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Arch Capital

Reinsurance

Arch CEO: Mergers are good for business

NEW YORK (Bloomberg) — Arch Capital Group Ltd chief executive officer Dinos Iordanou said consolidation in the reinsurance market is good for business. The deals will eliminate some “desperate competitors” who used tactics that have pressured revenue...
Feb 12, 2015
Reinsurance

Arch beats the Street

Arch Capital yesterday posted a profit of more than $215 million for the fourth quarter of last year. On a per share basis, Arch’s net income of $1.60 — $1.15 after adjustments — for the final quarter of 2014 topped analysts’ estimates. The average e...
Feb 11, 2015
Reinsurance

Expanding Arch announces slew of promotions

Arch Capital Group Ltd yesterday announced a slew of promotions in its reinsurance group to support the recent expansion of the company’s mortgage insurance and reinsurance operations. Marc Grandisson recently became chairman and CEO of Arch Worldwid...
Jul 08, 2014
Reinsurance

Arch announces $668m annual profit

Bermuda-based Arch Capital raked in nearly $688 million last year, the firm’s results have revealed. The global insurer and reinsurer reported net income available to shareholders of $687.8 million, or $5.07 per share. That compares to net income of ...
Feb 12, 2014
Reinsurance

Arch enters US mortgage insurance market

Bermuda-based Arch Capital Group Ltd will is to enter the US mortgage insurance market after its US-based subsidiaries (Arch US MI) completed the acquisition of CMG Mortgage Insurance Company (CMG MI) and the mortgage insurance operating platform of ...
Feb 12, 2014
Other

Arch profit drops 41%

Arch Capital Group’s third-quarter profit fell 41 percent to $109.3 million. The Bermuda re/insurer reported that net written premiums for the quarter grew 11.1 percent over those of the third quarter of 2012 to $839.1 million. Total revenues grossed...
Oct 30, 2013
Other

Arch accused of poaching account manager

A US mortgage insurer has accused Bermuda re/insurer Arch Capital of poaching a top employee. Radian Group Inc. is claiming Arch induced a former account manager to quit and take confidential information with her to gain a competitive edge when it en...
Oct 25, 2013
Other

"Arch launches new product in Contract Binding unit"

Arch Insurance Group has launched an increased limits product of up to $5 million on its General Liability coverage in the newly formed Contract Binding Operations. “This new product is a very powerful addition to our agent network with many additio...
Sep 25, 2013
International Business

"Arch reports Q2 results"

Arch Capital Group last night posted net income available to common shareholders for the second quarter of $171.5 million compared to $202.0 million for the same period in 2012. Arch said its second quarter results included losses for catastrophic ev...
Jul 26, 2013
Reinsurance

"Arch in $300m deal to enter US mortgage insurance market"

Bermuda re/insurer Arch Capital Group is buying bankrupt insurer PMI’s assets in $300 million deal to enter the US mortgage guaranty business as the housing market rebounds. Arch said in a statement Friday it was acquiring CMG Mortgage Insurance from...
Feb 11, 2013
Reinsurance

"Arch’s A+ rating affirmed by Best"

Ratings firm AM Best has affirmed the financial strength rating (FSR) of A+ (superior) and the issuer credit ratings (ICR) of “aa-” of Arch Reinsurance (Bermuda) and its strategic affiliates. AM Best also has assigned an FSR of A+ (Superior) and an ...
Jan 25, 2013
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