| Business Summary | | Arch
Capital
Group
Ltd.
is
a
diversified
financial
services
holding
company,
with
an
emphasis
on
the
insurance
sector.
The
Company
owns
and
intends
to
acquire
operating
businesses
that
will
enable
it
to
generate
both
fee-based
revenue
(commissions
and
advisory
and
management
fees)
and
risk-based
revenue
(insurance
premium).
The
Company
participates
in
the
insurance
sector
through
its
ownership
interest
in
various
insurance-related
entities,
such
as
intermediaries,
underwriting
agencies,
service
providers
and
insurance
companies,
each
of
which
captures
a
portion
of
insurance
premium
at
different
points
in
the
insurance
chain. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Arch
Capital
Group
Ltd.,
a
wholly
owned
subsidiary
of
Bermuda
holding
company,
pursues
business
combinations
and
ventures
with
existing
businesses.
For
the
six
months
ended
6/30/01,
revenues
decreased
70%
to
$40.1
million.
Net
income
rose
from
$5.1
million
to
$16.4
million.
Revenues
reflect
the
sale
of
the
reinsurance
operations.
Net
income
was
offset
by
decreased
claims
and
claims
expenses,
decreased
commission
and
brokerage
fees,
and
a
lower
effective
tax
rate. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Clements, 68 Chairman | -- | Peter Appel, 39 Pres,
CEO, Director | $1.7M | Debra O'Connor, 41 Sr.
VP, Controller, Treasurer | 308K | Louis Petrillo, 35 Sr.
VP, Gen. Counsel, Sec. | 314K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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