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April 21, 2015 11:56 PM ET

Insurance

Company Overview of Arch Specialty Insurance Company

Company Overview

Arch Specialty Insurance Company offers specialty reinsurance to corporations, professional firms, and financial institutions. The company was formerly known as Rock River Insurance Company and changed its name to Arch Specialty Insurance Company in August 2002. The company was founded in 1964 and is based in Jersey City, New Jersey. It has additional offices in Omaha, Nebraska and Dover, New Hampshire. Arch Specialty Insurance Company operates as a subsidiary of Arch Insurance Company.

300 Plaza Three

3rd Floor

Jersey City, NJ 07311

United States

Founded in 1964

Phone:

201-743-4000

Fax:

201-743-4005

Key Executives for Arch Specialty Insurance Company

Chairman, Chief Executive Officer, and President
Age: 57
Senior Vice President, Chief Financial Officer, Treasurer, Member of the Board of Directors
Senior Executive Vice President, Chief Administrative Officer, Member of the Board of Directors
Executive Vice President, Chief Marketing Officer
Senior Executive Vice President – Financial & Professional Liability Group and Member of the Board of Directors
Age: 55
Compensation as of Fiscal Year 2014.

Arch Specialty Insurance Company Key Developments

Arch Capital Group Ltd. Enters into an Amended and Restated Credit Agreement

Arch Capital Group Ltd. and its subsidiaries, Arch Capital Group (U.S.) Inc., Arch Reinsurance Ltd., Arch Reinsurance Company, Arch Reinsurance Europe Underwriting Limited, Arch Insurance Company, Arch Specialty Insurance Company and Arch Insurance Company (Europe) Limited, (such subsidiaries are referred to as designated subsidiary borrowers and, together with ACGL, the borrowers), entered into an amended and restated credit agreement with Bank of America, N.A., as administrative agent, Fronting Bank and L/C Administrator, JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as Co-Syndication Agents, U.S. Bank National Association and Lloyds Bank plc, as Co-Documentation Agents, Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as Joint Lead Arrangers and Joint Book Managers and the other lenders party thereto. Under the terms of the credit agreement, up to $500 million of secured letters of credit may be issued to the Designated Subsidiary Borrowers. An unsecured revolving loan and unsecured letters of credit are available to ACGL and ACUS, and unsecured letters of credit are available for each of ACGL, ARL and ARC, with a limit of $100 million for each of ARL and ARC, and with the aggregate of loans and unsecured letters of credit not to exceed $300 million.

Arch Capital Group Ltd. and its Subsidiaries Enter into First Amendment to the Credit Agreement

On December 9, 2013, Arch Capital Group Ltd. and its subsidiaries Arch Reinsurance Ltd., Arch Reinsurance Company, Arch Reinsurance Europe Underwriting Limited, Arch Insurance Company, Arch Specialty Insurance Company, Arch Excess & Surplus Insurance Company, Arch Insurance Company (Europe) Limited and Arch Capital Group (U.S.) Inc. entered into a first amendment to the credit agreement, dated as of August 18, 2011, with Bank of America, N.A., as administrative agent, Fronting Bank and L/C administrator, JPMorgan Chase Bank, N.A., as Fronting Bank, L/C administrator and syndication agent, Citibank, N.A., U.S. Bank National Association and Wells Fargo Bank, National Association, as co-documentation agents, the other lenders party thereto, and Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, as joint lead arrangers and joint book managers. The first amendment adds ACUS as a permissible borrower under the unsecured revolving loan. Under the credit agreement, unsecured letters of credit are also available to ACGL, and unsecured letters of credit are available for up to $100 million to each of ARL and ARC, with the aggregate of loans and unsecured letters of credit not to exceed $300 million. In connection with the first amendment ACGL entered into a guaranty, dated as of December 9, 2013, which provides that ACGL will guaranty the obligations of ACUS under the credit agreement, and ACUS entered into a guaranty, dated as of December 9, 2013 under which ACUS will guaranty the obligations of ACGL under the credit agreement.

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