Arch Insurance Group Announces Executive Moves for Property Business

NEW YORK--(BUSINESS WIRE)--Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., announced the following executive moves in their property division effective immediately:

GLOBAL PROPERTY

Michael Kmetz has been promoted to Senior Vice President at Arch Insurance Group and will be the new business unit executive for Global Property reporting to Mark Lyons, President- Arch Insurance Group. Kmetz was Regional Vice President for Global Property in the Northeast Region.

Joining Arch in October 2002, Kmetz previously spent 13 years at the ACE-CIGNA organizations in global underwriting and management roles both in the field and in home office that included tours of duty in New York, Chicago, San Francisco and Philadelphia. He is a graduate of Rutgers College with a Bachelors degree in Economics and a concentration in finance; he also holds an M.B.A. from the University of San Francisco with a concentration in international management.

EXCESS & SURPLUS PROPERTY

Steve Manahan has been promoted to Senior Vice President at Arch Insurance Group and will be the new business unit executive for Excess & Surplus Property reporting to Mark Lyons, President-Arch Insurance Group.

Joining Arch in 2002, Manahan started his insurance career in Dublin, Ireland in 1977 as an insurance broker working for, among others, Johnson & Higgins and Willis Faber Associates. Prior to joining Arch, he held various positions of increased responsibility at Home Insurance, Reliance National, and Gulf Insurance in Chicago. Steve was educated in Dublin, Ireland at Oatlands College, HS.

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.