Acclaimed for an increased insured book, team and deal volume in central and southern Europe
DUBLIN — Oct. 25, 2023 — Arch Insurance (EU) dac, a subsidiary of Arch Capital Group Ltd. (Arch) was awarded Credit Insurer of the Year in Structured Credit Investor’s (SCI) Capital Relief Trades (CRT) Awards 2023. The firm is Arch’s primary mortgage insurance operation in Europe and was recognised because of the recent, substantial growth of its European Significant Risk Transfer (SRT) business.
“SCI’s award is recognition of the investments we have made in building our European SRT team and leveraging our client relationships to take advantage of this growing market,” said Seamus Fearon, CEO, International Mortgage for the Global Mortgage Group at Arch. “The European SRT market allows us to meet our strategic objective of diversifying our global mortgage portfolio and helps our clients manage their credit risk and regulatory capital. We look forward to continued collaboration with our clients and partners.”
The CRT Awards are organized by SCI, a specialist publisher of news and analysis in the structured credit and asset backed securities markets. The awards commend excellence in the global capital relief trades market.
Winners were announced at the London SCI CRT Seminar on 19 October 2023. The full list of honourees can be found here.
About Arch Global Mortgage Group
The Arch Global Mortgage Group, part of Arch Capital Group Ltd., is focused on providing risk management, risk financing and capital optimizing insurance and reinsurance products to the housing sector worldwide. Through its distinct businesses in the United States, Bermuda, Europe and Australia, Arch pairs unparalleled expertise with financial strength to expand mortgage insurance opportunities worldwide.
About Arch Insurance (EU) dac
Arch Insurance (EU) dac is part of Arch Insurance International and provides comprehensive insurance products including: accident & health, cyber and technology, financial institutions, healthcare, professional liability, property and terrorism across multiple business sectors.
The company is based in Dublin with branch offices in the UK and select EU locations. Arch Insurance (EU) dac is a wholly owned subsidiary of Arch Capital Group Ltd. The company was formed and is authorised by the Central Bank of Ireland to write all classes of business (excluding Class 18).
About Arch Capital Group Ltd.
Arch Capital Group Ltd. (Nasdaq: ACGL) is a publicly listed Bermuda exempted company with approximately $17.4 billion in capital at June 30, 2023. 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 pandemics such as COVID-19; 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 the our gross and net exposures; the failure of others to meet their obligations to the Company; a disruption caused by cyber-attacks or other technology breaches or failures on the Company or 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 undertakes no obligation to publicly update or revise any forward−looking statement, whether as a result of new information, future events or otherwise.
Tag: arch-mortgage
Source: Arch Mortgage Insurance Company
Media Contacts:
Greg Hare
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