Market Overview

Arch MI Announces Partnership with the Nation's Largest Historically Black University

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The newly launched Arch MI Scholars Program will provide scholarships, internships and fellowships to students at North Carolina A&T State University.

Arch Mortgage Insurance Company (Arch MI) has partnered with North Carolina A&T State University, the largest university among historically Black colleges and universities (HBCU), to create a scholarship program designed to provide financial support and real-world experience for high-achieving students. The Arch MI Scholars Program will recruit students from North Carolina A&T State University (N.C. A&T), a noted research institution located about a mile away from the company's headquarters in downtown Greensboro, North Carolina.

As part of its five-year commitment, Arch MI will provide scholarships and on-the-job experience to students chosen from a competitive application process. Selected in the spring of their sophomore year, Arch MI scholars will complete a paid summer internship with the company before their junior and senior years and be awarded scholarships to help fund their studies for the following academic year. Upon graduation, the scholars will be eligible for a one-year paid fellowship with Arch MI. The first scholar is expected to be named in the spring of 2021.

"The Arch MI Scholars Program marries the company's commitment to diversity and inclusion with its aim to be an employer of first choice," said David Gansberg, CEO of Arch's Global Mortgage group. "The program also reinforces the company's commitment to the local community," he added. "This investment isn't just an opportunity to recruit the best and the brightest to work for us," Gansberg said. "It also allows us to make a meaningful contribution to an institution that is an anchor in Greensboro and the alma mater for a number of our employees."

The program focuses on students with majors in high-demand fields within the insurance industry. Those include accounting, finance, business information systems analytics, business management and economics, which are housed in N.C. A&T's Willie A. Deese College of Business and Economics, and information technology and mathematics, which are housed in the College of Science and Technology (COST).

"We are very excited about partnering with Arch MI to support, train and educate the next generation of science and technology leaders," said Abdellah Ahmidouch, Ph.D., COST dean. "The fact that Arch MI is based in Greensboro adds value to this partnership. Indeed, it relates directly to the distinctive land-grant mission of the university and the college of leveraging our expertise and skills to enhance the economic vitality of the Piedmont Triad region and the state of North Carolina."

About Arch Mortgage Insurance Company

Arch Capital Group Ltd.'s U.S. mortgage insurance operation, Arch MI, is a leading provider of private insurance covering mortgage credit risk. Headquartered in Greensboro, North Carolina, Arch MI's mission is to protect lenders against credit risk, while extending the possibility of responsible home ownership to qualified borrowers. Arch MI's flagship mortgage insurer, Arch Mortgage Insurance Company, is licensed to write mortgage insurance in all 50 states, the District of Columbia and Puerto Rico. For more information, please visit archmi.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 the Company's ability to maintain and improve its ratings; investment performance; the loss of key personnel; the adequacy of the Company's 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, including pandemics such as COVID-19; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; the Company's ability to successfully integrate, establish and maintain operating procedures as well as consummate acquisitions and integrate the businesses the Company has 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 the Company of reinsurance to manage the Company's gross and net exposures; the failure of others to meet their obligations to the Company; changes in the method for determining the London Inter-bank Offered Rate ("LIBOR") and the potential replacement of LIBOR and other factors identified in the Company's filings with the U.S. Securities and Exchange Commission ("SEC").

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. 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.

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