Arch Capital Group Ltd. to Report 2026 Second Quarter Results on July 28
Arch Capital Group Ltd. announced it expects to release its 2026 second quarter results after the close of regular stock market hours on Tuesday, July 28. The Company will hold a conference call for investors and analysts at 10 a.m. ET on Wednesday, July 29.
A live webcast of this call will be available via the Investors section of the Company’s website at http://www.archgroup.com/investors.
A recording of the webcast will be available in the Investors section of the Company’s website approximately two hours after the event concludes. A transcript of the webcast will also be available in the Investors section of the Company’s website approximately 24 hours after the posting of the recording.
Both the recording and the transcript will be archived on the site for one year.
Arch Capital Group Appoints Jerome Halgan CEO of Global Reinsurance and Michael Schmeiser CEO of Global Mortgage
Arch Capital Group Ltd., a leading provider of insurance, reinsurance and mortgage insurance globally, announced the promotions of Jerome Halgan to CEO of Arch Global Reinsurance Group and Michael Schmeiser to CEO of Arch Global Mortgage Group. Both will continue to report to Arch President Maamoun Rajeh.
“Jerome and Michael are experienced leaders who are deeply grounded in Arch’s underwriting culture and corporate values, and they have consistently outperformed through market cycles,” Rajeh said. “Through disciplined capital deployment and strong relationships, both have contributed meaningfully to the strength of our global platform. Their leadership will help us continue to activate Arch’s deep bench of talent, execute with consistency and position us to deliver long-term value for clients and shareholders.”
Halgan joined Arch in 2009. He has served as President and Chief Underwriting Officer of Arch Reinsurance Group since 2024, and as CEO of Arch Re Bermuda since 2018. Schmeiser joined Arch in 2017 and has served as President and CEO of Arch U.S. Mortgage since 2019.
“I am honored for this opportunity to continue building Arch’s global reinsurance platform side-by-side with some of the brightest minds in the industry,” Halgan said. “Our approach remains consistent: applying disciplined underwriting, managing the cycle carefully and deepening our relationships with brokers and cedants. That foundation allows us to deliver the insights and solutions our clients need and to grow the business over the long term.”
“I’m proud to step into this role leading the world’s foremost provider of mortgage credit risk solutions,” Schmeiser said. “Our diverse businesses are supported by analytical rigor, strong relationships and a depth of experience unmatched in the industry. I look forward to applying my knowledge of our U.S. operations to our other Global Mortgage businesses and collaborating more closely with our teams around the world.”
These appointments follow the recent expansion of Maamoun Rajeh’s role as President of Arch. Arch Insurance North America CEO Matt Shulman and Arch Insurance International CEO Hugh Sturgess will continue to report to Rajeh.
Arch Capital Group Ltd. Announces $2,000,000,000 Public Offering of Senior Notes
Arch Capital Group Ltd. (NASDAQ: ACGL) (“Arch” or the “Company”) announced the pricing of its offering of $600,000,000 aggregate principal amount of 5.250% senior notes due 2036 (the “2036 Notes”) and $1,400,000,000 aggregate principal amount of 5.950% senior notes due 2056 (the “2056 Notes” and, together with the 2036 Notes, the “Notes”). The Company intends to use the net proceeds of this offering (i) to redeem, repurchase, repay or otherwise retire the outstanding $500,000,000 aggregate principal amount of 4.011% Senior Notes due 2026 issued by Arch Capital Finance LLC (“Arch Finance”), (ii) to pay the tender price of the previously announced tender offers through its wholly-owned subsidiaries, Arch Capital Group (U.S.) Inc. (“Arch Capital Group”) and Arch Finance for Arch Capital Group’s 5.144% Senior Notes due 2043 (the “2043 Notes”) and Arch Finance’s 5.031% Senior Notes due 2046 (the “2046 Notes”, and together with the 2043 Notes, the “Tender Offer Notes”), and (iii) the balance, if any, for general corporate purposes. The offering is expected to close on June 9, 2026, subject to the satisfaction of customary closing conditions.
The offering is being led by Wells Fargo Securities, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC and Lloyds Securities Inc., as active joint book-running managers.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, including the Notes and Tender Offer Notes, in any jurisdiction in which the offer, solicitation or sale is not permitted. The offering is being made pursuant to the Company’s effective shelf registration statement previously filed with the Securities and Exchange Commission. This offering may be made only by means of a prospectus, including a preliminary prospectus supplement, forming a part of the effective registration statement.
