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Arch Insurance (EU) dac Named Credit Insurer of the Year at Structured Credit Investor Capital Relief Trades Awards

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Arch Insurance (EU) dac, a subsidiary of Arch Capital Group Ltd. (Arch), was named Credit Insurer of the Year by Structured Credit Investor (SCI) as part of its annual Capital Relief Trades Awards. The firm is Arch’s primary mortgage insurance operation in Europe and was recognized due to its position as a global leader in mortgage credit risk transfer and the completion of a first-of-its-kind European transaction conducted with ING.

The capital relief transaction with ING was on a €3 billion subset of a residential mortgage loan portfolio originated by ING in Germany. The deal represented a valuable new tool for European financial institutions in managing their regulatory capital and was groundbreaking in that it was the first unfunded significant risk transfer transaction for residential mortgages executed between a European bank and an insurance counterparty.

“It’s gratifying to be recognized by SCI not only for the work we’ve been doing in Europe but also for our global leadership in mortgage credit risk transfer,” said David Gansberg, CEO of the Global Mortgage Group at Arch. “We believe that transactions similar to that which we completed with ING can help financial institutions manage their regulatory capital not only in Europe, but in other geographies around the world.”

Arch Insurance EU dac

In Europe, our primary mortgage insurance operation, Arch Insurance (EU) dac, provides efficient and innovative credit risk management and capital optimization solutions to its clients. The highly-rated Dublin-based subsidiary of Arch Capital Group Ltd. boasts an experienced team with strong underwriting capability, an execution track record and a focus building long term relationships. Arch Insurance (EU) dac is authorised and regulated by the Central Bank of Ireland.

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.

Contact information

Ruairi Neville, Chief Underwriting Officer, + 353 1 669 9707 / rneville@archinsurance.eu
Michael Bennett, Chief Actuary & Chief Risk Officer, + 353 1 669 9709 / michael.bennett@archinsurance.eu

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