Arch Capital Group Ltd. Announces Catastrophe Loss Estimates

PEMBROKE, Bermuda–(BUSINESS WIRE)–Arch Capital Group Ltd. [NASDAQ:ACGL; “the Company”] reports that its 2020 fourth quarter results will be negatively impacted by a set of catastrophe events that occurred during the 2020 fourth quarter, including Hurricanes Delta and Zeta and other minor global events, as well as updated loss estimates for catastrophes that occurred during the 2020 third quarter. As a result, the Company has established a range of pretax catastrophe losses of $155 million to $165 million in the 2020 fourth quarter across its property casualty insurance and reinsurance segments, net of reinsurance recoveries and reinstatement premiums.

Included in this range of estimates is an update to the Company’s…