Arch Capital Group Ltd. Reports 2025 Fourth Quarter Results
Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch,” “our” or “the Company”) announces its 2025 fourth quarter results. The results included:
Net income available to Arch common shareholders of $1.2 billion, or $3.35 per share, representing a 21.2% annualized net income return on average common equity, compared to net income available to Arch common shareholders of $925 million, or $2.42 per share, for the 2024 fourth quarter.
After-tax operating income available to Arch common shareholders (1) of $1.1 billion, or $2.98 per share, representing an 18.9% annualized operating return on average common equity (1), compared to $866 million, or $2.26 per share, for the 2024 fourth quarter.
Pre-tax current accident year catastrophic losses for the Company’s insurance and reinsurance segments, net of reinsurance and reinstatement premiums, of $164 million.
Favorable development in prior year loss reserves, net of related adjustments, of $118 million.
Combined ratio excluding catastrophic activity and prior year development (1) of 79.5%, compared to 79.0% for the 2024 fourth quarter.
Share repurchases of $798 million.
Book value per common share of $65.11 at December 31, 2025, a 4.5% increase from September 30, 2025.
“Our 2025 financial performance was outstanding, once again demonstrating the value of our diversified platform and our ability to effectively execute our cycle management strategy. I want to thank each of our 8,000+ employees for making these fantastic results possible,” Arch CEO Nicolas Papadopoulo said. “We enter 2026 with optimism in our ability to continue delivering superior results for our shareholders.”
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Arch Capital Group Ltd. to Report 2025 Fourth Quarter Results on February 9
Arch Capital Group Ltd. announced it expects to release its 2025 fourth quarter results after the close of regular stock market hours on Monday, Feb. 9.
The Company will hold a conference call for investors and analysts at 10 a.m. ET on Tuesday, Feb. 10.
A live webcast of this call will be available via the Investors section of the Company’s website at http://www.archgroup.com/investors.
A recording of the webcast will be available in the Investors section of the Company’s website approximately two hours after the event concludes. A transcript of the webcast will also be available in the Investors section of the Company’s website approximately 24 hours after the posting of the recording. Both the recording and the transcript will be archived on the site for one year.
Arch Capital Group Ltd. Reports 2024 Fourth Quarter Results
Net income available to Arch common shareholders of $925 million, or $2.42 per share, representing a 17.9% annualized net income return on average common equity, compared to net income available to Arch common shareholders of $2.3 billion, or $6.12 per share, for the 2023 fourth quarter.
After-tax operating income available to Arch common shareholders(1) of $866 million, or $2.26 per share, representing a 16.7% annualized operating return on average common equity(1), compared to $945 million, or $2.49 per share, for the 2023 fourth quarter.
Pre-tax current accident year catastrophic losses for the Company’s insurance and reinsurance segments, net of reinsurance and reinstatement premiums, of $393 million, due in part to Hurricanes Milton and Helene.
Favorable development in prior year loss reserves, net of related adjustments, of $146 million.
Combined ratio excluding catastrophic activity and prior year development(1)of 79.0%, compared to 78.9% for the 2023 fourth quarter.
Share repurchases of approximately $24 million, in addition to the already communicated special cash dividend to common shareholders of $1.9 billion, or $5.00 per share, paid on December 4, 2024.
Book value per common share of $53.11 at December 31, 2024, a 6.8% decrease from September 30, 2024 (or a 1.9% increase excluding the impact of the special cash dividend noted above).
Nicolas Papadopoulo, Arch CEO, commented: “We closed the year with a very strong fourth quarter including contributions from all our earnings sources. These are excellent results when you consider the elevated catastrophe environment and the increased risk levels across many lines of business.” Papadopoulo added, “Additionally, on behalf of everyone at Arch, I would like to offer our thoughts and sympathies to everyone affected by the California wildfires. This devastating event will require the coordinated efforts of many, particularly the insurance industry, to help rebuild. While still too early to fully assess the magnitude of this disaster, our current view of the insured market loss will be between $35 billion and $45 billion, making Arch’s expected share of the event somewhere between $450 million and $550 million.”
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Arch Capital Group Ltd. Reported 2024 Second Quarter Results
Arch Capital Group Ltd. announced its 2024 second quarter results. The results included:
Net income available to Arch common shareholders of $1.3 billion, or $3.30 per share, representing a 26.3% annualized net income return on average common equity, compared to net income available to Arch common shareholders of $661 million, or $1.75 per share, for the 2023 second quarter.
After-tax operating income available to Arch common shareholders(1)of $981 million, or $2.57 per share, representing a 20.5% annualized operating return on average common equity(1), compared to $726 million, or $1.92 per share, for the 2023 second quarter.
Pre-tax current accident year catastrophic losses for the Company’s insurance and reinsurance segments, net of reinsurance and reinstatement premiums, of $196 million.
