Arch Capital Group Ltd.

The Olympic Games are now in full swing. Two Arch employees from different parts of the world are in attendance, each with family ties driving their journey. Ruth Wang CPA(Aust.), a London-based Assistant Controller in Reinsurance, is honoring her late father by taking an Olympic trip he always dreamed of making himself. “My fondest memories of my dad were watching sports with him, especially the Olympic Games during summer holidays,” Ruth says. “He always dreamed of going to the Olympics, and going with dad became my dream too.” Mimi Eaton, Vice President of National Accounts for Arch Mortgage Insurance Company (Arch MI), holds dual citizenship in the United States and France. She’s in Paris with family to cheer on her second cousin, Team USA skateboarder Jagger Eaton. “French was actually my first language. I was raised over there as a young child and went back there a lot. I still have my mom’s whole family in France,” she says. “I’m looking forward to spending time with the family. And I’m looking forward to experiencing the Olympics. I’ve never been before. It’s a bucket list for me to go to the Olympics — and then to have a family member competing is absolutely amazing.” #Olympics #Paris2024

“Mortgage rates aren't likely to move meaningfully lower over the second half of 2024, even if the Fed starts cutting rates in September as the market currently expects." Parker Ross Arch's Global Chief Economist shares his perspective on the current state of mortgage rates, as well as expectations for the remainder of this year, in Yahoo Finance's recent article. Read the full piece here: https://lnkd.in/ezpJMkhP #Inflation #MortgageRates #Mortgages

In July, Arch's Agents of Transformation (AoT) Interns used their Volunteer Time Off benefit to donate their time at the Greensboro Urban Ministry, where they prepared meals for the Community Kitchen and stocked shelves in the Food Pantry. The Greensboro Urban Ministry provides food, shelter and supportive services to neighbors in need. Our interns married this mission with one of Arch's values, "we strive to make a difference," during this volunteer day. AoT Intern, Eric Liu shared his thoughts on the experience: "Arch provided me with an amazing opportunity to volunteer at the Greensboro Urban Ministry, where I prepared over 500 meals to more than 500 people, including many children. The experience was incredibly fulfilling and heartwarming, and it opened my eyes to the significant needs within our community. I found great satisfaction in uplifting individuals facing challenges and contributing to their well-being." #Volunteer #Intern

Simon Williams, Chief Strategy & Distribution Officer recently sat down with Sophie Roberts at The Insurer TV to discuss market dynamics in key growth areas, how Arch looks to differentiate itself in an increasingly competitive environment, as well as the evolving digital landscape and how it's impacting product, placement and distribution strategies in the London Market. 📹 Check out the interview here! https://lnkd.in/gF2eszvE

Today, Arch Insurance Group Inc. announced that regulatory approval has been obtained for its 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. https://lnkd.in/eMuKjehM

Alan Williamson is a Regional Risk Control Manager based in Glasgow for Arch Insurance (UK) Limited’s Regional Division. His 22-year-old daughter, Ellie, recently played in her first Six Nations Summer Series women’s rugby tournament as a member of Scotland’s 20s team. This achievement is made particularly notable because of her recent come back from a potentially career-ending knee injury—a recovery thanks in part to her father’s medical benefits through Arch. “Ellie is very, very grateful. We all are,” says Alan. “The whole point about Arch is they give you these benefits in the first place. You don’t have to choose all of them, but I’ve chosen most of them. This proved to be invaluable for my daughter.” All citizens of the United Kingdom have access to care from the National Health Service. But Alan chose to add Arch’s private health insurance option through Vitality to cover his family. “You can get by on the NHS,” Alan explains. “But the main plus from Arch in this whole story is the company provides a much better benefits package than any employer I’ve ever had. There was no hesitation helping Ellie through this because we knew she was covered. We knew she would have the care she needed. And the way the system is set up, the contact information is ready to go. One minute I was looking for contact details, and within the hour I was speaking to somebody.” “Through Vitality, we were straight on the phone to ask what the process was. They gave us good advice all the way through. My concern was that going through a non-specialized treatment program, she wouldn’t get back to playing at full fitness. I’ve gone through sports injuries myself in the past and not had specialized recovery, physiotherapy and treatments, and everything takes 10 times longer. But Ellie got one of the top knee surgeons who sees many of the professional football and rugby players in Scotland.” Unfortunately, Ellie has since suffered an ACL rupture in her other knee. She will likely have to repeat the same recovery process, although this time Scottish Rugby will fully manage her treatment. 

Last week, S&P Global Market Intelligence named Arch as a 2024 Top P&C Insurance Company during their annual webinar.   The rankings were determined by a number of performance metrics including return on equity and assets, profitability, asset and surplus growth and investment performance.   Matt Shulman, CEO, Arch Insurance North America, joined the webinar to offer his insights into the state of the industry and the strategies behind running a top insurance company. He attributed Arch's success to our stand-out underwriting, our eye for bringing our solutions to underserved industry areas and our commitment to taking a long-term approach to understanding market cycles.   Click here to watch the full webinar hosted by Tim Zawacki and Terry Leone featuring Matthew Shulman and Michael Kehoe: https://lnkd.in/gqemaGkd #PursuingBetterTogether #TopInsuranceCompany

In a recent Forbes article, Arch's EVP and Chief Information Officer, Prashant Nema, shares his perspective on the essential business metrics all tech leaders should have their eye on. These key performance indicators empower tech leaders to play a key role in leading businesses—big or small—to achieve future improvements. Read the article here: https://lnkd.in/eec4S_q4 #TechLeader #ITLeader

Cathy Takahashi, CPCU, CBAP is a home-based Digital Product Manager for Arch Insurance Group Inc., living in California. In July 2022, she was diagnosed with a rare form of blood cancer — primary myelofibrosis —and needed a bone marrow transplant and stem cell treatments to reverse an otherwise fatal disease. Arch’s benefits made it possible for her to travel a long road to recovery. Her Kaiser HMO health insurance came through big time. Her plan’s $3,000 maximum out-of-pocket provision capped her costs for procedures that would’ve added up to close to $1 million. Her short-term and long-term disability insurance kicked in during her yearlong recovery. That’s the nuts and bolts. But there was more. “I know people think of benefits as health insurance,” Cathy says. “But I think the benefit of working for Arch is much broader. My bosses — Matt Richard, Kevin Stabe and Dinesh Menghani — all helped me. After the first six months of recovery, my blood counts were still below normal. Right away, Matt gave me the option for a six-month extension so I could have the whole year to recover. “I went through short-term disability for the first six months and long-term disability for the next six months. Both were under Arch’s medical plan. Human Resources at Arch helped me navigate the benefits all along the way. Towards the end, because I was on long-term disability, they had to generate invoices for me to pay out of pocket but still stay on Arch’s insurance. Otherwise, I would’ve had to go through COBRA, and that’s much more expensive.” The help from Arch, both in terms of benefits and people, helped Cathy maintain hope during a dark time in her life.

Earlier this week, Arch's Black Professionals and Allies Employee Network (BPAN) hosted a webinar on an important kind of freedom: financial freedom. To help employees in their pursuit of financial freedom, BPAN, in partnership with Fidelity Investments, held a discussion called Building a Financial Plan for You. The hour-long event was led by a Fidelity representative who explored values-based investing options, budgeting and the next steps for getting started. #FinancialFreedom