Arch Capital Group Ltd. Announces $500 Million Public Offering of Depositary Shares Representing Series G Preferred Shares

Arch Capital Group Ltd. [NASDAQ: ACGL] announced today that it has priced an underwritten public offering of 20,000,000 Depositary Shares, each of which represents a 1/1,000^th interest in a 4.550% Non-Cumulative Preferred Share, Series G, of ACGL (the “Series G Preferred Shares”). The public offering price is $25 per Depositary Share for an aggregate public offering price of $500 million. The Company intends to use the net proceeds of this offering to redeem all or a portion of its issued and outstanding Series E Non-Cumulative Preferred Shares in September 2021 and to use any remaining amounts for general corporate purposes. The offering is expected to close on June 11, 2021, subject to customary closing conditions. The Company has applied to list the Depositary Shares on NASDAQ under the symbol “ACGLN.”

On or after June 11, 2026, the Company may redeem all or a portion of the Series G Preferred Shares at a redemption price equal to $25,000 per Series G Preferred Share (equivalent to $25 per Depositary Share), plus declared and unpaid dividends, if any, to, but excluding, the date of redemption.

The offering is being led by BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC as joint book-running managers.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which the offer, solicitation or sale is not permitted. The offering is being made pursuant to the Company’s effective shelf registration statement previously filed with the Securities and Exchange Commission. This offering may be made only by means of a prospectus, including a preliminary prospectus supplement, forming a part of the effective registration statement.

You may obtain a copy of the preliminary prospectus supplement, the final prospectus supplement, when available, and accompanying prospectus from the Securities and Exchange Commission at www.sec.gov. Alternatively, the underwriters may arrange to send you these documents if you request them by contacting BofA Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department or by emailing [e-mail]; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179 Attention: Investment Grade Syndicate Desk - 3rd floor or by calling [phone]; Morgan Stanley, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department; RBC Capital Markets, LLC, Brookfield Place, 200 Vesey Street, 8^th Floor, New York, NY 10281, Attention: Investment Grade Syndicate Desk, by calling toll-free: 1-866-375-6829, or by emailing: [e-mail]; or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attn: WFS Customer Service, by calling toll-free: 1-800-645-3751 or by emailing: [e-mail].