Last $54.70 USD
Change Today +0.11 / 0.20%
Volume 842.4K
ACGL On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

arch capital group ltd (ACGL) Key Developments

Arch Capital Group Ltd. Declares Dividends on its 6.75% Non-Cumulative Preferred Shares, Series C, Payable on September 30, 2014

On September 4, 2014, the Board of Directors of Arch Capital Group Ltd. declared dividends with respect to the outstanding 13,000,000 shares of its 6.75% Non-Cumulative Preferred Shares, Series C, $0.01 per share, with a liquidation preference of $25.00 per share. All such dividends will be payable out of lawfully available funds for the payment of dividends under Bermuda law on September 30, 2014 to holders of record of the Series C Shares, as of September 15, 2014, unless determined otherwise by the Board or the Executive Committee of the Board on or prior to the applicable effective date.

Arch Capital Group Ltd. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Records Impairment Losses for the Quarter Ended June 30, 2014

Arch Capital Group Ltd. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $1,035,660,000 compared with $851,790,000 for the same period a year ago. Income before income taxes was $219,006,000 compared with $182,011,000 for the same period a year ago. Net income available to Arch common shareholders was $202,531,000 or $1.48 per diluted share compared with $171,455,000 or $1.26 per diluted share for the same period a year ago. The company's after-tax operating income available to Arch common shareholders represented an annualized return on average common equity of 11.2% for the 2014 second quarter, compared to 10.9% for the 2013 second quarter. The company's net income available to Arch common shareholders represented an annualized return on average common equity of 14.1% for the 2014 second quarter, compared to 13.8% for the 2013 second quarter. Consolidated cash flow provided by operating activities was $254.2 million for the 2014 second quarter, compared to $182.7 million for the 2013 second quarter, primarily reflecting an increase in premiums collected. For the six months, the company reported total revenues of $1,981,891,000 compared with $1,741,931,000 for the same period a year ago. Income before income taxes was $401,889,000 compared with $443,340,000 for the same period a year ago. Net income available to Arch common shareholders was $379,547,000 or $2.78 per diluted share compared with $422,447,000 or $3.11 per diluted share for the same period a year ago. The company's book value per common share was $43.73 at June 30, 2014, an 18.8% increase from $36.80 per share at June 30, 2013. Cash flow from operations was $451,563,000 compared to $388,354,000 a year ago. For the quarter, the company recognized net impairment losses of $14,749,000 compared with $724,000 for the same period a year ago.

Arch Capital Group Ltd. Appoints Louis J. Paglia and Eugene S. Sunshine to Board of Directors

Arch Capital Group Ltd. announced that Louis J. Paglia and Eugene S. Sunshine have been appointed to the Company's Board of Directors. Mr. Paglia founded Customer Choice LLC in April 2010. He previously served as Executive Vice President of UIL Holdings Corporation. Mr. Sunshine is the Senior Vice President for Business and Finance at Northwestern University, the University's chief financial and administrative officer.

