Arch Capital Group

Bermuda based insurance company

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Arch Capital Group Ltd.

Company type| Public

Traded as

* Nasdaq: ACGL
* S&P 500 component

Industry|

* Insurance
* Finance

Founded| 2000; 24 years ago (2000)
Founders|

* Robert Clements
* Peter A. Appel

Headquarters| Hamilton, Bermuda

Key people

* John M. Pasquesi (Chair)
* Nicolas Papadopoulo (CEO)
* François Morin (CFO)
* Marc Grandisson (former CEO)
* Paul Ingrey (former Chairman and CEO), Arch Reinsurance
* Dinos Iordanou (former President and CEO)

Revenue|  US$9.25 billion (2021)

Operating income

| 1,562,384,000 United States dollar (2022)

Net income

|  US$2.24 billion (2021)
Total assets|  US$45.11 billion (2021)
Total equity|  US$13.55 billion (2021)

Number of employees

| c. 5,800 (February 2023)
Website| archgroup.com

Arch Capital Group Ltd. (Arch Capital or ACGL) is a Bermuda-based public limited company which writes insurance, reinsurance and mortgage insurance on a worldwide basis, with a focus on specialty lines, the segment of the insurance industry where the more difficult and unusual risks are written. It has operations in Bermuda, the United States, Canada, Europe, Australia[1] and, in the case of mortgage insurance, Hong Kong.[2]

## History

[edit]

The company was founded in May 2000 by Robert Clements and Peter A. Appel, with Appel as President and CEO.[3][4] The company's predecessor entity, Risk Capital Holdings had previously sold substantially all of the reinsurance operations of Risk Capital Reinsurance Co., its wholly owned subsidiary, to Folksamerica Reinsurance Co., and the surviving vehicle was the entity used to form Arch Capital.[5][6]

Following the event of September 11, 2001, Arch Capital launched an underwriting initiative to address the global demand for insurance and reinsurance capacity.[7][8]

In October 2001, Paul Ingrey joined the company to oversee its reinsurance operations[9] and in January 2002, Dinos Iordanou was hired to run the company's insurance business.[10] In 2003, Iordanou succeeded Appel as Arch Capital's President and CEO,[11] and Arch Capital's current CEO, Marc Grandisson, replaced Iordanou in 2018.[12]

Arch Capital entered the mortgage insurance business in 2015 with the formation of Arch Mortgage Guaranty and, in August 2016, it bought United Guaranty, AIG‘s mortgage insurance unit, for US$3.4 billion,[13] making the company the world's largest mortgage insurer.[14]

In 2022, Arch Capital was added to the Standard & Poor's (S&P) 500 Index, replacing Twitter (now X).[15]

As of 2024, Arch employs nearly 7,000 people worldwide.[16]

## Notable employees

[edit]

* Meredith Whitney (born 1969), businesswoman

## References

[edit]

1. ^ Arch website, About Arch, accessed March 29, 2018.
2. ^ Arch website, About Mortgage Insurance, accessed March 29, 2018.
3. ^ Crombie, Roger (Summer 2001). "Golden Arches". Bermudian Business.
4. ^ "RISK CAPITAL HOLDINGS BECOMES ARCH CAPITAL | Journal of Commerce". joc.com. 2000-05-10. Retrieved 2024-03-23.
5. ^ "Folksamerica to acquire Risk Capital Re". Business Insurance. Retrieved 2024-03-23.
6. ^ "Risk Capital Holdings Becomes Arch Capital | Journal of Commerce". joc.com. 2000-05-10. Retrieved 2024-03-23.
7. ^ "About Arch - History". Arch Capital Group Ltd. Retrieved 2024-03-23.
8. ^ "Arch Capital Bermuda Sub Fully Funded". Insurance Journal. 2001-11-20. Retrieved 2024-03-23.
9. ^ "About Arch - History". Arch Capital Group Ltd. Retrieved 2024-03-23.
10. ^ "About Arch - History". Arch Capital Group Ltd. Retrieved 2024-03-23.
11. ^ "Arch Capital Group Names Iordanou President and CEO". Insurance Journal. 2003-07-14. Retrieved 2024-03-23.
12. ^ "Grandisson Named CEO of Arch Capital, Succeeding Iordanou Who Has Retired". Insurance Journal. 2018-03-20. Retrieved 2024-03-23.
13. ^ Scism, Leslie; Lublin, Joann S. (2016-08-16). "AIG Reaches Deal to Sell Mortgage-Insurance Unit to Arch Capital for About $3.4 Billion". The Wall Street Journal. ISSN 0099-9660. Retrieved 2016-08-18.
14. ^ "About Arch - History". Arch Capital Group Ltd. Retrieved 2024-03-23.
15. ^ "Arch Capital Group To Replace Twitter In S&P 500". markets.businessinsider.com. Retrieved 2024-03-23.
16. ^ "About Arch - History". Arch Capital Group Ltd. Retrieved 2024-03-23.

## External links

[edit]

* Official website
* Business data for Arch Capital Group Ltd.:

* Bloomberg
* Google
* Reuters
* SEC filings
* Yahoo!

* v
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* v
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Major insurance and reinsurance companies

Insurance|

| Americas|

* Aflac
* Ambac
* American Family Insurance
* American International Group
* Berkshire Hathaway
* Chubb
* Cigna
* CNA Financial
* CUNA Mutual Group
* FM Global
* The Hartford
* Humana
* Liberty Mutual
* Markel Corporation
* Manulife
* MassMutual
* MetLife
* Mutual of America
* Mutual of Omaha
* National Life Group
* Nationwide Mutual Insurance Company
* New York Life Insurance Company
* Northwestern Mutual
* Ohio National Life Insurance Company
* Pacific Life
* Progressive Corporation
* Prudential Financial
* State Farm
* Sun Life Financial
* UnitedHealth Group
* Unum
* USAA
* Western & Southern Financial Group

|

EMEA|

* Aegon N.V.
* Ageas
* Allianz
* Aon
* Assicurazioni Generali
* Aviva
* Axa
* Bâloise
* CNP Assurances
* Folksam
* Groupama
* LähiTapiola
* Mapfre
* Mutua Madrileña
* NN Group
* Old Mutual
* Phoenix Group
* Prudential plc
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APAC|

* AIA Group
* China Life Insurance Company
* China Pacific Insurance Company
* Dai-ichi Life
* Great Eastern Life
* Kyobo Life Insurance
* Life Insurance Corporation
* Meiji Yasuda Life
* MS&AD Insurance Group
* Nippon Life
* Income Insurance
* Ping An Insurance
* QBE Insurance
* Singlife
* SOMPO Holdings
* Sumitomo Life
* T&D Holdings
* Taikang Life Insurance
* Tokio Marine

Reinsurance|

* Arch Capital Group
* Axa XL
* China Re
* Everest Group
* General Insurance Corporation of India
* Hannover Re
* Instituto de Resseguros do Brasil
* Korean Re
* Lloyd's of London
* Munich Re
* Reinsurance Group of America
* RenaissanceRe
* SCOR SE
* Swiss Re
* TransRe

Methodology: SWFI ranking by Total Assets
List of largest insurance companies

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