Latest news with #ArchCapitalGroupLtd
Business Wire
5 days ago
- Business
- Business Wire
Arch Reinsurance Group Promotes William Soares, Pierre Jal and David Seyller
PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Reinsurance Group (Arch Re) today announced that William Soares has been promoted to President of Arch Reinsurance Ltd. (Arch Re Ltd.), Pierre Jal has been named President of Arch Reinsurance Europe Underwriting dac (Arch Re Europe) and David Seyller elevated to Chief Underwriting Officer of Arch Re Europe, all effective immediately. As President of Arch Re Ltd., Soares will add to his current underwriting duties functional responsibility for operational departments such as finance and legal. Soares is a long-standing leader within the company, and he has taken on roles of increasing responsibility since he joined Arch Re Ltd. in 2006. As President of Arch Re Europe, Jal will oversee the underwriting mandate and strategy of the company, as well as the reinsurance lines of Arch Syndicate 1955 at Lloyd's. Jal started with Arch Re Europe in 2007 as an Underwriter/Actuary and has held senior underwriting roles at both Arch Re Europe and Arch Re Ltd. Seyller will assume the role of Chief Underwriting Officer of Arch Re Europe, a position previously held by Jal. In this role Seyller will lead the property and casualty, agriculture and structured underwriting teams in Europe that previously reported to Jal. Soares and Jal both report to Jerome Halgan, President and Chief Underwriting Officer of Arch Reinsurance Group. Seyller reports to Jal. 'William, Pierre and David are all seasoned reinsurance professionals and reflect the depth and quality of our bench of strong leadership at Arch Re. These well-deserved promotions position us to better serve our clients, navigate complex risks and capitalize on future growth opportunities for Arch Re,' Halgan said. 'Their deep expertise, strategic insight and unwavering commitment to our clients will be key drivers of our continued success in this evolving market.' 'The promotions of Pierre, William and David reflect both their exceptional contributions to the sustained growth of Arch Re and our confidence in their ability to continue to capitalize on opportunities as they arise,' said Maamoun Rajeh, President of Arch Capital Group Ltd. 'Their leadership will play a critical role in executing our strategy and reinforcing Arch's position as an industry leader on a global stage.' To learn more about Arch Re, visit About Arch Global Reinsurance Group Arch Global Reinsurance Group encompasses Arch's reinsurance operations around the world. With offices in North America, Bermuda, Europe and Australia, Arch Global Reinsurance provides specialty risk solutions through treaty and facultative property and casualty reinsurance with a disciplined underwriting approach. About Arch Capital Group Ltd. Arch Capital Group Ltd. (Nasdaq: ACGL) is a publicly listed Bermuda exempted company with approximately $24.3 billion in capital at March 31, 2025. Arch, which is part of the S&P 500 Index, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries. Cautionary Note Regarding Forward-Looking Statements The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward-looking statements, which reflect the Company's current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward-looking statements. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or their negative or variations or similar terminology. Forward-looking statements involve the Company's current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and the Company's ability to maintain and improve its ratings; investment performance; the loss of key personnel; the adequacy of the Company's loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events, including the effect of contagious diseases on our business; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses the Company has acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to the Company of reinsurance to manage our gross and net exposures; the failure of others to meet their obligations to the Company; an incident, disruption in operations or other cyber event caused by cyber attacks, the use of artificial intelligence technologies or other technology on the Company's systems or those of the Company's business partners and service providers, which could negatively impact the Company's business and/or expose the Company to litigation; and other factors identified in our filings with the U.S. Securities and Exchange Commission (SEC). The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward-looking statements attributable to us or persons acting on the Company's behalf are expressly qualified in their entirety by these cautionary statements. The Company's forward-looking statements speak only as of the date of this press release or as of the date they are made, and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Source: Arch Reinsurance Tag: arch-reinsurance
