Arch Insurance North America Receives Regulatory Approval For Acquisition Of The U.S. MidCorp And Entertainment Businesses Of Allianz; Expect To Close The Transaction On August 1, 2024

7/22/24 8:31:45 AM ET

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Arch Insurance North America (Arch Insurance), part of Arch Capital Group Ltd. (NASDAQ:ACGL), today announced that regulatory approval has been obtained for its previously announced acquisition of the U.S. MidCorp and Entertainment insurance businesses of Allianz. Both parties expect to close the transaction on August 1, 2024, subject to customary closing conditions.

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Recent Analyst Ratings for
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Date	Price Target	Rating	Analyst
9/5/2024	$120.00	Equal Weight	Barclays
8/23/2024	$110.00 → $125.00	Buy	ROTH MKM
1/10/2024	$96.00	Outperform	TD Cowen
12/14/2023	$88.00	In-line	Evercore ISI
11/22/2023	$91.00	Neutral	Citigroup
10/5/2023	$81.00	Buy	Deutsche Bank
9/8/2023	$80.00	Neutral	Goldman
6/20/2023	$92.00	Overweight	Morgan Stanley

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Arch Insurance North America Receives Regulatory Approval For Acquisition Of The U.S. MidCorp And Entertainment Businesses Of Allianz; Expect To Close The Transaction On August 1, 2024
Arch Insurance North America (Arch Insurance), part of Arch Capital Group Ltd. (NASDAQ:ACGL), today announced that regulatory approval has been obtained for its previously announced acquisition of the U.S. MidCorp and Entertainment insurance businesses of Allianz. Both parties expect to close the transaction on August 1, 2024, subject to customary closing conditions.
7/22/24 8:31:45 AM ET
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Arch Capital Group Ltd. Announces Special Cash Dividend of $1.9 Billion and Senior Executive Promotions
Longtime Arch executives David Gansberg and Maamoun Rajeh named Presidents of Arch Capital Group Ltd. Arch Capital Group Ltd. (NASDAQ:ACGL, "Arch" or "the Company")) today announced that its Board of Directors (Board) has declared a special cash dividend (special dividend) of $1.9 billion to common shareholders, representing $5.00 per outstanding common share. The special dividend is payable on Dec. 4, 2024, to common shareholders of record on Nov. 18, 2024. "Arch is operating from a position of strength with a long track record of superior performance that is among the best in the insurance industry," Arch CEO Nicolas Papadopoulo said. "As part of our ongoing capital management responsib
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Arch Capital Group Ltd. Reports 2024 Third Quarter Results
Arch Capital Group Ltd. (NASDAQ:ACGL, "Arch, " "our" or "the Company")) announces its 2024 third quarter results. The results included: Net income available to Arch common shareholders of $978 million, or $2.56 per share, representing a 19.0% annualized net income return on average common equity, compared to net income available to Arch common shareholders of $713 million, or $1.88 per share, for the 2023 third quarter. After-tax operating income available to Arch common shareholders(1) of $762 million, or $1.99 per share, representing a 14.8% annualized operating return on average common equity(1), compared to $876 million, or $2.31 per share, for the 2023 third quarter. Pre-tax curr
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Arch Capital Group Ltd. to Report 2024 Third Quarter Results on October 30
Arch Capital Group Ltd. (NASDAQ:ACGL, the Company))) today announced it expects to release its 2024 third quarter results after the close of regular stock market hours on Wednesday, October 30. The Company will hold a conference call for investors and analysts at 11 a.m. ET on Thursday, October 31. A live webcast of this call will be available via the Investors section of the Company's website at http://www.archgroup.com/investors. A recording of the webcast will be available in the Investors section of the Company's website approximately two hours after the event concludes and will be archived on the site for one year. About Arch Capital Group Ltd. Arch Capital Group Ltd. (NASDAQ:ACGL)
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Arch Capital Group Ltd. Announces Leadership Transition
Nicolas Papadopoulo Appointed CEO Marc Grandisson to Retire Arch Capital Group Ltd. (NASDAQ:ACGL, "Arch, " "our" or "the Company"))) today announced that Nicolas Papadopoulo has been named Chief Executive Officer and is joining the Board of Directors effective immediately. Papadopoulo has held his current positions of President and Chief Underwriting Officer since 2021 and previously served in various leadership and underwriting roles at the Company beginning in 2001. Marc Grandisson, who has served as CEO since 2018 and has been with Arch since 2001, has decided to retire from the Company. "On behalf of the entire Board, I would like to thank Marc for his leadership and significant con
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Arch Capital Group Ltd. Appoints Dan Houston and Neal Triplett to Board of Directors
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Arch Insurance Welcomes Prabhu Venkataraman as CIO
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Arch MI Expands Scholarship Program to UNCG
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Arch Capital Group Ltd. Announces Special Cash Dividend of $1.9 Billion and Senior Executive Promotions
Longtime Arch executives David Gansberg and Maamoun Rajeh named Presidents of Arch Capital Group Ltd. Arch Capital Group Ltd. (NASDAQ:ACGL, "Arch" or "the Company")) today announced that its Board of Directors (Board) has declared a special cash dividend (special dividend) of $1.9 billion to common shareholders, representing $5.00 per outstanding common share. The special dividend is payable on Dec. 4, 2024, to common shareholders of record on Nov. 18, 2024. "Arch is operating from a position of strength with a long track record of superior performance that is among the best in the insurance industry," Arch CEO Nicolas Papadopoulo said. "As part of our ongoing capital management responsib
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$ACGL
Property-Casualty Insurers
Finance
Arch Capital Group Ltd. Reports 2024 Third Quarter Results
Arch Capital Group Ltd. (NASDAQ:ACGL, "Arch, " "our" or "the Company")) announces its 2024 third quarter results. The results included: Net income available to Arch common shareholders of $978 million, or $2.56 per share, representing a 19.0% annualized net income return on average common equity, compared to net income available to Arch common shareholders of $713 million, or $1.88 per share, for the 2023 third quarter. After-tax operating income available to Arch common shareholders(1) of $762 million, or $1.99 per share, representing a 14.8% annualized operating return on average common equity(1), compared to $876 million, or $2.31 per share, for the 2023 third quarter. Pre-tax curr
10/30/24 4:05:00 PM ET
$ACGL
Property-Casualty Insurers
Finance

