Arch Capital Group Ltd.’s Post

Plastic trash continues to impact our wildlife and our environment—from the pollution produced through plastic production all the way to both accidental and intentional littering. As we celebrate #PlasticFreeJuly, Arch’s Blue Goes Green committee invites you to take steps with us to eliminate plastic from your lives. It only takes small changes to make a big difference. Think about how you can modify some of your habits to keep plastic waste out of our environment and away from some of our most precious natural resources, our wildlife. Be sure to take the time to teach the next generation about ways to be plastic free, too.

For the fourth year in a row, Arch's Blue Goes Green committee is participating in Plastic Free July, a global movement that encourages millions of people to be part of the solution to plastic pollution – so we can have cleaner streets, oceans, and beautiful communities. Throughout the month, Arch will provide resources and ideas to encourage employees to reduce single-use plastic waste. The idea being that individuals making small changes will collectively have a massive impact on our local communities. Join us! #PlasticFreeJuly #PlasticFree

Richard G., VP of Cyber Claims for Arch Insurance Group Inc. sat down with Michael Shashoua from Digital Insurance to discuss subrogation for cybersecurity insurance claims, and in particular, the related difficulties for marketplace-wide cyber breaches. Read the full story here: https://lnkd.in/eFvA_Y7C #Cyber #CyberSecurity #CyberInsurance

June 28 is International Pride Day, a day that commemorates the 1969 Stonewall Uprising and that is marked by global celebration. At Arch, our goal is to create an inclusive culture where a variety of diverse opinions are heard and leveraged through teamwork and collaboration. One way this comes to life is through our Employee Networks. Arch's LGBTQ+ and Allies Employee Network has created a vibrant and active community. In just the first half of this year, the network shared ideas of what actionable allyship looks like, learned about ways to use volunteer time off to support local LGBTQ+ organizations, and shared stories from members that illuminated the importance of trans visibility and authenticity at work. #Pride

At Arch, a continued focus on ESG factors remains core to our decision-making and inclusion of responsible investments in the portfolio. As of Dec. 31, 2023, we had $227 million invested in green bonds issued to fund green projects, activities that promote climate change mitigation or adaptation, or other environmental sustainability purposes. Our commitment to responsible investing remains stable year-over-year. To learn more about Arch's #ESG strategy, read our recent #Sustainability Report: https://lnkd.in/epKdVPNr

In the bustling world of construction, safety is a paramount concern. But quality assurance and quality control (QA/QC) can sometimes take a backseat. Arch Insurance Group Inc.’s Risk Control team saw this as an opportunity to create a collaborative space for customers to gather and focus on continuous improvement and created an annual “Quality Peer Group Event” to do just that. Arch recently hosted its 2024 meeting in Austin, Texas. The inception of this event was born out of a simple yet pressing need: to fill a void in the space of QA/QC, ultimately reducing the probability of subcontractor default or general liability claims. At its core, the event embodies the essence of Arch's brand promise of "Enabling Possibility" — as it created a space where competitors set aside their differences and unite under common goals: to enhance quality, mitigate risks and drive positive outcomes for everyone involved. #WeEnablePossibility

Tomorrow is Juneteenth, a celebration of the formal end of slavery in the United States. To honor the holiday, Arch’s Black Professionals and Allies Employee Network hosted two events to explore freedom in a modern context.    The first was a event on “Freedom from Burnout and Stress” in which Clarence K. Jackson, Senior Learning and Development Training Manager at Arch Insurance Group Inc., shared strategies to maintain a work-life balance.    The second webinar brought together two U.S events: Juneteenth and June as National Homeownership Month. This event featured a “Homeownership 101” conversation with Carl Tyree, Chief Sales Officer for Arch Mortgage Insurance Company (Arch MI). During the discussion, Carl explored the value of owning a home, challenges to making homeownership affordable, how Arch MI assists in that process and practical steps individuals can take if they are interested in pursuing homeownership. He also discussed Black homeownership rates and the efforts aiming to increase those numbers. #Juneteenth #NationalHomeownershipMonth

The entire Arch family is saddened by the passing of former Chair and CEO Dinos Iordanou. In his nearly 15-year tenure as CEO, Dinos played an integral role in developing Arch into a market-leading company with a worldwide presence in insurance, reinsurance and mortgage insurance. He was full of life, incredibly generous and a role model for anyone seeking to make a lasting impact. Marc Grandisson, CEO of Arch Capital Group Ltd. said, “I, along with so many others, was upset to hear about Dinos’ passing. So much of Arch’s success over the past 20-plus years can be directly attributed to Dinos and his leadership. Not only was he an insurance industry legend, but his leadership, tenaciousness and larger-than-life personality influenced both me and the company in many ways. We’ve lost a great man. He will be deeply missed.”

June is National Homeownership Month. This month, and every month, Arch is proud of our role in expanding responsible homeownership opportunities and helping homebuyers realize the long-term benefits of owning a home. The down payment required on a mortgage is often a significant hurdle to buying a home, particularly for lower-income families. Arch Mortgage Insurance Company (Arch MI)'s products helps borrowers qualify for loans with lower down payments. Arch's MI business gives lenders the confidence and flexibility to approve mortgage loans with a modest down payment, expanding opportunities for homebuyers, which in turn strengthens communities and promotes a healthy economy. #NationalHomeownershipMonth #Homeownership #MortgageInsurance #ESG