Arch Capital Group Ltd. (NASDAQ:ACGL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02(b)Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective March 1, 2019, Andrew Rippert will be transitioning from his role as Chief Executive Officer of the Global Mortgage Group for Arch Capital Group Ltd. (the “Company”) to the role of Chief Innovation and Strategic Investment Officer of the Company.
ITEM 8.01Other Events.
Effective March 1, 2019, David Gansberg was named Chief Executive Officer of the Global Mortgage Group for the Company, and Michael Schmeiser was named President and Chief Executive Officer of Arch Mortgage Insurance Company.
About Arch Capital Group Ltd. (NASDAQ:ACGL)
Arch Capital Group Ltd. writes insurance and reinsurance on worldwide basis. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The Company’s insurance, reinsurance and mortgage segments are underwriting segments. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other, which includes alternative market risks and excess workers’ compensation. The reinsurance segment’s product lines include casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other, which includes life reinsurance and casualty clash businesses. The mortgage segment includes the results of Arch Mortgage Insurance Company (Arch MI U.S.) and Arch Mortgage Insurance Designated Activity Company (Arch MI Europe).