Arch Announces European Brexit Changes

DUBLIN–(BUSINESS WIRE)–Arch Insurance International and Arch MI today announced changes to
their European operations as part of the Arch Brexit plan and other
recent business initiatives. Notably, Arch Insurance (EU) dac (formerly
Arch Mortgage Insurance dac), has received authorisation from the
Central Bank of Ireland (CBI) to expand the classes of business it
writes in the EU/EEA. With this authorisation, from 29 March 2019 Arch
Insurance EU will commence underwriting P&C, Motor and other business
lines in the EU/EEA in addition to its current mortgage insurance
business.

“These important changes mean that our European clients and
policyholders will continue to be well-served by Arch Insurance EU”

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Arch Insurance Company (Europe) Limited has also changed its name to
Arch Insurance (UK) Limited. Arch Insurance UK, based in London, will
continue to write a diverse portfolio of global specialty insurances in
both the UK and other non-EU/EEA regions. The Arch UK Regional Division
of Arch Insurance UK, which was formed in January 2019, will continue
without change and focus on commercial property, casualty, motor,
professional liability, personal accident and travel business through
its extended office network across the UK. The Arch Lloyd’s underwriting
platform also remains unchanged.

Arch Insurance EU retains its headquarters in Dublin and adds branch
offices in the UK, Italy and Denmark. The Motor insurance business and
other specialty lines will be conducted through its newly formed Alwyn
Europe division.

Going forward, Arch Insurance UK and the P&C insurance operations of
Arch Insurance EU fall under the Arch Insurance International banner.
Arch Insurance International includes Arch’s insurance operations in
Europe, Bermuda and Australia.

“The CBI authorisation enables Arch Insurance EU to provide a broad
range of insurance products in Europe and to ensure a smooth Brexit
transition,” said Soren Scheuer, President and CEO of Arch Insurance EU.

“These important changes mean that our European clients and
policyholders will continue to be well-served by Arch Insurance EU,”
added Hugh Sturgess, CEO of Arch Insurance International.

About Arch Insurance International and Arch Insurance (EU) dac

Arch Insurance International includes Arch’s insurance operations in
Europe, Bermuda and Australia. We provide specialized property and
liability insurance programmes to a wide range of industrial and
commercial companies and financial institutions. Business in the UK is
written by Arch Insurance (UK) Limited, and business in the EU/EEA is
written by Arch Insurance (EU) dac or via the Lloyd’s Brussels platform.

Arch Insurance (EU) dac also provides innovative mortgage credit risk
management and capital optimisation solutions to clients throughout
Europe.

Arch Insurance (EU) dac (trading as Arch Insurance International, Arch
Insurance, Arch Insurance EU, Arch MI, Arch Mortgage Insurance and Alwyn
Europe) is regulated by the Central Bank of Ireland, and Arch Insurance
(UK) Limited is authorised by the Prudential Regulation Authority and
regulated by the Financial Conduct Authority and the Prudential
Regulation Authority in the UK.

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 our 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
our 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
our ability to maintain and improve our ratings; investment performance;
the loss of key personnel; the adequacy of our 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; the impact of acts of terrorism and acts of war; changes in
regulations and/or tax laws in the United States or elsewhere; our
ability to successfully integrate, establish and maintain operating
procedures as well as integrate the businesses we have 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 us of reinsurance to manage our gross and net
exposures; the failure of others to meet their obligations to us; and
other factors identified in our filings with the U.S. Securities and
Exchange Commission.

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 our behalf are expressly qualified in their entirety by these
cautionary statements. We undertake no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise.