Arch Capital Group Ltd. Stock News

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PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Capital Group Ltd. (NASDAQ: ACGL, “Arch” or “the Company”) today announced that its Board of Directors (Board) has declared a special cash dividend (special dividend) of $1.9 billion to common shareholders, representing $5.00 per outstanding common share. The special dividend is payable on Dec. 4, 2024, to common shareholders of record on Nov. 18, 2024. ...

Arch delivered solid Q3 results but concerns about its Allianz unit acquisition have weighed on shares. Q3 earnings were reduced by cat losses, with more losses likely in Q4, but given its diverse exposures, Arch remains profitable even during hurricanes. Recent management change has added to uncertainty, but its emphasis on strong underwriting remains in place.

Arch Capital Group Ltd. (NASDAQ:ACGL ) Q3 2024 Results Conference Call October 31, 2024 11:00 AM ET Company Participants Nicolas Papadopoulo - Chief Executive Officer Francois Morin - Chief Financial Officer Conference Call Participants Elyse Greenspan - Wells Fargo Andrew Kligerman - TD Cowen Michael Zaremski - BMO Capital Markets Jamminder Bhullar - JPMorgan Cave Montazeri - Deutsche Bank Dav...

PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch,” “our” or “the Company”) announces its 2024 third quarter results. The results included: Net income available to Arch common shareholders of $978 million, or $2.56 per share, representing a 19.0% annualized net income return on average common equity, compared to net income available to Arch common shareholders of ...

The U.S. property and casualty market is projected to grow at a 6.4% CAGR from 2024 to 2030, favoring Arch's diversified portfolio. In Q2 2024, ACGL's mortgage insurance segment maintained high credit quality, with 69.5% of new loans having FICO scores above 740. A 50-basis-point drop in interest rates could increase the Company's fixed-income portfolio by approximately $378 million.

PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Capital Group Ltd. (“Arch” or “the Company”) today announced it held a private memorial event to honor and celebrate the life of former CEO Dinos Iordanou on Oct. 14 in New York City. Attended by family members, close friends and long-time colleagues, the event paid tribute to Iordanou's lasting contributions to Arch and the insurance industry at large. ...

PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Capital Group Ltd. (NASDAQ: ACGL, “Arch,” “our” or “the Company”) today announced that Nicolas Papadopoulo has been named Chief Executive Officer and is joining the Board of Directors effective immediately. Papadopoulo has held his current positions of President and Chief Underwriting Officer since 2021 and previously served in various leadership and und...