Arch Capital Group Ltd. (ACGL) is a global provider of insurance, reinsurance, and mortgage insurance solutions. The company operates through three main segments, offering a diverse range of specialty insurance products and reinsurance coverage worldwide, as well as mortgage insurance services in the U.S. and internationally . Arch Capital's insurance segment includes various specialty product lines, while its reinsurance segment covers multiple areas, including property and casualty . The mortgage segment provides primary mortgage insurance and credit risk transfer services .
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Insurance - Offers specialty product lines globally, including construction, national accounts, excess and surplus casualty, professional lines, programs, property, energy, marine and aviation, travel, accident and health, warranty and lenders solutions, and other specialty coverages .
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Reinsurance - Provides worldwide coverage, including casualty, marine and aviation, other specialty, property catastrophe, and property excluding property catastrophe .
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Mortgage - Includes U.S. primary mortgage insurance, U.S. credit risk transfer, and international mortgage insurance and reinsurance operations .
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Nicolas Papadopoulo ExecutiveBoard | CEO and Board Member | N/A | Nicolas Papadopoulo is the CEO of ACGL and a member of its Board of Directors. He joined Arch Re Bermuda in December 2001 and has held various leadership roles within the company. | View Report → |
David Gansberg Executive | President of Arch Capital Group Ltd. | N/A | David Gansberg has been with Arch since December 2001, holding various leadership roles, and was appointed President in November 2024. | |
Françoise Morin Executive | Executive Vice President, Chief Financial Officer, and Treasurer | N/A | Françoise Morin joined ACGL in October 2011 and has held various roles, contributing to the company's financial and risk management strategies. | |
Maamoun Rajeh Executive | President of Arch Capital Group Ltd. and Chairman & CEO of Arch Worldwide Reinsurance Group | N/A | Maamoun Rajeh joined Arch Re Bermuda in 2001 and has held several leadership positions, contributing significantly to the company's growth. | View Report → |
Alexander Moczarski Board | Director | Director of Independent Diplomat | Alexander Moczarski has over 45 years of global insurance experience and was appointed as a director in February 2025. | |
Brian S. Posner Board | Director | President of Point Rider Group LLC, Executive Chair of Fika Community Ltd., Charter Trustee of Northwestern University | Brian S. Posner has been a Director since November 2010, with a background in consulting and advisory services. | |
Daniel J. Houston Board | Director | Chairman and CEO of Principal Financial Group, Member of Business Roundtable, Member of Fortune CEO Initiative, Chair of Tax Committee for American Council of Life Insurers | Daniel J. Houston is the Chairman and CEO of Principal Financial Group and was appointed to ACGL's Board in August 2024. | |
Eileen Mallesch Board | Director | Board Member at Brighthouse Financial, Fifth Third Bancorp | Eileen Mallesch has been a Director since August 2021, with over 30 years of experience in finance and risk management. | |
Eugene S. Sunshine Board | Director | N/A | Eugene S. Sunshine has been a Director since July 2014, with a strong financial background and extensive executive management experience. | |
John D. Vollaro Board | Senior Advisor and Director | N/A | John D. Vollaro joined ACGL in 2002 and has been a Director since November 2009, with extensive experience in the insurance industry. | |
John M. Pasquesi Board | Chair of the Board | Managing Member of Otter Capital LLC | John M. Pasquesi has been a director since October 2001 and Chair of the Board since September 2019. He is also the Managing Member of Otter Capital LLC. | |
Laurie S. Goodman Board | Director | Institute Fellow at the Urban Institute, Board Member at MFA Financial, Advisor to The Amherst Group, LLC | Laurie S. Goodman has been a Director since May 2018, bringing expertise in analytics, strategy, and housing finance. | |
Moira Kilcoyne Board | Director | Board of Directors at Quilter plc, Elliot Opportunity II, Member of Board of Governors of FINRA | Moira Kilcoyne has over 30 years of experience in the technology industry and has been a Director at ACGL since January 2020. | |
Neal Triplett Board | Director | President and CEO of Duke University Management Company | Neal Triplett is the President and CEO of Duke University Management Company and was appointed to ACGL's Board in August 2024. |
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In light of your increasing capital levels and the upcoming closing of the Allianz acquisition, how do you plan to balance capital deployment between organic growth opportunities and returning capital to shareholders through buybacks or dividends?
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Given the flat net written premiums in your professional lines this quarter, can you provide more detail on the specific lines like D&O, cyber, and healthcare, and explain the factors influencing growth or retraction in these areas?
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With the underlying loss ratio in the insurance business increasing slightly year-over-year despite a higher mix of short-tail business, are you exercising increased conservatism in your casualty lines, and how might this impact your future underwriting approach?
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As some of your peers have experienced adverse development in casualty reserves, how confident are you in the adequacy of your reserves, particularly in the general liability and longer-tail lines?
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Considering the investments you've been making, including those in predictive analytics and technology companies, how will these expenses impact your expense ratio in the insurance segment, especially with the integration of the Allianz business?
Research analysts who have asked questions during ARCH CAPITAL GROUP earnings calls.
Andrew Kligerman
TD Cowen
4 questions for ACGL
Cave Montazeri
Deutsche Bank
4 questions for ACGL
David Motemaden
Evercore ISI
4 questions for ACGL
Elyse Greenspan
Wells Fargo
4 questions for ACGL
Meyer Shields
Keefe, Bruyette & Woods
4 questions for ACGL
Michael Zaremski
BMO Capital Markets
4 questions for ACGL
Andrew Andersen
Jefferies
3 questions for ACGL
Brian Meredith
UBS
3 questions for ACGL
Jamminder Bhullar
JPMorgan Chase & Co.
