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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 RoamRight Honored with Multiple DotCOMM Awards

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Arch RoamRight (Ticker: ARCH), a leader in travel insurance, received prestigious international awards at the 2023 dotCOMM Awards. The company won a Platinum Award for 'The Travel Insurance Playbook', a Gold Award for 'Arch RoamRight Customer Stories', and an Honorable Mention for 'Just a Moment with Jen & Mel'. These accolades reinforce Arch RoamRight's digital marketing innovation and industry leadership. Tim Dodge, VP and CMO, emphasized the company's dedication to innovation and clear marketing in a complex industry.
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Arch Reinsurance Welcomes Greg Habay

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Arch Reinsurance (ARCH) appoints Greg Habay as Managing Director, Head of Business Development and ILS Partners Relations. Habay will lead the ILS business development efforts, expanding investor base and strengthening third-party capital strategies. His expertise from Third Point LLC, AQR Capital Management, JLT Re, and Guy Carpenter North America will drive Arch Re's ILS practice to achieve industry-leading status.
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Arch MI to Acquire RMIC Companies, Inc.

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Arch Capital Group Ltd. (ACGL) Announces Acquisition of RMIC Companies, Inc. with $1 Billion Risk in Force Portfolio. The acquisition will integrate RMIC's run-off mortgage insurance business into Arch MI's existing U.S. primary mortgage portfolio, creating significant expense and capital synergies. The transaction is expected to close in the first half of 2024, subject to regulatory approval.
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Arch MI Secures Over $233 Million of Indemnity Reinsurance through Bellemeade Re Insurance-Linked Note Transaction and Related Reinsurance

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Arch Mortgage Insurance Company (Arch MI) has obtained over $233 million of indemnity reinsurance on a pool representing approximately $32.4 billion of mortgages from Bellemeade Re 2023-1 Ltd. The coverage was obtained through bonds and direct reinsurance. This transaction covers a portfolio of MI policies issued by Arch MI and affiliates from January 2023 through September 2023.
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Arch Capital Group Ltd. Reports 2023 Third Quarter Results

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Arch Capital Group Ltd. (NASDAQ: ACGL) reported its 2023 third-quarter results, with net income available to Arch common shareholders of $713 million, or $1.88 per share, representing a 20.2% annualized net income return on average common equity. After-tax operating income available to Arch common shareholders was $876 million, or $2.31 per share, a 24.8% annualized operating return on average common equity. The company also saw growth in net premiums written across its insurance and reinsurance segments, with a 26.0% year-over-year increase.
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Arch Capital Group Names Seamus Fearon CEO, International Mortgage

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Seamus Fearon promoted to CEO, International Mortgage for Arch Capital Group Ltd.
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Arch Capital Group Ltd. to Report 2023 Third Quarter Results on October 30

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Arch Capital Group Ltd. (NASDAQ: ACGL) expects to release its 2023 Q3 results on Oct. 30 after market hours. Conference call for investors and analysts will be held on Oct. 31 at 11 a.m. ET. Webcast available on company's website.
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Arch Insurance Launches Proactive Cyber Insurance Solution: Arch CyPro

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Arch Insurance launches Arch CyPro, a pioneering cyber insurance solution, to proactively safeguard businesses from evolving cyber threats.
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Arch Insurance to Deliver Webinar on Navigating Paid Family and Medical Leave Regulations Across Multiple States

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Arch Insurance partners with DMEC to present webinar on managing PFML requirements in the US
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Arch Reinsurance Ltd. Announces Executive Appointments

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Arch Reinsurance Ltd. announces promotions of Crystal Doughty and William Soares as Chief Underwriting Officers. Pierre Jal assumes role of Chief Underwriting Officer for Arch Reinsurance Europe. Matthew Dragonetti expands responsibilities. Positive for company growth and customer needs.
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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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