October 1, 2021

Arch Insurance Announces A New Foreign Casualty Package

New offering enables Arch to provide middle market solutions for U.S. customers with foreign operations.

NEW YORK – October 1 – Arch Insurance today announced a new foreign casualty package to expand its multinational offerings and provide middle market solutions for U.S. customers with foreign operations. As part of this package, Arch will offer Foreign Voluntary Workers’ Compensation, Foreign Commercial General Liability, Foreign Automobile Liability and Physical Damage lines of coverage with Kidnap, Ransom and Extortion and Travel Accident and Sickness slated for release in 2021.

“Insight into the daily challenges facing our Defense Base Act broker partners and insureds led us to a new way of thinking about risk,” said Shane McCaffrey, SVP, Defense Base Act. “Their feedback helped us step outside the box to create a new sophisticated foreign casualty solution, which includes highly specialized resources supported by a team of experienced professionals that puts our clients first.”

All plans include two in-country deployments per traveler per year for crises including, but not limited to response and evacuation related to global pandemic, political threats and natural disasters. All Foreign Voluntary Workers’ Compensation policyholders will also have full access to CAPTM Advantage, a technology platform powered by FocusPoint International, Inc., with an interactive risk management dashboard and employee mobile app offering safety and security features such as location-based tracking, one-touch assistance and destination-based alerts and advisories.

“How we deploy our resources – underwriting, risk control, claims and assistance staff – is the real measure of success and the linchpin of any foreign program,” said Sarah Potts, Product Line Manager – Foreign Casualty. “Whether it’s boots-on-the-ground medical and security or general travel help, getting the right resources to our insureds is our specialty.”

This package provides solutions for customers that emphasize taking a People First approach to business. These are the first of many foreign solutions coming to market in 2021. Please click here to learn more. Inquiries should be directed to Sarah Potts at [email protected] or 832 375 4264.

About Arch Insurance North America

Arch Insurance North America, part of Arch Capital Group Ltd., includes Arch’s insurance operations in the United States and Canada.

About Arch Capital Group Ltd.

Arch Capital Group Ltd., a publicly listed Bermuda exempted company with approximately $16.7 billion in capital at June 30, 2021, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.

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 the Company’s ability to maintain and improve its ratings; investment performance; the loss of key personnel; the adequacy of the Company’s 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, including pandemics such as COVID-19; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; the Company’s ability to successfully integrate, establish and maintain operating procedures as well as consummate acquisitions and integrate the businesses the Company has 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 the Company of reinsurance to manage the Company’s gross and net exposures; the failure of others to meet their obligations to the Company; changes in the method for determining the London Inter-bank Offered Rate (“LIBOR”) and the potential replacement of LIBOR and other factors identified in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”).

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. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.