LONDON--(BUSINESS WIRE)--Arch Underwriting at Lloyd’s is pleased to announce that it has launched Arch Underwriting at Lloyd’s (South Africa) (Pty) Ltd. Arch Underwriting at Lloyd’s is part of the Arch Insurance Europe underwriting platform, which is now comprised of Arch Insurance Company (Europe) Limited and Arch Underwriting at Lloyd’s in London and the recently opened Arch Underwriting at Lloyd’s (Australia) Pty Ltd in Sydney, Australia.

Arch Underwriting at Lloyd’s (South Africa) is managed by Steve Fogarty, Regional Director South Africa and will have an initial focus on Commercial Property business. Steve most recently held regional responsibility for the Chartis (formally AIG) commercial property and terrorism products in Africa.

Commenting on the opening of this new office, Arch Insurance Europe’s President and CEO, James Weatherstone, said, “The establishment of an Arch owned and managed underwriting platform in Johannesburg is another significant development for our Lloyd’s syndicate. Together with the recent opening of the Arch Sydney office led by Adam Matteson, the new Johannesburg office complements our strategy of developing indigenous business which does not typically come into London. With Steve on board, we have an experienced technical underwriter with over 20 years of experience in the African market.”

Headquartered in Johannesburg, Arch Underwriting at Lloyd’s (South Africa) is a service company that is part of the Arch group of companies. The Arch Johannesburg office and the Arch Sydney office have authority to enter into contracts of insurance on behalf of the Lloyd’s underwriting member of Lloyd’s syndicate 2012, managed by Arch Underwriting at Lloyd’s Ltd.

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: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and our ability 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; and other 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.