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Arch Capital Group Ltd. - ACGL STOCK NEWS

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

Arch Capital Group Ltd. (NASDAQ: ACGL) is a publicly listed Bermuda exempted company, providing insurance, reinsurance, and mortgage insurance products worldwide. With approximately $22.1 billion in capital as of March 31, 2024, Arch operates through its wholly owned subsidiaries across various regions, including Bermuda, the United States, Canada, Europe, Australia, and the United Kingdom. The company is part of the S&P 500 Index.

Arch Capital Group Ltd. has three primary underwriting segments: Insurance, Reinsurance, and Mortgage Insurance. The Insurance segment offers specialty risk solutions, including primary and excess casualty coverages, medical professional liability, and commercial automobile products. This segment also provides property, energy, marine, and aviation insurance, marketed through a network of licensed independent brokers.

The Reinsurance segment covers property catastrophe, liability, marine, aviation, agriculture, and political risk through treaty and facultative reinsurance. The Mortgage Insurance segment offers risk management and risk financing products to mortgage insurance sectors in the U.S., Europe, and Bermuda.

Recent Achievements: Arch launched the Arch APEX digital platform, streamlining the quote-bind-issue process, significantly enhancing efficiency and client satisfaction. The platform supports various insurance products, including non-profit accident insurance, travel insurance, and medical coverage. Furthermore, Arch Insurance North America announced the acquisition of U.S. MidCorp and Entertainment insurance businesses from Allianz Global Corporate & Specialty SE for $450 million, aimed at expanding Arch's presence in the U.S. middle market.

Latest Financial Highlights: For the first quarter of 2024, Arch Capital Group Ltd. reported a net income of $1.1 billion, an annualized net income return on average common equity of 24.6%, and a 5.2% increase in book value per common share. This success underscores Arch's robust financial health and commitment to delivering value to shareholders.

With a commitment to leveraging innovative technologies, a focus on client-centric solutions, and a strategic approach toward market expansions, Arch Capital Group Ltd. continues to solidify its position as a leader in the global insurance and reinsurance industry.

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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.
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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.
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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.
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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.
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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.
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Upfort (UPFT) and Arch Insurance (Arch) have announced a strategic partnership to transform cyber insurance programs for small and medium-sized enterprises (SMEs), associations, and risk pools. With cyber insurance premiums expected to grow by 20 percent year-over-year until 2025, the partnership aims to offer businesses security tools to make cyber insurance programs more sustainable. Upfort is taking cyber resilience a step further by embedding cyber security solutions within every Upfort program policy at no additional cost to the insured or broker.
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Arch RoamRight (Ticker: ARCH), a leader in travel insurance, received prestigious international awards at the 2023 dotCOMM Awards. The company won a Platinum Award for 'The Travel Insurance Playbook', a Gold Award for 'Arch RoamRight Customer Stories', and an Honorable Mention for 'Just a Moment with Jen & Mel'. These accolades reinforce Arch RoamRight's digital marketing innovation and industry leadership. Tim Dodge, VP and CMO, emphasized the company's dedication to innovation and clear marketing in a complex industry.
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Arch Reinsurance (ARCH) appoints Greg Habay as Managing Director, Head of Business Development and ILS Partners Relations. Habay will lead the ILS business development efforts, expanding investor base and strengthening third-party capital strategies. His expertise from Third Point LLC, AQR Capital Management, JLT Re, and Guy Carpenter North America will drive Arch Re's ILS practice to achieve industry-leading status.
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Arch Capital Group Ltd. (ACGL) Announces Acquisition of RMIC Companies, Inc. with $1 Billion Risk in Force Portfolio. The acquisition will integrate RMIC's run-off mortgage insurance business into Arch MI's existing U.S. primary mortgage portfolio, creating significant expense and capital synergies. The transaction is expected to close in the first half of 2024, subject to regulatory approval.
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Arch Mortgage Insurance Company (Arch MI) has obtained over $233 million of indemnity reinsurance on a pool representing approximately $32.4 billion of mortgages from Bellemeade Re 2023-1 Ltd. The coverage was obtained through bonds and direct reinsurance. This transaction covers a portfolio of MI policies issued by Arch MI and affiliates from January 2023 through September 2023.
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FAQ

What are the core business segments of Arch Capital Group Ltd.?

Arch Capital Group Ltd. operates through three primary business segments: Insurance, Reinsurance, and Mortgage Insurance.

Where is Arch Capital Group Ltd. headquartered?

Arch Capital Group Ltd. is headquartered in Bermuda.

What recent acquisitions has Arch Capital Group Ltd. made?

Arch Capital Group Ltd. recently announced the acquisition of the U.S. MidCorp and Entertainment insurance businesses from Allianz Global Corporate & Specialty SE for $450 million.

What is the Arch APEX digital platform?

The Arch APEX digital platform streamlines the quote-bind-issue process, allowing policies to be purchased online in minutes, enhancing efficiency for agents and brokers.

What financial performance did Arch Capital Group Ltd. report for the first quarter of 2024?

Arch Capital Group Ltd. reported a net income of $1.1 billion, representing a 24.6% annualized net income return on average common equity, and a 5.2% increase in book value per common share.

What types of insurance does Arch’s Insurance segment offer?

Arch’s Insurance segment offers primary and excess casualty coverages, medical professional liability, commercial automobile products, and more.

In which regions does Arch Capital Group Ltd. operate?

Arch Capital Group Ltd. operates in Bermuda, the United States, Canada, Europe, Australia, and the United Kingdom.

How does Arch Capital Group Ltd. provide its reinsurance services?

Arch provides reinsurance services covering property catastrophe, liability, marine, aviation, agriculture, and political risk through treaty and facultative reinsurance.

What is the role of Arch's Mortgage Insurance segment?

Arch's Mortgage Insurance segment offers risk management and risk financing products to the mortgage insurance sectors in the U.S., Europe, and Bermuda.

How does Arch Capital Group Ltd. ensure client satisfaction?

Arch Capital Group Ltd. ensures client satisfaction by leveraging innovative technologies like the Arch APEX platform, offering a broad range of insurance products, and maintaining a client-centric approach.

Arch Capital Group Ltd.

Nasdaq:ACGL

ACGL Rankings

ACGL Stock Data

36.08B
375.49M
2.99%
88.92%
1.35%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
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United States of America
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