Yahoo
23-04-2025
- Business
- Yahoo
Arch Capital Group Ltd. (ACGL) Rose on Solid Premium Growth
Madison Investments, an investment advisor, released its 'Madison Mid Cap Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund (Class I) decreased 4.15% compared to the 3.40% decrease for the Russell Midcap Index. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Madison Mid Cap Fund highlighted stocks such as Arch Capital Group Ltd. (NASDAQ:ACGL). Arch Capital Group Ltd. (NASDAQ:ACGL) offers insurance, reinsurance, and mortgage insurance products. The one-month return of Arch Capital Group Ltd. (NASDAQ:ACGL) was -3.11%, and its shares lost 0.26% of their value over the last 52 weeks. On April 22, 2025, Arch Capital Group Ltd. (NASDAQ:ACGL) stock closed at $92.95 per share with a market capitalization of $34.923 billion. Madison Mid Cap Fund stated the following regarding Arch Capital Group Ltd. (NASDAQ:ACGL) in its Q1 2025 investor letter: "The top five contributors for the quarter were Brown & Brown, W.R. Berkley, Arch Capital Group Ltd. (NASDAQ:ACGL), Liberty Broadband, and Teledyne Technologies. Given negative market returns during the quarter, it is no surprise to see three insurance companies top our list of contributors. Industry fundamentals remain sound, but investors no doubt also found favor with their defensive demand profiles and limited tariff exposure. Premium growth at both Arch Capital and W.R. Berkley has slowed from the high levels of the last couple of years, but remains solid. Both insurers also benefited from better-than-expected reserve development, bucking industry trends." A close-up image of an insurance policy with hands standing firmly on top, conveying security. Arch Capital Group Ltd. (NASDAQ:ACGL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. Our database shows that 41 hedge fund portfolios held Arch Capital Group Ltd. (NASDAQ:ACGL) at the end of the fourth quarter, compared to 33 in the third quarter. While we acknowledge the potential of Arch Capital Group Ltd. (NASDAQ:ACGL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered Arch Capital Group Ltd. (NASDAQ:ACGL) and shared Baron Asset Fund's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
12-02-2025
- Business
- Yahoo
Arch Capital Group Ltd (ACGL) Q4 2024 Earnings Call Highlights: Strong Premium Growth Amidst ...
Net Premium Written: $3.8 billion in Q4, a 17% increase year-over-year. Underwriting Income: $625 million in Q4, down 14% from last year. After-Tax Operating Income: $3.5 billion for the full year. Operating Return on Average Common Equity: 18.9% for the full year. Book Value Per Share: $3.11 at year-end, a 13% increase for the year. Special Dividend: $5 per share paid in December. Share Repurchase: $24 million worth of shares repurchased in Q4. Reinsurance Underwriting Income: $328 million in Q4; $1.2 billion for the full year. Insurance Underwriting Income: $30 million in Q4; $345 million for the full year. Mortgage Underwriting Income: $267 million in Q4. Net Investment Income: Nearly $1.5 billion for the full year. Cash Flow from Operations: Approximately $6.7 billion for the full year, up 16% from 2023. Effective Tax Rate: 6.7% for Q4; 8.2% for the full year. Common Shareholders' Equity: $20 billion after the $1.9 billion dividend paid in December. Debt Plus Preferred to Capital Ratio: 15.1%. Warning! GuruFocus has detected 3 Warning Sign with ACGL. Release Date: February 11, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Arch Capital Group Ltd (NASDAQ:ACGL) reported a 17% increase in net premium for the fourth quarter, reaching $3.8 billion. The company achieved a full-year after-tax operating income of $3.5 billion, with an operating return on average common equity of 18.9%. Book value per share increased by 13% for the year, and nearly 24% after adjusting for a special dividend. The reinsurance segment delivered a record $1.2 billion of underwriting income for the year. The investment group generated nearly $1.5 billion of annual net investment income, benefiting from rising investment yields and strong operating cash flows. Arch Capital Group Ltd (NASDAQ:ACGL) expects a net loss between $450 million and $550 million due to the California wildfires. Underwriting income for the fourth quarter decreased by 14% compared to the previous year, primarily due to catastrophe losses. The insurance