2 questions for ACGL
Joshua Shanker
Bank of America Merrill Lynch
2 questions for ACGL
Taylor Scott
BofA Securities
2 questions for ACGL
Wesley Carmichael
Autonomous Research
2 questions for ACGL
Alex Scott
Barclays PLC
1 question for ACGL
Jimmy Bhullar
JPMorgan Chase & Co.
1 question for ACGL
Josh Shanker
Bank of America
1 question for ACGL
Wes Carmichael
Autonomous Research
1 question for ACGL
Yaron Kinar
Oppenheimer & Co. Inc.
1 question for ACGL
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Allianz | In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. |
In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. | |
In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. | |
Aviva | In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. |
AXA XL | In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. |
In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. | |
In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. | |
In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. | |
In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. | |
Convex Group Limited | In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. |
Everest Group Ltd. | In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. |
In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. | |
Hannover Rück SE | In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. |
In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. | |
Liberty Mutual Group | In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. |
Lloyd’s | In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. |
In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. | |
Munich Re Group | In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. |
PartnerRe Ltd. | In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. |
In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. | |
In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. | |
In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. | |
Sompo International | In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. |
Swiss Reinsurance Company | In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. |
Tokio Marine | In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. |
In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. | |
In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. | |
Zurich Insurance Group | In the property casualty insurance and reinsurance businesses, the company competes with insurers and reinsurers that provide specialty property and casualty lines of insurance, including this competitor. |
In the mortgage business, the company competes with insurers and reinsurers that provide mortgage insurance, including the U.S mortgage insurance subsidiaries of this competitor. | |
In the mortgage business, the company competes with insurers and reinsurers that provide mortgage insurance, including the U.S mortgage insurance subsidiaries of this competitor. | |
In the mortgage business, the company competes with insurers and reinsurers that provide mortgage insurance, including the U.S mortgage insurance subsidiaries of this competitor. | |
In the mortgage business, the company competes with insurers and reinsurers that provide mortgage insurance, including the U.S mortgage insurance subsidiaries of this competitor. | |
In the mortgage business, the company competes with insurers and reinsurers that provide mortgage insurance, including the U.S mortgage insurance subsidiaries of this competitor. | |
Federal Housing Administration (FHA) | The private mortgage insurers' principal government competitor is this entity, which sponsors its own mortgage insurance programs. |
U.S. Department of Veterans Affairs (VA) | The private mortgage insurers also compete to a lesser degree with this government agency that sponsors its own mortgage insurance programs. |
Helia Group Ltd. | In the non-U.S. mortgage insurance businesses, the company competes with insurance subsidiaries of this competitor in Australia. |
QBE Insurance Group, Ltd. | In the non-U.S. mortgage insurance businesses, the company competes with insurance subsidiaries of this competitor in Australia. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Largest Single Mortgage Insurance Customer | Mortgage insurance coverage | Mortgage Insurance | Accounted for 6.2% of ACGL’s gross premiums written in 2024 , and 7.3% of ACGL’s gross premiums written in 2023. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
U.S. MidCorp and Entertainment Insurance Businesses from Allianz | 2024 | Arch acquired these businesses for $1.8 billion (comprising $450 million in cash and approximately $1.4 billion in estimated capital), utilizing a Loss Portfolio Transfer and a fronting arrangement to support its U.S. middle market and specialty insurance growth, including the integration of 500 employees and key intellectual property. |
RMIC Companies, Inc. | 2024 | Arch completed the acquisition on June 3, 2024, integrating a run-off mortgage insurance business with $3.6 billion in insurance in force from Old Republic International Corporation, which aligns with its strategy to expand mortgage insurance operations and diversify revenue streams. |
Recent press releases and 8-K filings for ACGL.
- Arch highlighted a 15.5% compounded book value per share CAGR since 2001, growing to $23 billion in equity and a $45 billion investment portfolio, while returning $8 billion to shareholders since 2007.
- The firm’s core principles are cycle management, diversification across specialty insurance, reinsurance and mortgage insurance, and disciplined capital allocation guided by a long‐term compensation structure that aligns underwriters’ incentives with shareholder returns.
- In property catastrophe, pricing peaked in 2023 and has since declined by double digits, but Arch maintains it remains attractive, using an “S-curve” approach to adjust deployed capital and managing Florida peak zones carefully.
- Recent acquisitions include 2020’s plurarity stake in Coface and 2023’s purchase of MidCorp, which provides a property-led mid-market package franchise and a specialty entertainment (Hollywood production) line, accelerating Arch’s growth in those segments.
- Shareholder meeting results: On May 7, 2025, the company held its annual meeting where key votes were taken on director elections, advisory votes on executive compensation, auditor ratification, and a shareholder proposal on diversity efforts.
- Dividend declarations: The Board declared dividends for both Series F and Series G preferred shares, with payments scheduled for June 30, 2025, and September 30, 2025, at rates of $0.340625 and $0.284375 per share respectively.
- Filing details: The 8-K filing includes standard updates and exhibits, providing essential financial and corporate announcement information.
- Strong earnings performance: Reported $587M after-tax operating income and $1.54 EPS with an annualized operating ROE of 11.5%, despite experiencing $547M in catastrophe losses due to California wildfires.
- Segment performance and underwriting: The reinsurance, insurance, and mortgage segments delivered robust results, with underwriting improvements and effective integration of acquired middle market businesses bolstering premium growth.
- Disciplined capital management: The company executed share repurchases totaling $296M (with $196M in Q1 and an additional $100M in April) and maintains a strong balance sheet with $20.7B in common equity, supporting ongoing capital return initiatives.