Arch Capital Group Ltd. (ACGL) history, profile and corporate video
Arch Capital Group Ltd. (ACGL) is a provider of insurance, reinsurance and mortgage insurance solutions headquartered in Hamilton, Bermuda. It was initially founded as Risk Capital Holdings, Inc. in 1995.
In 2000, Risk Capital Holdings sold the reinsurance operations of its subsidiary Risk Capital Reinsurance Co. to Folksamerica Reinsurance Co. At the same time, it changed its name to Arch Capital Group Ltd.
In 2016, Arch Mortgage Guaranty acquired United Guaranty, AIG‘s mortgage insurance unit, making Arch the world’s largest mortgage insurer.
In 2021, Arch, along with investment partners Kelso & Co. and Warburg Pincus, acquired Watford Holdings Ltd. Arch also acquired Westpac Lenders Mortgage Insurance Limited, and Arch Reinsurance Ltd. acquired Somerset Bridge Group.
The company operates through the following segments: Insurance, Reinsurance, and Mortgage.
Insurance
Arch Insurance provides specialty risk solutions to clients worldwide across a range of industries.
Reinsurance
The Reinsurance segment offers treaty and facultative property and casualty reinsurance on a worldwide basis.
Mortgage
Arch MI provides risk management, risk financing and capital optimizing products to the housing sector globally.
With more than 4,500 employees, Arch Capital Group Ltd. is considered one of the Top 2000 Largest Public Companies in the World, according to Forbes.
*Information from Forbes.com, Wikipedia.org, and www.archgroup.com.
**Video published on YouTube by “Kim Fernández“.