Arch Insurance Group Names Joseph C. O’Donnell

NEW YORK--(BUSINESS WIRE)--Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., announced that Joseph C. O’Donnell has been promoted to Executive Vice President responsible for Arch Insurance Group’s Executive Assurance Division.

“A“ (Excellent) by A.M. Best and “A-“ (Strong) from Standard and Poor’s. For more information, visit www.archinsurance.com.”

Mr. O’Donnell joined Arch in January of 2006 as a Senior Vice President in charge of Executive Assurance’s field operations. Joe has 22 years of industry experience, all within the Executive Assurance product family. He spent 21 years with Chubb serving in increasingly responsible underwriting positions and was the head of their specialty lines field operations. Mr. O’Donnell has a Bachelor of Science degree in Finance from Indiana University of Pennsylvania. Mr. O’Donnell succeeds Tom Gamble who has left to pursue other interests.

“Joe has done a great job since he has been with Arch and is a wonderful leader and smart underwriter,” said Ralph Jones, Chairman and CEO, Arch Insurance Group. “I would also like to thank Tom Gamble who built our Executive Assurance Division into a sizable and very profitable operation from a standing start nearly five years ago.” Mr. O’Donnell will report to Mark Lyons, President and Chief Operating Office of Arch Insurance Group.

Arch Insurance Group Inc. is a division of Arch Capital Group Ltd., a Bermuda-based company that provides insurance and reinsurance on a worldwide basis through its wholly owned subsidiaries. Arch Insurance Group's principal insurance subsidiaries – Arch Insurance Company, Arch Specialty Insurance Company and Arch Excess & Surplus Insurance Company – are rated “A“ (Excellent) by A.M. Best and “A-“ (Strong) from Standard and Poor’s. For more information, visit www.archinsurance.com.

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 (collectively, the “Company”) may include forward-looking statements which reflect the Company’s current views with respect to future events and financial performance. Forward-looking statements involve the Company’s current assessment of risks and uncertainties, which may cause actual events and results and prospects to differ materially from those expressed or implied in these statements. Certain information regarding such risks and uncertainties is set forth in the Company’s filings with the Securities and Exchange Commission. 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.