Company Overview of Arch Reinsurance Company Inc.
Arch Reinsurance Company Inc. provides specialty casualty reinsurance products and services. It underwriters various distressed lines of businesses. Arch Reinsurance Company Inc. was formerly known as Risk Capital Reinsurance Company and changed its name to Arch Reinsurance Company Inc. in April 2000. The company was founded in 1995 and is based in Morristown, New Jersey with additional underwriting offices in the San Francisco and Chicago areas. Arch Reinsurance Company Inc. operates as a subsidiary of Arch Capital Group Ltd.
445 South Street
P.O. Box 1988
Morristown, NJ 07962-1988
Founded in 1995
Key Executives for Arch Reinsurance Company Inc.
Chairman and Chief Executive Officer
Chairman of the Arch Worldwide Reinsurance Group
Chief Actuary and Executive Vice President
Compensation as of Fiscal Year 2014.
Arch Reinsurance Company Inc. Key Developments
Arch Reinsurance Company Announces Executive Changes
Jul 7 14
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.
Arch Capital Group Ltd. Enters into an Amended and Restated Credit Agreement
Jul 1 14
Arch Capital Group Ltd. and its subsidiaries, Arch Capital Group (U.S.) Inc., Arch Reinsurance Ltd., Arch Reinsurance Company, Arch Reinsurance Europe Underwriting Limited, Arch Insurance Company, Arch Specialty Insurance Company and Arch Insurance Company (Europe) Limited, (such subsidiaries are referred to as designated subsidiary borrowers and, together with ACGL, the borrowers), entered into an amended and restated credit agreement with Bank of America, N.A., as administrative agent, Fronting Bank and L/C Administrator, JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as Co-Syndication Agents, U.S. Bank National Association and Lloyds Bank plc, as Co-Documentation Agents, Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as Joint Lead Arrangers and Joint Book Managers and the other lenders party thereto. Under the terms of the credit agreement, up to $500 million of secured letters of credit may be issued to the Designated Subsidiary Borrowers. An unsecured revolving loan and unsecured letters of credit are available to ACGL and ACUS, and unsecured letters of credit are available for each of ACGL, ARL and ARC, with a limit of $100 million for each of ARL and ARC, and with the aggregate of loans and unsecured letters of credit not to exceed $300 million.
Arch Capital Group Ltd. and its Subsidiaries Enter into First Amendment to the Credit Agreement
Dec 10 13
On December 9, 2013, Arch Capital Group Ltd. and its subsidiaries Arch Reinsurance Ltd., Arch Reinsurance Company, Arch Reinsurance Europe Underwriting Limited, Arch Insurance Company, Arch Specialty Insurance Company, Arch Excess & Surplus Insurance Company, Arch Insurance Company (Europe) Limited and Arch Capital Group (U.S.) Inc. entered into a first amendment to the credit agreement, dated as of August 18, 2011, with Bank of America, N.A., as administrative agent, Fronting Bank and L/C administrator, JPMorgan Chase Bank, N.A., as Fronting Bank, L/C administrator and syndication agent, Citibank, N.A., U.S. Bank National Association and Wells Fargo Bank, National Association, as co-documentation agents, the other lenders party thereto, and Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, as joint lead arrangers and joint book managers. The first amendment adds ACUS as a permissible borrower under the unsecured revolving loan. Under the credit agreement, unsecured letters of credit are also available to ACGL, and unsecured letters of credit are available for up to $100 million to each of ARL and ARC, with the aggregate of loans and unsecured letters of credit not to exceed $300 million. In connection with the first amendment ACGL entered into a guaranty, dated as of December 9, 2013, which provides that ACGL will guaranty the obligations of ACUS under the credit agreement, and ACUS entered into a guaranty, dated as of December 9, 2013 under which ACUS will guaranty the obligations of ACGL under the credit agreement.
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