Arch Reinsurance Group Announces Establishment of Arch Re Facultative Underwriters

MORRISTOWN, N.J.--(BUSINESS WIRE)--Arch Reinsurance Group is pleased to announce the establishment of a new underwriting subsidiary, Arch Re Facultative Underwriters Inc. The new operation further extends Arch Reinsurance Group’s commitment to the U.S. reinsurance market and will focus on U.S. property facultative business. Steven Franklin will serve as President and Chief Executive Officer of the new subsidiary. Mr. Franklin was formally with the Property Facultative unit of General Re. Arch Re is enthusiastic about the hiring of this outstanding executive with extensive experience in property facultative reinsurance.

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.