As of May 22, 2019 4:00 PM - Minimum 20 minute delay.
Arch Capital Group Ltd. (Arch Capital or ACGL), a Bermuda
public limited liability company, writes insurance, reinsurance and mortgage
insurance on a worldwide basis with a focus on specialty lines. The combination
of our underwriting platform, our experienced management team and our strong
capital base have enabled us to establish a prominent presence in the global
insurance and reinsurance markets.
In March 2014, Watford Holdings Ltd. (Watford) raised approximately $1.1 billion of capital consisting of $907.3 million in common equity and $226.6 million in preference equity. Arch invested $100.0 million and owns 2,500,000 common shares, approximately 11% of Watford's outstanding common equity as of December 31, 2018, along with warrants to purchase up to 975,503 additional common shares. The warrants are exercisable and expire on March 31, 2020. Arch also holds 600,000 shares of Watford's cumulative redeemable preference shares. Under applicable accounting rules, 100% of Watford's results are included in Arch's consolidated financial statements. Watford's common shares are listed on the Nasdaq Select Global Market under the ticker symbol "WTRE" and its SEC filings and other financial information can be found here.