Arch Capital Group Ltd. Announces Promotions in the Reinsurance Group

Arch Capital Group Ltd. announced promotions in the reinsurance group to support the recent expansion of the company's mortgage insurance and reinsurance operations. Marc Grandisson recently assumed the position of Chairman and CEO of Arch Worldwide Reinsurance and Mortgage Groups, responsible for the company's global reinsurance and mortgage operations. Mr. Grandisson has been with the company since 2001 and has led the company's reinsurance group since 2005. He reports to Constantine (Dinos) Iordanou, Chairman, President and CEO of Arch Capital Group Ltd. Nicolas Papadopoulo has been promoted to the position of CEO Reinsurance Group. In that role, Mr. Papadopoulo will have direct responsibility for the Company's global reinsurance operations and will report to Mr. Grandisson. Mr. Papadopoulo has been with the Company since 2001 and most recently served as Chairman and CEO of Arch Reinsurance Ltd. based in Bermuda (Arch Re Bermuda). Maamoun Rajeh, who is President and CEO of Arch Reinsurance Europe Underwriting Limited (Arch Re Europe), will assume the position of Chairman and CEO of Arch Re Bermuda, reporting to Mr. Papadopoulo. Mr. Rajeh has been with the Company since 2001. Scott Stirling also recently joined Arch Re Bermuda and will assume the position of Chief Underwriting Officer of Arch Re Bermuda. Mr. Stirling has over 30 years of reinsurance underwriting experience and most recently served as Vice President - Underwriting Officer of Berkshire Hathaway, where he previously worked with Mr. Grandisson and other members of the Company's senior team. The above changes are subject to applicable immigration approvals. Michael Hammer, who is Head, Credit & Surety of Arch Re Europe, will succeed Mr. Rajeh as President and CEO of Arch Re Europe, subject to the approval of the Central Bank of Ireland. Mr. Hammer has been with the Company since 2012 and has over 20 years of reinsurance industry experience. Additionally, Pierre Jal has been promoted to the new position of Chief Underwriting Officer of Arch Re Europe. Mr. Jal joined the Company in 2007 and most recently served as Chief Underwriting Officer Property and Casualty of Arch Re Europe. Jerome Halgan will assume the position of President of Arch Reinsurance Company, reporting to Tim Olson, Chairman and CEO of Arch Re US. Mr. Halgan joined the Company in 2009, serving most recently as Chief Underwriting Officer of Arch Re Bermuda. Mr. Halgan's appointment is subject to applicable immigration approvals. In addition, James Franson has been promoted to the position of Executive Vice President - Chief Underwriting Officer of Arch Re US and will report to Mr. Halgan. Mr. Franson has been with the Company since 2001, serving most recently as Executive Vice President - Specialty Casualty. Mr. Franson succeeds Dale Vincent, who has assumed the new position of Managing Director in the Company's growing mortgage insurance division, where he will play a key role in developing and executing strategic initiatives. Mr. Vincent joined the Company in 2001, serving in various senior roles, including Chief Underwriting Officer of Arch Re US. Kenneth Vivian has succeeded Steven Franklin as the President and CEO of Arch Re Facultative. Mr. Vivian joined the Company in 2007 as Executive Director of Arch Re Facultative. Mr. Franklin will continue with the Company as a Senior Advisor for the reinsurance division. In addition, Scott Montgomery and Santiago Hernandez have been promoted to the position of Executive Director. Mr. Montgomery joined the Company in 2007 as a Managing Director of Arch Re Facultative, and Mr. Hernandez has been with the Company since 2007 as Chief Referral Officer of Arch Re Facultative. With respect to the Company's mortgage operations, and as previously announced, Andrew Rippert serves as CEO Global Mortgage Insurance and Reinsurance, reporting to Mr. Grandisson, and Arch U.S. MI is led by President and CEO David Gansberg, who reports to Mr. Rippert. Additionally, Giuliano Giovannetti serves as President and CEO of Arch Mortgage Insurance Limited based in Ireland, reporting to Mr. Rippert.

Arch Capital Group Ltd. to Report Q2, 2014 Results on Jul 31, 2014

Arch Capital Group Ltd. announced that they will report Q2, 2014 results at 5:00 PM, SA Western Standard Time on Jul 31, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
ACGL:US $54.70 USD +0.11

ACGL Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Alleghany Corp $425.34 USD -3.87
Axis Capital Holdings Ltd $48.34 USD +0.10
Cincinnati Financial Corp $48.07 USD -0.31
Everest Re Group Ltd $163.10 USD -0.12
Markel Corp $639.90 USD -6.94
View Industry Companies
 

Industry Analysis

ACGL

Industry Average

Valuation ACGL Industry Range
Price/Earnings 11.5x
Price/Sales 1.9x
Price/Book 1.2x
Price/Cash Flow 11.1x
TEV/Sales 0.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ARCH CAPITAL GROUP LTD, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.