Jump to content
 







Main menu
   


Navigation  



Main page
Contents
Current events
Random article
About Wikipedia
Contact us
Donate
 




Contribute  



Help
Learn to edit
Community portal
Recent changes
Upload file
 








Search  

































Create account

Log in
 









Create account
 Log in
 




Pages for logged out editors learn more  



Contributions
Talk
 



















Contents

   



(Top)
 


1 History  





2 Notable employees  





3 References  





4 External links  














Arch Capital Group






فارسی
Oʻzbekcha / ўзбекча
Русский
 

Edit links
 









Article
Talk
 

















Read
Edit
View history
 








Tools
   


Actions  



Read
Edit
View history
 




General  



What links here
Related changes
Upload file
Special pages
Permanent link
Page information
Cite this page
Get shortened URL
Download QR code
Wikidata item
 




Print/export  



Download as PDF
Printable version
 
















Appearance
   

 






From Wikipedia, the free encyclopedia
 


Arch Capital Group Ltd.
Company typePublic

Traded as

  • S&P 500 component
  • Industry
  • Finance
  • Founded2000; 24 years ago (2000)
    Founders
    • Robert Clements
  • Peter A. Appel
  • HeadquartersHamilton, Bermuda

    Key people

    • John M. Pasquesi (Chair)
  • Marc Grandisson (CEO)
  • François Morin (CFO)
  • Paul Ingrey (former Chairman and CEO), Arch Reinsurance
  • Dinos Iordanou (former President and CEO)
  • RevenueIncrease US$9.25 billion (2021)

    Operating income

    1,562,384,000 United States dollar (2022) Edit this on Wikidata

    Net income

    Increase US$2.24 billion (2021)
    Total assetsIncrease US$45.11 billion (2021)
    Total equityDecrease US$13.55 billion (2021)

    Number of employees

    c. 5,800 (February 2023)
    Websitearchgroup.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 2023, Arch Capital employed approximately 5,800 people worldwide.[16]

    Notable employees[edit]

    References[edit]

    1. ^ Arch website, About Arch, accessed March 29, 2018.
  • ^ Arch website, About Mortgage Insurance, accessed March 29, 2018.
  • ^ Crombie, Roger (Summer 2001). "Golden Arches". Bermudian Business.
  • ^ "RISK CAPITAL HOLDINGS BECOMES ARCH CAPITAL | Journal of Commerce". joc.com. 2000-05-10. Retrieved 2024-03-23.
  • ^ "Folksamerica to acquire Risk Capital Re". Business Insurance. Retrieved 2024-03-23.
  • ^ "Risk Capital Holdings Becomes Arch Capital | Journal of Commerce". joc.com. 2000-05-10. Retrieved 2024-03-23.
  • ^ "About Arch - History". Arch Capital Group Ltd. Retrieved 2024-03-23.
  • ^ "Arch Capital Bermuda Sub Fully Funded". Insurance Journal. 2001-11-20. Retrieved 2024-03-23.
  • ^ "About Arch - History". Arch Capital Group Ltd. Retrieved 2024-03-23.
  • ^ "About Arch - History". Arch Capital Group Ltd. Retrieved 2024-03-23.
  • ^ "Arch Capital Group Names Iordanou President and CEO". Insurance Journal. 2003-07-14. Retrieved 2024-03-23.
  • ^ "Grandisson Named CEO of Arch Capital, Succeeding Iordanou Who Has Retired". Insurance Journal. 2018-03-20. Retrieved 2024-03-23.
  • ^ 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.
  • ^ "About Arch - History". Arch Capital Group Ltd. Retrieved 2024-03-23.
  • ^ "Arch Capital Group To Replace Twitter In S&P 500". markets.businessinsider.com. Retrieved 2024-03-23.
  • ^ "About Arch - History". Arch Capital Group Ltd. Retrieved 2024-03-23.
  • External links[edit]


  • t
  • e

  • Retrieved from "https://en.wikipedia.org/w/index.php?title=Arch_Capital_Group&oldid=1227112226"

    Categories: 
    Companies in the NASDAQ Financial-100
    Companies listed on the Nasdaq
    Financial services companies established in 1995
    Insurance companies of Bermuda
    Financial services company stubs
    Hidden categories: 
    Pages with non-numeric formatnum arguments
    Articles with short description
    Short description is different from Wikidata
    Articles needing additional references from May 2017
    All articles needing additional references
    Official website different in Wikidata and Wikipedia
    All stub articles
     



    This page was last edited on 3 June 2024, at 19:49 (UTC).

    Text is available under the Creative Commons Attribution-ShareAlike License 4.0; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization.



    Privacy policy

    About Wikipedia

    Disclaimers

    Contact Wikipedia

    Code of Conduct

    Developers

    Statistics

    Cookie statement

    Mobile view



    Wikimedia Foundation
    Powered by MediaWiki