Arch Insurance Europe Completes Acquisition of the UK Commercial Lines Business of The Ardonagh Group

LONDON–(BUSINESS WIRE)–Arch Insurance Europe (“Arch”) has completed the acquisition of the UK
Commercial Lines business owned by The Ardonagh Group and part of its
Geo Underwriting (“Geo”) operating segment.

“We
are pleased to have completed the acquisition of Geo’s commercial lines
business and are excited as we welcome another team of high-quality
underwriting and distribution professionals to Arch.
”

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The acquired business, which generated more than £150 million of Gross
Written Premium in 2017, will become the newly formed Arch UK Regional
Division, focused on commercial property, casualty, motor, professional
liability, personal accident and travel. Approximately 250 employees
will move to Arch as a result of the transaction.

As previously outlined, the acquisition forms part of Arch’s strategy to
grow its regional UK presence and deliver underwriting expertise and a
strong customer value proposition through an expanded retail
distribution network. The Arch UK Regional Division will have a
meaningful presence and an extended office network across the UK.

Matt Shulman, President and CEO, Arch Insurance Europe, commented, “We
are pleased to have completed the acquisition of Geo’s commercial lines
business and are excited as we welcome another team of high-quality
underwriting and distribution professionals to Arch.

“It is our ambition for the Arch UK Regional Division to become a
leading underwriting partner for brokers and their Small and Medium
Enterprise (SME) clients across the UK. This is an important part of our
broader strategy to establish a strong regional presence for Arch in the
UK, allowing us to combine our underwriting expertise with the
distribution needed to offer our specialist insurance solutions to a
broader range of SME clients.”

About Arch Insurance Europe

Arch Insurance Europe underwrites specialty lines business through two
platforms from its base in London:

• Arch Insurance Company (Europe) Limited: Through independent brokers,
  we provide specialised property and liability insurance programmes to
  a wide range of industrial and commercial companies and financial
  institutions. With strong financial strength ratings, we represent a
  stable alternative for brokers and customers.
• Arch Syndicate 2012: Arch Syndicate 2012 is managed by Arch
  Underwriting at Lloyd’s Ltd, a Lloyd’s managing agent. Our stamp
  capacity is £200 million for the 2019 year of account.

About Arch Capital Group Ltd.

Arch Capital Group Ltd., a Bermuda-based company with approximately
$11.21 billion in capital at September 30, 2018, 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
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.