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Arch Capital Group Ltd - ACGL STOCK NEWS

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

News

Arch Insurance North America to Acquire Allianz’s U.S. MidCorp and Entertainment Insurance Businesses

Rhea-AI Summary
Arch Insurance, a part of Arch Capital Group (ACGL), is acquiring U.S. MidCorp and Entertainment insurance businesses from Allianz Global Corporate & Specialty SE for $450 million. The deal is estimated to require $1.4 billion in capital. The acquired businesses wrote $1.7 billion in gross premium in 2023, with 500 employees expected to join Arch. This move aims to expand Arch's presence in the middle market and enhance its product suite.
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Arch Capital Group Ltd. Releases 2023 Sustainability Reports

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Arch Capital Group (ACGL) releases its 2023 Sustainability Report, emphasizing ESG strategy and key impact areas. The reports highlight sustainable progress and collaborative successes, showcasing the company's commitment to incorporating sustainability practices into its operations and decision-making processes.
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Arch Introduces Participant Accident Coverage for Camps and Child Education Centers Through the Arch APEX℠ Platform

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Arch Insurance North America introduces Participant Accident coverage for child education centers and camps through the Arch APEX digital platform, streamlining the insurance process and emphasizing ease of doing business.
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Arch Capital Group Ltd. to Report 2024 First Quarter Results on April 29

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Arch Capital Group (ACGL) is set to announce its 2024 first quarter results on April 29, with a conference call scheduled for April 30. Investors can access a live webcast on the company's website, with a recording available afterward for a year.
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Arch Reinsurance Group Announces Three Senior Promotions

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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. Reports 2023 Fourth Quarter Results

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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 Welcomes Prabhu Venkataraman as CIO

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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. to Report 2023 Fourth Quarter Results on February 14

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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 Announces Non-Profit Accident Product Now Available Through Arch APEXSM Portal

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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 and Arch Insurance Partner to Expand Access to Cyber Insurance

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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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FAQ

What is the current stock price of Arch Capital Group (ACGL)?

The current stock price of Arch Capital Group (ACGL) is $90.99 as of December 20, 2024.

What is the market cap of Arch Capital Group (ACGL)?

The market cap of Arch Capital Group (ACGL) is approximately 33.5B.

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.

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Arch Capital Group Ltd

Nasdaq:ACGL

ACGL Rankings

#367 Ranked by Market Cap
#2133 Ranked by Dividends

ACGL Stock Data

33.51B
364.57M
3.05%
90.11%
1.57%
Insurance - Diversified
Fire, Marine & Casualty Insurance
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United States of America
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