Additionally, Fitch has affirmed the Insurer Financial Strength (IFS) ratings of
ACGL's various primary insurance and reinsurance operating subsidiaries at 'A+'.
Further measures enhancing
ACGL's support to Gulf Re are being finalised.
Best highlighted the "substantial experience of the senior underwriters and management of Gulf Re, the technical support of
ACGL through the provision of actuarial and other expertise, low startup costs and the advantageous tax regime [in Dubai]." In addition, A.M.
Asia On-Line is
ACGL's online services arm, providing interactive software to facilitate online commerce, publishing, gaming, chat, and other services.
Gansberg joined
ACGL in 2001 and most recently served as President and CEO of Arch Mortgage Insurance Company (Arch MI).
Fitch's affirmation of
ACGL's ratings reflects the company's strong and diversified business profile, reasonable financial leverage, strong fixed-charge coverage and very strong profitability.
(
ACGL), has been essential to the success of the enterprise and is likely to remain important to its strategic plan.
Tickers featured: ACE,
ACGL, AIG, AXS, CB, ENH, FSR, HIB, PRA, PRE, RNR, THG, TRV, VR, XL.
* Arch Capital Group (NASDAQ:
ACGL) stock hit a yearly high price of $40.16.
Arch Capital Group announced that Andrew Rippert has been named Chief Innovation and Strategic Investment Officer, reporting to
ACGL President and CEO Marc Grandisson.
(NASDAQ:
ACGL) has closed the acquisition of specialised risk management and insurance programmes provider McNeil and Co., the company said.