons the regional vice president for its U.S. Construction division for the Western region. Parsons will be based in the company’s San Francisco, Calif. office and will...
AIG Completes Sale of Mortgage Unit to Arch Capital for $3.4 Billion
Jan 4 2017 // American International Group said it has completed the $3.4 billion sale of its mortgage guaranty unit to Arch Capital Group. The deal to sell United Guaranty Corp. (UGC), first announced in August 2016, closed on Dec....
American Specialty Partners With Arch on Sports, Recreation, Entertainment Programs
Nov 7 2016 // Arch Insurance Group, a member of Arch Capital Group Ltd., has formed an exclusive underwriting partnership with American Specialty Insurance and Risk Services, Inc. (a division of Brown & Brown) to offer customized...
Arch Insurance Europe Names Shulman as President & CEO
May 20 2016 // Arch Insurance Europe announced that Matthew Shulman will be appointed president and chief executive officer, effective July 1, 2016. Shulman joined Arch Insurance U.S. in 2009 and currently serves as executive vice...
Watford Re Forms E&S Insurer Watford Specialty, Partnering with Arch
Apr 4 2016 // Watford Re Ltd. has formed a new excess and surplus lines insurer called Watford Specialty Insurance Co. (WSIC), based in Morristown, N.J. WSIC’s lines of business “will be similar to what we’ve been...
Aon Affinity, Arch Insurance Launch Social Service Insurance Program
Mar 8 2016 // Affinity Nonprofits, a division of Aon Affinity, in partnership with Arch Insurance Group, has launched a nationwide property and casualty insurance product for the nonprofit social service sector, including organizations...
Arch Capital’s Investment Analyst Whitney to Review Private-Equity, Hedge Funds
Dec 10 2015 // Meredith Whitney, the former banking analyst hired by Arch Capital Group Ltd. to help oversee the insurer’s stock portfolio, will also work with the company’s investment team to review possible alternative...
Arch Capital Group Ltd. Names Grandisson President & Chief Operating Officer
Nov 12 2015 // Bermuda-based Arch Capital Group Ltd. (ACGL) announced that Marc Grandisson will be promoted to the position of president and chief operating officer, effective Jan. 1, 2016. Grandisson, 48, joined the company in 2001 and...
Arch Capital Reports Q3 Net Income of $74.5M, vs. $223.2M in Q3 2014
Oct 29 2015 // Bermuda-headquartered Arch Capital Group Ltd. reported net income available to common shareholders for the third quarter ending 2015 was $74.5 million, or $0.60 per share, compared to $223.2 million, or $1.64 per share,...
AXIS Capital Could Attract Offer From Arch Capital: Report
May 7 2015 // 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...
Arch Capital Posts $277.9 Million Q1 2015 Net Income
Apr 29 2015 // 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...
Arch Insurance Europe Buys Resource Underwriting Pacific in Australia
Nov 11 2014 // Arch Insurance Europe has acquired 100 percent of Resource Underwriting Pacific Pty Ltd (RUPPL), the Melbourne-based MGA. RUPPL will be added to Arch Insurance Europe’s current holdings in Australia. James...
Best Places Gulf Re Under Review
Sep 23 2014 // A.M. Best has placed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Gulf Reinsurance Limited (Gulf Re) (United Arab Emirates) under review with negative...
Arch Capital Posts $202.5 Million Q2 Net Income; $160.7 Million Operating
Aug 1 2014 // 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...
