Arch Capital Group Ltd. (NASDAQ:ACGL) Files An 8-K Other Events
ITEM 8.01 Other Events.
6,381,410 common shares of Arch Capital Group, Ltd. (ACGL) (the
Common Shares), par value $0.0033 per share, issued upon
conversion of 638,141 shares of ACGLs Series D Convertible
Participating Non-Voting Perpetual Preferred Shares, was
consummated by American International Group, Inc. and its
affiliate National Union Fire Insurance Company of Pittsburgh,
Pa. (collectively, the Selling Shareholders) to the Purchase
Agreement dated June 8, 2017 (the Purchase Agreement) by and
among ACGL, the Selling Shareholders and Barclays Capital Inc.
and Wells Fargo Securities, LLC as representatives of the several
underwriters named therein. ACGL will not receive any of the
proceeds from the offering.
attached hereto as Exhibit 5.1.
the closing of the secondary underwritten public offering of the
Common Shares. A copy of the press release is attached to this
Current Report on Form 8-K as Exhibit 99.1.
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EXHIBIT NO.
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DESCRIPTION
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5.1
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Opinion of Conyers Dill Pearman Limited
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23.1
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Consent of Conyers Dill Pearman Limited (included as
part of Exhibit 5.1) |
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99.1
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Press release dated June 14, 2017 announcing the
closing of the underwritten public offering of the Common Shares |
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).