secwatch.observer — SEC 8-K summary
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Issuer:     ARCH CAPITAL GROUP LTD. (ACGL)
CIK:        0000947484
Form:       8-K
Filed at:   2023-11-20T23:59:59+00:00
Accession:  0000947484-23-000117
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Arch Capital subsidiaries terminate $1.7B Bellemeade mortgage reinsurance agreements due to S&P criteria change
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- Arch Mortgage and United Guaranty terminated eight Bellemeade excess-of-loss reinsurance agreements, effective Dec 27, 2023.
- Terminated agreements represent $1.7B limit of total $3.2B coverage from all mortgage insurance-linked note vehicles.
- Termination driven by S&P Insurer Risk-Based Capital Adequacy criteria change effective Nov 15, 2023 reducing capital relief.
- Remaining Bellemeade reinsurance agreements unaffected and continue under their terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/947484/000094748423000117/0000947484-23-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/947484/000094748423000117/acgl-20231117.htm
  HTML page:      https://secwatch.observer/filing/0000947484-23-000117

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