segment's fourth-quarter underwriting income was limited to $30 million due to Hurricane Helene and Milton. The delinquency rates in the US mortgage insurance business increased modestly to just over 2% by the end of December. The company faces competitive pressures in certain lines of business, such as public D&O and cyber, which have seen significant rate decreases. Q: Can you provide clarity on the insurance underlying loss ratio, particularly with the impact of the Allianz deal? A: Francois Morin, CFO, explained that the impact of the mid-corp acquisition adds about 1 point to the loss ratio. The pre-acquisition run rate loss ratio has been stable, and the addition of the mid-corp business slightly increases it to around 58%. Q: What are your thoughts on the reinsurance market conditions, especially after the California wildfires? A: Nicolas Papadopoulo, CEO, noted that the California wildfires are a significant loss for the market, which should dampen enthusiasm for aggressive underwriting. This event is expected to influence rates positively for the rest of the year. Q: Could you elaborate on the casualty reinsurance growth and rate adequacy? A: Nicolas Papadopoulo mentioned that Arch Capital was underweight in casualty treaty reinsurance and has selectively increased its participation in programs with specialty casualty characteristics, which offer attractive returns. The focus is on partnering with underwriters who have the expertise to deliver good results. Q: How is the integration of the mid-corp business progressing, and what are the growth prospects? A: Nicolas Papadopoulo stated that the integration is on track and the business is performing as expected. They are seeing double-digit rate increases in property and liability lines, which aligns with their initial expectations. Q: What is your approach to capital management, particularly regarding share buybacks? A: Francois Morin highlighted that Arch Capital remains committed to returning excess capital to shareholders through share buybacks when the price is right. They continuously assess capital deployment opportunities and will consider buybacks if they cannot deploy all excess capital in the business. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
30-01-2025
- Business
- Yahoo
Arch Capital Group (ACGL) Cooled Down in Q4
Madison Investments, an investment advisor, released its 'Madison Mid Cap Fund' fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, the fund (Class Y) decreased 1.86% compared to the 0.62% increase for the Russell Midcap Index. The Fund returned 10.46% in the full year 2024 period, compared to 15.34% for the index. In addition, please check the fund's top five holdings to know its best picks in 2024. Madison Mid Cap Fund highlighted stocks like Arch Capital Group Ltd. (NASDAQ:ACGL), in the fourth quarter 2024 investor letter. Arch Capital Group Ltd. (NASDAQ:ACGL) offers insurance, reinsurance, and mortgage insurance products. One-month return of Arch Capital Group Ltd. (NASDAQ:ACGL) was 2.67% and its shares gained 14.29% of their value over the last 52 weeks. On January 29, 2024, Arch Capital Group Ltd. (NASDAQ:ACGL) stock closed at $93.82 per share with a market capitalization of $35.299 billion. Madison Mid Cap Fund stated the following regarding Arch Capital Group Ltd. (NASDAQ:ACGL) in its Q4 2024 investor letter: "The bottom five detractors for the quarter were Arch Capital Group Ltd. (NASDAQ:ACGL), Carlisle Companies, CDW, Floor & Decor Holdings, and Brown-Forman. Following a long period of outperformance, shares in Arch Capital lagged in the fourth quarter. While underwriting results and premium growth continue to be excellent, the industry may be entering the later innings of the hard cycle that began three years ago. We've anticipated this and believe Arch is flexing its business prudently to manage through the cycle." A close-up image of an insurance policy with hands standing firmly on top, conveying security. Arch Capital Group Ltd. (NASDAQ:ACGL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 33 hedge fund portfolios held Arch Capital Group Ltd. (NASDAQ:ACGL) at the end of the third quarter which was 37 in the previous quarter. While we acknowledge the potential of Arch Capital Group Ltd. (NASDAQ:ACGL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we discussed Arch Capital Group Ltd. (NASDAQ:ACGL) and shared the list of best insurance stocks for the long term. FMI International Equity Strategy sold its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during Q4 2024. In addition, please check out our hedge fund investor letters Q3 2024 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
