Arch Capital Group Ltd.
Arch Capital Group Amends Letter of Credit Facility Agreement
Summary
On October 30, 2024, Arch Reinsurance Ltd., a subsidiary of Arch Capital Group Ltd., amended its Letter of Credit Facility Agreement with Lloyds Bank Corporate Markets plc, increasing the facility from $530 million to $700 million. As of October 31, 2024, $700 million face amount of letters of credit had been issued under the facility. This amendment is detailed in Amendment No. 4 to the Letter of Credit Facility Agreement, which is attached as Exhibit 10.1 to this Current Report.
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About Arch Capital Group Ltd.
Arch Capital Group Ltd. is a leading global insurance and reinsurance provider, specializing in a diverse range of insurance products and services. Established to meet the unique needs of clients across the globe, Arch Capital offers insurance and reinsurance solutions in property, casualty, and specialty lines. With its headquarters in Bermuda, the company plays a pivotal role in the finance and insurance sectors, leveraging its robust underwriting expertise and financial strength. Catering to a broad spectrum of industries, Arch Capital serves commercial and individual clients, providing risk management solutions tailored to various industries. Its presence spans multiple continents, ensuring comprehensive support and coverage. Arch Capital Group Ltd.'s strategic growth and responsible risk management have cemented its status as a significant player in the global insurance landscape, offering innovative products that address emerging risks and evolving market demands.
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