Arch Re Europe Facultative Division Opens London Operations

DUBLIN--(BUSINESS WIRE)-- The property facultative arm of Arch Reinsurance Europe Underwriting Limited, based in Ireland, has commenced operations in Arch Re Europe’s new London Branch Office to write an array of excess of loss facultative products.

The London Branch Office builds upon the considerable achievements of Arch Re Facultative in the North American market since its formation in 2007. The London branch follows the successful establishment of Arch Re Europe’s Facultative Division’s first European office in Zurich last year, which is where Antoine Combarel, Regional Managing Director of the Division, resides. London will work in concert with the team in the Arch Re Europe Zurich Branch Office to provide seamless service across the region.

Steve Franklin, the Chief Executive Officer of Arch Re Facultative in the U.S., said: “We are excited about our expansion in London – a great city with a great marketplace and great personalities which is alluring for our operation. We are looking forward to offering something different in the facultative environment.”

The London Branch Office will be headed up by Greg Parker, Managing Director for Arch Re Europe Facultative Division. Mr. Parker joined Arch in February 2012, bringing 15 years of industry experience in both London and the U.S., which encompassed roles at Gen Re, Hiscox and, most recently, Zurich. Greg is joined by Oliver Woodward, Underwriting Director, in London who has eight years of experience with Hiscox.

Arch Re Europe is part of Arch Capital Group Ltd., a Bermuda-based company with approximately $5.24 billion in capital at March 31, 2012, which provides insurance and reinsurance on a worldwide basis through its wholly owned subsidiaries.

Cautionary Note Regarding Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward-looking statements, which reflect our current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward-looking statements.

Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or their negative or variations or similar terminology. Forward-looking statements involve our current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adversegeneral economic and market conditions;increased competition;pricing and policy term trends;fluctuations in the actions of rating agencies and ourability to maintain and improve our ratings; investment performance;the loss of key personnel;the adequacy of our loss reserves,severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities;greater frequency or severity of unpredictable natural and man-made catastrophic events; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere;our ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses we have acquired or may acquire into the existing operations;changes in accounting principles or policies;material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements;availability and cost to us of reinsurance to manage our gross and net exposures;the failure of others to meet their obligations to us; andother factors identified in our filings with the U.S. Securities and Exchange Commission.

The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Arch Reinsurance Europe Underwriting Limited
Antoine Combarel, +41 44 217 88 21
orGreg Parker, +44 (0) 20 7337 6092

Source: Arch Reinsurance Europe Underwriting Limited