Arch Capital Group Ltd. (Arch Capital or ACGL) is a Bermuda-based public limited company which writes insurance, reinsurance and mortgage insurance on a worldwide basis, with a focus on specialty lines, the segment of the insurance industry where the more difficult and unusual risks are written. It has operations in Bermuda, the United States, Canada, Europe, Australia and, in the case of mortgage insurance, Hong Kong.
5-457: The company was founded in May 2000 by Robert Clements and Peter A. Appel, with Appel as President and CEO. The company's predecessor entity, Risk Capital Holdings had previously sold substantially all of the reinsurance operations of Risk Capital Reinsurance Co., its wholly owned subsidiary, to Folksamerica Reinsurance Co. , and the surviving vehicle was the entity used to form Arch Capital. Following
10-479: Is a stub . You can help Misplaced Pages by expanding it . Folksamerica Holding Company, Inc. White Mountains Insurance Group is a diversified insurance and related financial services holding company based in Hamilton, Bermuda . Redomiciled from Delaware, United States, on October 25, 1999, the company conducts most of its business through its insurance subsidiaries and other affiliates. The company owned
15-555: The automobile insurer Esurance before selling it to Allstate for $ 1 billion. White Mountain Insurance Group began in the early 1980s by John J. Byrne , the man recruited by American Express to turn around troubled property and casualty insurer Fireman's Fund. When Byrne took Fireman's Fund public in 1985, it was the largest IPO in American history, and the insurer was sold to Allianz six years later. Upon completion of
20-552: The event of September 11, 2001, Arch Capital launched an underwriting initiative to address the global demand for insurance and reinsurance capacity. In October 2001, Paul Ingrey joined the company to oversee its reinsurance operations and in January 2002, Dinos Iordanou was hired to run the company's insurance business. In 2003, Iordanou succeeded Appel as Arch Capital's President and CEO, and Arch Capital's current CEO, Marc Grandisson, replaced Iordanou in 2018. Arch Capital entered
25-601: The mortgage insurance business in 2015 with the formation of Arch Mortgage Guaranty and, in August 2016, it bought United Guaranty, AIG ‘s mortgage insurance unit, for US$ 3.4 billion, making the company the world's largest mortgage insurer. In 2022, Arch Capital was added to the Standard & Poor's (S&P) 500 Index, replacing Twitter (now X). As of 2024, Arch employs nearly 7,000 people worldwide. This bank, insurance, or other financial services corporation article
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