Arch Insurance Company engages in underwriting program business through program administrators. The company involves in underwriting programs for pest control companies, security guards, logging equipment and other inland marine, hazardous materials haulers, water districts, above and below ground mines, addiction treatment centers, fire districts and emergency services, and California artisan contractors. It offers its services in Stamford, Connecticut; and Denver, Colorado. The company was formerly known as First American Insurance Company and changed its name to Arch Insurance Company in June, 2002. The company was founded in 1971 and is based in Kansas City, Missouri. Arch Insurance Comp...
Kansas City, MO 64111
Founded in 1971
Arch Capital Group Ltd. Enters into an Amended and Restated Credit Agreement
Jul 1 14
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.