Arch Insurance North America Receives Regulatory Approval For Acquisition Of The U.S. MidCorp And Entertainment Businesses Of Allianz; Expect To Close The Transaction On August 1, 2024

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Arch Insurance North America Receives Regulatory Approval For Acquisition Of The U.S. MidCorp And Entertainment Businesses Of Allianz; Expect To Close The Transaction On August 1, 2024

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If You Invested $1000 In This Stock 10 Years Ago, You Would Have $5,200 Today

$ACGL SEC Filings

Amendment: Arch Capital Group Ltd. filed SEC Form 8-K: Leadership Update

Arch Capital Group Ltd. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

SEC Form 13F-HR filed by Arch Capital Group Ltd.

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Arch Capital Group Ltd. Announces Special Cash Dividend of $1.9 Billion and Senior Executive Promotions

Arch Capital Group Ltd. Reports 2024 Third Quarter Results

Arch Capital Group Ltd. to Report 2024 Third Quarter Results on October 30

$ACGL Insider Trading

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CEO Papadopoulo Nicolas was granted 72,108 shares, increasing direct ownership by 11% to 724,338 units (SEC Form 4)

President, Arch Capital Group Gansberg David was granted 65,838 shares, increasing direct ownership by 29% to 293,873 units (SEC Form 4)

PRESIDENT, ARCH CAPITAL GROUP Rajeh Maamoun was granted 65,838 shares, increasing direct ownership by 20% to 402,307 units (SEC Form 4)

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Barclays initiated coverage on Arch Capital with a new price target

ROTH MKM reiterated coverage on Arch Capital with a new price target

TD Cowen initiated coverage on Arch Capital with a new price target

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SEC Form SC 13G/A filed by Arch Capital Group Ltd. (Amendment)

SEC Form SC 13G/A filed by Arch Capital Group Ltd. (Amendment)

SEC Form SC 13G/A filed by Arch Capital Group Ltd. (Amendment)

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