Welcome to our dedicated page for Arch Cap Group news (Ticker: ACGL), a resource for investors and traders seeking the latest updates and insights on Arch Cap Group stock.
Arch Capital Group Ltd (ACGL) provides specialty insurance, reinsurance, and mortgage solutions across global markets. This news hub aggregates official press releases and financial updates from the Bermuda-based underwriter, offering investors centralized access to material developments.
Track ACGL's corporate announcements including earnings reports, strategic initiatives, leadership changes, and regulatory updates. The curated collection spans all business segments: property/casualty insurance, catastrophe reinsurance programs, and mortgage risk management solutions serving North American and international markets.
Key resources include filings related to underwriting performance, capital allocation decisions, and partnership developments. Bookmark this page for efficient monitoring of ACGL's market positioning in competitive insurance sectors, with updates organized chronologically for quick reference.
Arch Insurance announced the acquisition of Thimble, an insurtech platform focused on small business insurance.
This strategic move enhances Arch's digital offerings, facilitating easier access to insurance coverage for small businesses. Since May 2018, Thimble has issued over 170,000 policies across the U.S.
The Thimble team will continue to operate with existing partners, while also expanding the platform under Arch's umbrella. This acquisition aligns with Arch's goal of improving digital solutions for customers and brokers. The deal is expected to bolster Arch's growth in the small business insurance sector.
Arch Insurance's Dana Silverman has been awarded Customer Service Manager of the Year at the 17th annual Stevie Awards for Sales & Customer Service. Silverman, a pivotal figure since the launch of RoamRight in 2012, has significantly contributed to its growth and excellence in client service. Under her leadership, the customer service culture prioritizes client satisfaction, setting Arch apart in the industry. The Stevie Awards recognized over 2,300 nominations from various sectors globally, highlighting Silverman's unique approach and dedication to customer service excellence in the Accident and Health unit.
Arch Capital Group Ltd. (NASDAQ: ACGL) will release its 2023 first quarter results on April 26, 2023, after market hours. A conference call for investors and analysts is scheduled for April 27, 2023, at 11 a.m. Eastern Time. Interested parties can access a live webcast via the Company’s website. Arch Capital Group, based in Bermuda, reported approximately $15.6 billion in capital as of December 31, 2022, and is included in the S&P 500 Index. The Company provides insurance, reinsurance, and mortgage insurance globally through its subsidiaries.
Arch Capital Group Ltd. (NASDAQ: ACGL) announced its Q4 2022 results, reporting a net income of $849.5 million ($2.26/share), up from $613.1 million in Q4 2021. The after-tax operating income also rose to $805.9 million ($2.14/share), demonstrating significant growth. The combined ratio stood at 73.5%, improved from 77.6% a year earlier, while gross premiums written increased by 32.6% to $3.8 billion. Notably, the book value per share reached $32.62, reflecting a 9.9% increase since September 2022. The company emphasized strong underwriting performance despite current accident year catastrophic losses of $34.6 million.
Arch Insurance North America has appointed Lauren Dieterich as Chief Operating Officer, reporting to Brian First. With over 20 years of experience, Dieterich previously served at Crum & Forster Insurance and brings expertise in operations, technology, and digital solutions. Matt Shulman, CEO of Arch Insurance North America, emphasized the importance of this role in enhancing operational capabilities. Arch Capital Group Ltd. (NASDAQ: ACGL) specializes in insurance, reinsurance, and mortgage insurance globally, with approximately $14.5 billion in capital as of September 30, 2022.
Arch Capital Group Ltd. (NASDAQ: ACGL) plans to announce its 2022 Q4 results on February 13, 2023, after market hours. A conference call for investors and analysts is scheduled for February 14, 2023, at 11 a.m. ET. Investors can access a live webcast on the Company's website and a recording will be available shortly after the call, archived for one year. As of September 30, 2022, Arch holds approximately $14.5 billion in capital and operates globally in insurance and reinsurance sectors.
Arch Insurance Canada has promoted Jean-Pierre “JP” Galipeault to President and Chief Regional Executive, effective January 1. Galipeault has been with Arch since 2013 and previously served as Chief Regional Executive. Alongside him, John Moller has been named Chief Underwriting Officer, and Emily Crewe will serve as both COO and CFO. The leadership changes are expected to enhance Arch's performance and strengthen its market presence in Canada as they focus on building collaborative relationships with brokers.
Simply Business, a Boston-based digital insurance company, has partnered with Arch Insurance to provide monoline professional liability solutions for small business owners in the U.S. This collaboration aims to enhance the selection of professional liability products available on the Simply Business platform. Group CEO David Summers emphasized the importance of offering choices to cater to the unique needs of each small business. Arch Capital Group's Chief Strategy Officer, Jay Rajendra, expressed eagerness for a long-term partnership focused on delivering excellent digital solutions.
Arch Insurance North America has promoted Brian First to President, effective December 1. First, previously Chief Underwriting Officer, will oversee business units and operations teams. Joining Arch in 2014, he has 30 years of industry experience. CEO Matt Shulman praised First's leadership and insights as crucial for their ambitious goals. First's role includes overseeing several executive vice presidents in underwriting and operations, focused on enhancing capabilities and service delivery.
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