Sign in

    Arch Capital Group Ltd (ACGL)

    You might also like

    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 .

    1. 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 .

    2. Reinsurance - Provides worldwide coverage, including casualty, marine and aviation, other specialty, property catastrophe, and property excluding property catastrophe .

    3. Mortgage - Includes U.S. primary mortgage insurance, U.S. credit risk transfer, and international mortgage insurance and reinsurance operations .

    NamePositionExternal RolesShort 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.

    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.

    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.

    1. 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?

    2. 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?

    3. 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?

    4. 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?

    5. 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?

    Program DetailsProgram 1
    Approval DateDecember 19, 2022
    End Date/DurationDecember 31, 2024
    Total additional amount$1.0 billion
    Remaining authorization$1.0 billion
    DetailsThe program aims to repurchase shares opportunistically based on market conditions and other factors.
    YearAmount Due (in millions)Debt TypeInterest Rate (%)% of Total Debt
    2026$477Senior Notes4.01117.5% = (477 / 2,727) * 100
    2034$300Senior Notes7.35011.0% = (300 / 2,727) * 100
    2043$500Senior Notes5.14418.3% = (500 / 2,727) * 100
    2046$450Senior Notes5.03116.5% = (450 / 2,727) * 100
    2050$1,000Senior Notes3.63536.7% = (1,000 / 2,727) * 100

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    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.

    CustomerRelationshipSegmentDetails

    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.

    NameStart DateEnd DateReason for Change
    PricewaterhouseCoopers LLP1995 PresentCurrent auditor

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    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 developments and announcements about ACGL.

    Earnings

    • New Earnings (Q4 2024)

      ·
      7 days ago

      Arch’s Q4 shows double-digit E&S rate hikes fueling premium growth, with London specialty premiums reaching $1.5B. MidCorp adds ~1pt to the underlying loss ratio, now ~58%, and raises cat load to 7–8%. Management remains poised for buybacks if shares stay low.

      View full earnings summary →

    8-K Filings

    • 8-K Filing

      ·
      Feb 19, 2025, 9:34 PM
      Other Events

      ACGL’s Board declared dividends on Feb. 26 for its Series F and Series G preferred shares. Payment is set for Mar. 31, 2025. Series F dividend is $4,496,250 at $0.340625/share; Series G dividend is $5,687,500 at $0.284375/share.

      View full 8-K filing →