Favorable development in prior year loss reserves, net of related adjustments, of $124 million.
Combined ratio excluding catastrophic activity and prior year development(1)of 76.7%, compared to 79.7% for the 2023 second quarter.
Book value per common share of $52.75 at June 30, 2024, a 6.9% increase from March 31, 2024.
Marc Grandisson, Chief Executive Officer of ACGL commented: “Our excellent results this quarter highlight the value of our ongoing commitment to bottom-line returns combined with disciplined execution throughout the underwriting cycle. We are pleased with the contributions made by our underwriting and investment teams, which are key to us being able to consistently generate returns above our target.”
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Christine Todd to Join Arch Capital Group Ltd. as Chief Investment Officer
Arch Capital Group Ltd. announced that Christine Todd will join the company as Chief Investment Officer (CIO), effective June 7, 2021, subject to regulatory approval. In this role, Todd will report to Marc Grandisson, CEO of ACGL, and will have responsibility for setting the firm’s investment strategy and managing the day-to-day operations of the investment portfolio.
Todd succeeds W. Preston Hutchings who is retiring from Arch later this year, but will stay with the Company as a Senior Adviser assisting Grandisson with special projects. During his tenure, Hutchings was instrumental in supporting the company’s growth, as evidenced by the size of the company’s investment portfolio which grew from $6 billion to over $26 billion.
“Christine is a dynamic and strategic investment leader with the experience and expertise to help bring our strong investment team into the next era,” said Grandisson. “Her deep understanding of the insurance industry, her ability to lead and develop teams, and her strong ability to collaborate across an organization make her a welcome addition to Arch and to our Executive Leadership Team.
“I would like to thank Preston for his contributions to the Company over the past 16 years. He assembled a world-class investment team that produced excellent results for our shareholders amid an evolving economic landscape and numerous financial stresses and challenges. We are eternally grateful for his guidance and leadership in managing our portfolio,” Grandisson added.
Todd most recently served as the Head of Fixed Income, U.S. for Amundi US, and brings over 30 years of experience to the role. She has also held executive roles at Neighborly Investments, Standish Mellon Asset Management Company LLC and Gannett, Welsh & Kotler. She is a Chartered Financial Analyst and holds a bachelor’s degree from Georgetown University and an MBA from Boston University.
Papadopoulo Promoted to President, Chief Underwriting Officer of Arch Capital Group
Arch Capital Group Ltd. (ACGL) announced that Nicolas Papadopoulo will be promoted to the position of president and chief underwriting officer, effective Jan. 1, 2021.
Papadopoulo joined Arch in 2001 and currently serves as chairman and CEO of Arch Worldwide Insurance Group and chief underwriting officer for Property and Casualty Operations.
Nicolas Papadopoulo
In his expanded role, Papadopoulo will continue to report to Marc Grandisson, CEO of ACGL, and will have responsibility for Arch’s three operating segments – Insurance, Reinsurance and Mortgage – as well as oversight of the Strategy and Innovation team.
Papadopoulo has held his current role since September 2017. Previously he was chairman and chief executive officer of Arch Reinsurance Group. Papadopoulo graduated from École Polytechnique in France and École Nationale de la Statistique et de l’Administration Economique in France with a master’s degree in statistics. He is also a Member of the International Actuarial Association and a Fellow at the French Actuarial Society.
“Nicolas has a strong understanding of our businesses and, by aligning our three segments under his leadership, we will benefit from additional focus and coordination as our company continues its growth trajectory. With Nicolas’ operational oversight of the segments, I’ll be able to continue to focus on Arch’s long-term strategic priorities and fostering our unique, entrepreneurial culture,” said Grandisson.
“With Maamoun Rajeh running Reinsurance, David Gansberg leading Mortgage, our current Insurance leadership team of Matt Shulman, Hugh Sturgess and John Mentz, and Jay Rajendra leading Strategy and Innovation, I believe we are well positioned to succeed in today’s market and to continue our strong history of managing our businesses throughout the cycle,” said Papadopoulo.
Arch Capital buys Barbican
Arch Capital Group has announced the purchase of Barbican Group Holdings, which includes Barbican Managing Agency, Arcus 1856 and Castel Underwriting Agencies, for an undisclosed amount.
The purchase will be funded by US asset management firm Carlson Capital.
The acquisition is expected to be completed in Q3 or Q4 2019, conditional on regulatory approval.
Hugh Sturgess, president and CEO at Arch Insurance International, described the decision: “The acquisition of Barbican deepens Arch’s commitment to both Lloyd’s and the London market and provides our broker partners with a more comprehensive array of products and expertise.”
In April 2019, Arch UK purchased both Obelisk Underwriting and Axiom Underwriting.