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Arch Capital Group Ltd - ACGL STOCK NEWS

Welcome to our dedicated news page for Arch Capital Group (Ticker: ACGL), a resource for investors and traders seeking the latest updates and insights on Arch Capital Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Arch Capital Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Arch Capital Group's position in the market.

News
Media Release: AGCS to focus on U.S. Large Corporate and Specialty insurance with sale of U.S. MidCorp and Entertainment businesses to Arch Insurance North America
Rhea-AI Summary
Allianz Global Corporate & Specialty SE (AGCS) has agreed to sell its Fireman’s Fund insurance businesses in the United States to Arch Insurance North America for $1.4 billion. The transaction includes a cash payment of $450 million and Arch assuming $2 billion of loss reserves. Approximately 500 employees will transfer to Arch as part of the deal. AGCS will focus on its Large Corporate and Specialty business in the U.S., leveraging its global capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.18%
Tags
none
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News
Arch Insurance North America to Acquire Allianz’s U.S. MidCorp and Entertainment Insurance Businesses
Rhea-AI Summary
Arch Insurance, a part of Arch Capital Group (ACGL), is acquiring U.S. MidCorp and Entertainment insurance businesses from Allianz Global Corporate & Specialty SE for $450 million. The deal is estimated to require $1.4 billion in capital. The acquired businesses wrote $1.7 billion in gross premium in 2023, with 500 employees expected to join Arch. This move aims to expand Arch's presence in the middle market and enhance its product suite.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.18%
Tags
acquisition
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News
Arch Capital Group Ltd. Releases 2023 Sustainability Reports
Rhea-AI Summary
Arch Capital Group (ACGL) releases its 2023 Sustainability Report, emphasizing ESG strategy and key impact areas. The reports highlight sustainable progress and collaborative successes, showcasing the company's commitment to incorporating sustainability practices into its operations and decision-making processes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.24%
Tags
none
News
Arch Introduces Participant Accident Coverage for Camps and Child Education Centers Through the Arch APEX℠ Platform
Rhea-AI Summary
Arch Insurance North America introduces Participant Accident coverage for child education centers and camps through the Arch APEX digital platform, streamlining the insurance process and emphasizing ease of doing business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.05%
Tags
none
-
News
Arch Capital Group Ltd. to Report 2024 First Quarter Results on April 29
Rhea-AI Summary
Arch Capital Group (ACGL) is set to announce its 2024 first quarter results on April 29, with a conference call scheduled for April 30. Investors can access a live webcast on the company's website, with a recording available afterward for a year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
conferences earnings
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News
Arch Reinsurance Group Announces Three Senior Promotions
Rhea-AI Summary
Arch Reinsurance Group announces the promotions of three senior executives, Jerome Halgan, Vanessa Hardy Pickering, and Lester Pun, effective April 1, 2024. Halgan will be President and Chief Underwriting Officer, Pickering as CFO, and Pun as COO. The promotions aim to enhance underwriting strategy, financial management, and operational execution within the Company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.09%
Tags
none
News
Arch Capital Group Ltd. Reports 2023 Fourth Quarter Results
Rhea-AI Summary
Arch Capital Group Ltd. (ACGL) reports strong 2023 fourth quarter results with a net income of $2.3 billion, a 58.2% annualized net income return on common equity. After-tax operating income stands at $945 million. The company achieved a combined ratio of 78.9% and a book value per common share of $46.94, showing a 21.5% increase from the previous quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.98%
Tags
earnings
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News
Arch Insurance Welcomes Prabhu Venkataraman as CIO
Rhea-AI Summary
Arch Insurance North America appoints Prabhu Venkataraman as Chief Information Officer, to lead technology implementation and services with a focus on strategic alignment, data enablement, and empowering the business. Venkataraman joins from Berkshire Hathaway Specialty Insurance, bringing over two decades of industry experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.62%
Tags
none
-
News
Arch Capital Group Ltd. to Report 2023 Fourth Quarter Results on February 14
Rhea-AI Summary
Arch Capital Group Ltd. (NASDAQ: ACGL) expects to release its 2023 fourth quarter results after the close of regular stock market hours on Wednesday, Feb. 14. The Company will hold a conference call for investors and analysts at 11 a.m. ET on Thursday, Feb. 15. A live webcast of this call will be available via the Investors section of the Company’s website at http://www.archgroup.com/investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
conferences earnings
News
Arch Announces Non-Profit Accident Product Now Available Through Arch APEXSM Portal
Rhea-AI Summary
Arch Insurance (Arch) (Ticker: ARCH) introduces non-profit accident insurance product on Arch APEX digital platform, streamlining the quote-bind-issue process and offering comprehensive accident protection for volunteers and participants. The platform aims to increase agency revenue and client satisfaction by simplifying coverage processes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.37%
Tags
none
Stock ACGL logo
Arch Capital Group Ltd

Nasdaq:ACGL

ACGL Rankings

#347 Ranked by Market Cap
#496 Ranked by Stock Gains
N/A Ranked by Dividends

ACGL Stock Data

34.09B
357.50M
3.01%
88.7%
0.94%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
Bermuda
100 Pitts Bay Road

About ACGL

arch capital group ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. the company's insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products. it also provides property, energy, marine, and aviation insurance; travel insurance; accident, disability, and medical plan insurance coverages; captive insurance programs; and contract and commercial surety coverages. this segment markets its products through a group of licensed independen