Arch Capital Group Ltd. · Hamilton Bermuda ·(NASDAQ (GS): ACGL)
Company Description
Phone: +1-441-278-9250
Fax: +1-441-278-9255
View Arch Capital Group Ltd. Locations On A US Map
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This link will open in a new window No sharply raised eyebrows or dry witticisms here -- Arch Capital Group is just not "arch" in that way. Instead the company offers property/casualty insurance and reinsurance through subsidiaries in Bermuda, Canada, Europe, and the US. Its insurance subsidiaries offer marine and aviation, professional liability, healthcare liability, and other specialty lines. The company's US subsidiary,
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Key Arch Capital Group Ltd. Financials
| Company Type | Public - NASDAQ (GS): ACGL Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $2,966.8 |
| 2008 Employees | 1,200 |
Arch Capital Group Ltd. Executives
93 executives listed for Arch Capital Group Ltd.'s Hamilton, location.
| Title | Name & Bio | Contact |
| Chairman | Paul Ingrey | Network |
| President, CEO, and Director | Constantine Iordanou | Network |
| Vice Chairman | John Pasquesi | Network |
Competition
Competitive Landscape for Arch Capital Group Ltd.
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Arch Capital Group Ltd. Competitors
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