Arch Insurance Services Formed

July 20, 2001

MGAs, MGUs, general agents, wholesalers and program managers have access to a new source for risk transfer, merchant banking and capital-related services with the creation of Arch Insurance Services, a division of Arch Capital Group Ltd.

The foundation of Arch Insurance Services consists of the insurance program and alternative markets business of recently-acquired Altus Holdings, Ltd., now known as Arch Risk Transfer Services Ltd., together with the capabilities of Hales & Company, Arch Capital’s merchant banking subsidiary, and Distribution Partners, a private equity fund affiliated with Hales.

Arch Capital Group Ltd. is a Bermuda-based, diversified financial services company with over $500 million in assets. The Arch Capital Group is engaged in a range of insurance and financial service activities through subsidiaries comprising Arch Insurance Services and the ownership of intermediaries, underwriting agencies, service providers and insurance companies.

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