Last $54.57 USD
Change Today -0.15 / -0.27%
Volume 590.7K
ACGL On Other Exchanges
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Exchange
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As of 8:10 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

arch capital group ltd (ACGL) Snapshot

Open
$54.89
Previous Close
$54.72
Day High
$54.99
Day Low
$54.28
52 Week High
12/31/13 - $59.78
52 Week Low
02/7/14 - $52.23
Market Cap
7.3B
Average Volume 10 Days
393.4K
EPS TTM
$4.59
Shares Outstanding
134.1M
EX-Date
--
P/E TM
11.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for ARCH CAPITAL GROUP LTD (ACGL)

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arch capital group ltd (ACGL) Details

Arch Capital Group Ltd., through its subsidiaries, provides insurance and reinsurance solutions worldwide. It operates in two segments, Insurance and Reinsurance. The Insurance segment offers primary and excess casualty insurance coverage, including railroad and middle market energy business, as well as to middle and large accounts in the construction industry; directors’ and officers’ liability insurance; medical professional and general liability insurance; collateral protection, debt cancellation, and service contract reimbursement products; loss sensitive primary casualty insurance programs; professional liability; general liability, commercial automobile, inland marine, and property insurance to program managers; property, energy, marine, and aviation; surety; and travel and accident insurance products. It also provides other insurance products, such as captive insurance programs; accident, disability, and medical plan insurance coverage for employer groups, medical plan members, students, and other participant groups; and excess workers’ compensation and employers’ liability insurance coverage for qualified self-insured groups, associations, and trusts. This segment markets its products through a group of licensed independent retail and wholesale brokers. The Reinsurance segment reinsures third party liability and worker’s compensation exposures; catastrophic perils on a treaty basis; and individual property risks of a ceding company. It also writes marine and aviation business; mortgage reinsurance and life reinsurance on proportional and non-proportional basis; casualty clash business; and other specialty lines, including the U.K. motor, surety, accident and health, private passenger auto, workers’ compensation catastrophe, agriculture, trade credit, and political risk. This segment markets its reinsurance products through brokers, and directly to ceding companies. The company was founded in 1995 and is headquartered in Pembroke, Bermuda.

1,820 Employees
Last Reported Date: 03/3/14
Founded in 1995

arch capital group ltd (ACGL) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $5.5M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $1.9M
Chairman of Arch Worldwide Reinsurance and Mo...
Total Annual Compensation: $3.1M
Chief Executive Officer of Arch Worldwide Ins...
Total Annual Compensation: $1.5M
Chief Investment Officer, Senior Vice Preside...
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2013.

arch capital group ltd (ACGL) Key Developments

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. Enters into an Amended and Restated Credit Agreement

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.

 

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Industry Analysis

ACGL

Industry Average

Valuation ACGL Industry Range
Price/Earnings 12.1x
Price/Sales 2.0x
Price/Book 1.3x
Price/Cash Flow 11.5x
TEV/Sales 0.5x
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