ACGLArch Capital Group
Arch Capital is a publicly listed Bermuda exempted company with approximately $26.9 billion in capital at December 31, 2025 and is part of the S&P 500 index. 10-K, Item 1
Deals between ACGL and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement. Below: what the proxy filed 2026-03-24 reports that the one filed 2025-03-25 did not, quoted as filed.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-03-25.
Nothing new: every deal in this year's section was reported last year too.
No longer reported 8 paragraphs of the proxy filed 2025-03-25 with nothing like them this year
Certain Relationships and Related Person Transactions“In January 2017, the Company and Kelso & Co. (“Kelso”), sponsored Premia Reinsurance Ltd., a newly formed multi-line Bermuda reinsurance company (“Premia Re”). Premia Re’s strategy is to reinsure or acquire companies or reserve portfolios in the non-life property and casualty insurance and reinsurance run-off market. The initial capitalization of Premia Re’s parent, Premia Holdings Ltd. (“Premia”), consisted of $400 million in common equity and $110 million in unsecured senior debt. Arch Re Bermuda and certain Arch co-investors, including senior management of Premia, invested $100 million and acquired 25% of Premia’s common equity as well as warrants to purchase additional common equity. Two of the co-investors included Nicolas Papadopoulo, CEO of Arch Capital, who invested $2.5 million for a 0.625% stake, and Maamoun Rajeh, President of Arch Capital, who invested $0.5 million for a 0.125% stake. Affiliates of Kelso, along with co-investors of Kelso, invested $300 million and acquired the balance of Premia’s common equity as well as warrants to purchase additional common equity. Subsidiaries of Arch Capital are providing certain administrative and support services to Premia pursuant to services agreements. Arch Re Bermuda has appointed two directors to serve on the seven-person board of directors of Premia Re. Arch Re Bermuda is providing a quota share reinsurance treaty on certain business written by Premia Re. During 2024, Arch Re Bermuda did not enter into any new reinsurance transactions with Premia. During 2024, Arch Re Bermuda generated immaterial net premiums written and earned, compared to $80 million and $81 million, respectively in 2023. At December 31, 2024, Arch Re Bermuda recorded funds held in assets from Premia of $137 million, compared to $158 million at December 31, 2023.”
Read it in last year's proxy ↗
Certain Relationships and Related Person Transactions“In October 2024, we made a $125,000 contribution to the Urban Institute, a non-profit research organization that employs one of our directors in a non-executive role, Laurie S. Goodman.”
Read it in last year's proxy ↗
Certain Relationships and Related Person Transactions“In January 2023, we entered into various transactions related to private investments supporting the retrocession requirements of certain companies in the Company’s Reinsurance segment (collectively, the “2023 Reinsurance Transactions”). One of the investors in the 2023 Reinsurance Transactions is a fund managed by Artisan Partners Limited Partnership (“APLP”). Based solely on a Schedule 13G/A filed in February 2024, certain investment management clients of APLP, including the fund referenced in the previous sentence, beneficially owned more than five percent of the outstanding common shares of Arch Capital as of December 31, 2023. See “Security Ownership of Certain Beneficial Owners and Management - Common Shares” for further detail. Pursuant to the transaction, the fund has committed to providing $100 million in retrocession protection for Arch’s benefit via an insurance-linked securities structure with respect to certain risks underwritten during the relevant policy period in exchange for net ceded premiums.”
Read it in last year's proxy ↗
Certain Relationships and Related Person Transactions“Based solely on a Schedule 13G/A filed in November 2024, BlackRock Inc. (“BlackRock”) beneficially owned more than five percent of the outstanding common shares of Arch Capital as of September 30, 2024. BlackRock, through its subsidiaries, provides various investment management, investment trade support and risk analysis services to Arch Capital and its subsidiaries. During 2024, the Company incurred $7.7 million of fees, in the aggregate, under these services arrangements with BlackRock.”
Read it in last year's proxy ↗
Certain Relationships and Related Person Transactions“Based solely on a Schedule 13G/A filed in November 2024, Baron Capital Group, Inc., and certain of its subsidiaries and its controlling owner Ronald Baron (collectively “Baron”), beneficially owned more than five percent of the outstanding common shares of Arch Capital as of September 30, 2024. Certain of the Company’s subsidiaries have made passive investments in Baron funds in the ordinary course of business. As of December 2024, the Company had approximately $97 million net asset value invested, in the aggregate, in funds managed by Baron.”
Read it in last year's proxy ↗
Certain Relationships and Related Person Transactions“Based solely on a Schedule 13G/A filed in February 2024, The Vanguard Group (“Vanguard”) beneficially owned more than 5% of the outstanding common shares of Arch Capital as of December 29, 2023. In 2024, Vanguard provided investment management services to Company-sponsored pension plans. Fees payable in connection with investing in Vanguard funds are paid by the plans. No fees were paid by the Company.”
Read it in last year's proxy ↗
Certain Relationships and Related Person Transactions“Chiara Nannini, a director of certain of our non-U.S. subsidiaries, is a director of the law firm of Conyers Dill & Pearman Limited (“Conyers”), which provides legal services to the Company and its subsidiaries.”
Read it in last year's proxy ↗
Certain Relationships and Related Person Transactions“From time to time, in the ordinary course of our business, we may enter into transactions, including insurance and reinsurance transactions and brokerage or other arrangements for the production of business, with entities in which companies or funds affiliated with beneficial owners of more than 5% of our issued and outstanding voting shares or directors of Arch Capital may have an ownership or other interest.”
Read it in last year's proxy ↗
The whole section 1 paragraphs, proxy filed 2026-03-24
Capital has a material interest (each a “portfolio“company”), on the one hand, and Arch Capital or one of its subsidiaries, on the other hand. The Board or its disinterested members, as appropriate, also review, approve or ratify any related person transaction required by the SEC to be disclosed in our Proxy Statement. Under the procedures, these transactions must be reviewed and approved by the management of Arch Capital or the operating subsidiary entering into the transaction (as applicable), and the terms of such transaction should be arm’s-length or on terms that are otherwise fair to Arch”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗
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