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Arch Capital Group Ltd expects a hit of up to $75 million from catastrophes in its third-quarter results. The Bermudian-based re/insurer said today that the bulk of the losses relate to Hurricane Dorian, which devastated parts of the Bahamas las mont...

Bermudian-based Arch Capital Group has tapped the capital markets for more than $700 million to bolster the reinsurance of its mortgage insurance business. The group’s third insurance-linked note transaction of the year was the biggest issuance ever ...

Arch Capital Group Ltd made a profit of $438.1 million, or $1.07 per share, in the first quarter, a jump from $137.3 million, or 33 cents per share, a year ago. After tax operating earnings were $275.9 million, or 67 cents per share, beating the 62 c...

A British subsidiary of Bermudian re/insurer Arch Capital has completed the acquisition of UK managing general agency Axiom Underwriting. Arch Insurance (UK) Ltd had initially acquired a 60 per cent share of Axiom in 2015. The terms of the deal for t...

Constantine “Dinos” Iordanou is to step down as Arch Capital Group’s chairman in September and will be succeeded by vice-chairman John Pasquesi. Mr Iordanou is a well-known veteran of the Bermuda insurance industry, having led the Bermudian insurer a...

Arch Capital Group Ltd posted net income of $126.1 million in the fourth quarter of last year, despite significant catastrophe losses. The Bermudian-based insurer and reinsurer estimated $118.2 million in pre-tax catastrophic losses, primarily relate...

Arch Capital has estimated catastrophe losses of between $110 million and $130 million for the fourth quarter of last year. The Bermudian insurer and reinsurer said the losses related primarily to Hurricane Michael and wildfires in California. The es...

A subsidiary of Bermudian-based Arch Capital will refund $5.3 million in overcharged insurance premiums to hundreds of volunteer firefighter companies in New York state. Arch Insurance will also a pay a $1 million fine to the state after an investiga...

Arch Capital swung to third-quarter net income of $217 million, compared to a net loss of $52.8 million during the corresponding period last year. The result amounted to a 10.2 per cent annualised return on average common equity. After-tax operating ...

Arch Capital Group Ltd made a profit of $233.2 million, or 56 cents per share, in the second quarter. That is up from $173.8 million year-on-year. The Bermudian-based company’s after-tax operating income was $242.6 million, up from $168.9 million. Th...

Arch Capital Group Ltd has named François Morin as its new chief financial officer. The Bermudian-based insurer and reinsurer said Mr Morin’s appointment, which includes a promotion to executive vice-president, will take effect on May 25, 2018. He w...

Arch Capital’s shares fell more than 2 per cent yesterday after the insurer and reinsurer reported a more than 40 per cent drop in first-quarter net income. The Bermudian company made a net profit of $137 million in the first three months of this yea...