Arch Capital Group Ltd. (NASDAQ:ACGL) Files An 8-K Other Events
ITEM 8.01 Other Events.
Securities, LLC, as representatives of the several underwriters
party to the Purchase Agreement dated as of June 8, 2017 relating
to the secondary public offering of common shares (the Common
Shares) of Arch Capital Group, Ltd. (ACGL), exercised their
option to purchase an additional 707,210 Common Shares (the
Additional Shares). The Additional Shares are being sold after
conversion of 70,721 shares of the Companys Series D Convertible
Participating Non-Voting Perpetual Preferred Shares held by
National Union Fire Insurance Company of Pittsburgh, Pa., the
selling shareholder. ACGL will not receive any proceeds from the
sale of the Additional Shares.
the closing of the sale of the Additional 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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99.1
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Press release dated June 19, 2017 announcing the
closing of the sale of the Additional Shares. |
ARCH CAPITAL GROUP LTD. ExhibitEX-99.1 2 ex99161917release.htm EX 99.1 RELEASE Exhibit Exhibit 99.1ARCH CAPITAL GROUP LTD. ANNOUNCES CLOSING OF PARTIAL EXERCISE OF OPTION FOR AN ADDITIONAL 707,…To view the full exhibit click here 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).