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In the wake of Arch Capital Group Ltd agreeing to acquire United Guaranty Corporation from AIG, one of the major rating services has revised its outlook for the group from stable to negative. It is a cautionary move by S&P Global Ratings, which has a...

NEW YORK (Bloomberg) — Like an archer at the Olympics, Arch Capital has landed its target: AIG’s mortgage insurance business. The Bermudian-based insurer said late on Monday that it would buy United Guaranty for $3.4 billion in cash and stock. The de...

NEW YORK (Bloomberg) — American International Group is in talks to sell its mortgage insurer, United Guaranty Corp, to Arch Capital Group as chief executive officer Peter Hancock works to simplify his company and free up capital to return to sharehol...

Arch Capital Group increased its gross premiums written during the first quarter but saw its profits fall. The net income available to common shareholders was $149.3 million, down from $277 million for the same period last year. That result, which eq...

A bust of insurance industry veteran Robert Clements has been unveiled in the grounds of a company he helped to found. The likeness of Mr Clements, by Bermudian sculptor Desmond Fountain, has been placed on a walkway bearing his name connecting the f...

Insurance and reinsurance firm Arch Capital yesterday reported profits of $53.1 million for the fourth quarter of last year. The figure is equivalent to 42 cents per share and $156.6 million down on the $209.7 million, or $1.60 per share, logged for ...

NEW YORK (Bloomberg) — Running a hedge fund didn’t work out for Meredith Whitney, once one of the most famous banking analysts in the US. So she’s starting fresh at a Bermuda-based insurer. Whitney has begun at Arch Capital Group Ltd, where she’s ove...

Arch Capital last night reported operating profits of $125.8 million for the third quarter of the year, surpassing analysts’ expectations. After-tax earnings per share were $1.01, compared to the 98 cents consensus of analysts tracked by Zacks Invest...

Reinsurance firm Arch is considering a $6.56 billion bid for rival firm Axis Capital, according to a UK newspaper report. Axis is locked in a two-way tussle with Italian investment firm Exor for control of another Bermuda-based reinsurer PartnerRe. S...

NEW YORK (Bloomberg) — Arch Capital Group Ltd chief executive officer Dinos Iordanou said consolidation in the reinsurance market is good for business. The deals will eliminate some “desperate competitors” who used tactics that have pressured revenue...