Market Overview

Arch Capital Group Ltd. Announces Closing of Public Offering of 4,000,000 Depositary Shares Representing Series F Preferred Shares and Redemption of Outstanding 6.75% Series C Non-Cumulative Preferred Shares

Share:

Arch Capital Group Ltd. (NASDAQ:ACGL) announced today that it has closed
its previously announced underwritten public offering of 4,000,000
Depositary Shares, each of which represents a 1/1,000th
interest in a 5.45% Non-Cumulative Preferred Share, Series F, of ACGL
(the Series F Preferred Shares). This offering is an additional issuance
of its Series F Preferred Shares originally issued in August of 2017.
The additional Depositary Shares have been listed on NASDAQ, under the
existing symbol "ACGLO."

The offering was led by Merrill Lynch, Pierce, Fenner & Smith
Incorporated and Wells Fargo Securities, LLC as joint book-running
managers.

The Company also announced today that it had called for redemption on
January 2, 2018, all of its outstanding of 6.75% Series C Non-Cumulative
Preferred Shares which are listed on the New York Stock Exchange under
the symbol "ARH.PRC." The Series C Non-Cumulative Preferred Shares will
be redeemed at a redemption price equal to $25.00 per share (an
aggregate redemption price of $92,554,825), plus all declared and unpaid
dividends to (but excluding) the redemption date. The Paying Agent for
the redemption is American Stock Transfer & Trust Company, LLC, and they
can be reached toll-free at (877) 248-6417 or at (718) 921-8317 with any
questions regarding the redemption. ACGL has declared a one-time
dividend on the Series C Non-Cumulative Preferred Shares for the period
from and including December 31, 2017 through and including January 1,
2018 of $0.009375 per share, which will be paid on the redemption date,
along with the redemption price. Record holders of the Series C
Non-Cumulative Preferred Shares as of December 15, 2017 will still
receive the previously announced dividend for the fourth quarter of
2017, also payable on January 2, 2018.

Arch Capital Group Ltd., a Bermuda-based company with approximately
$11.04 billion in capital at September 30, 2017, provides insurance,
reinsurance and mortgage insurance on a worldwide basis through its
wholly owned subsidiaries.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any jurisdiction in which the offer, solicitation or sale
is not permitted. The offering is being made pursuant to the Company's
effective shelf registration statement previously filed with the
Securities and Exchange Commission. This offering may be made only by
means of a prospectus, including a prospectus supplement, forming a part
of the effective registration statement.

You may obtain a copy of the final prospectus supplement and
accompanying prospectus from the Securities and Exchange Commission at www.sec.gov.
Alternatively, the underwriters may arrange to send you these documents
if you request them by contacting Merrill Lynch, Pierce, Fenner & Smith
Incorporated, NC1-004-03-43, 200 North College Street, 3rd floor,
Charlotte, NC 28255-0001, Attn: Prospectus Department, by calling
toll-free: 1-800-294-1322 or by emailing dg.prospectus_requests@baml.com
or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000,
Minneapolis, MN 55402, Attn: WFS Customer Service, by calling toll-free:
1-800-645-3751 or by emailing: wfscustomerservice@wellsfargo.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 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.

View Comments and Join the Discussion!