Arch Capital Group Ltd. Releases 2023 Sustainability Reports
04 Avril 2024 - 2:30PM
Business Wire
Arch Capital Group Ltd. (NASDAQ: ACGL, Arch, the Company) today
announced it has released its 2023 Sustainability Report,
Sustainability Accounting Standards Board Report and Task Force for
Climate-related Financial Disclosures.
These three reports detail Arch’s environmental, social and
governance (ESG) strategy, as well as the five key impact areas
that support and drive the Company’s ESG initiatives: Business,
Operations, Investments, People and Communities. Organized under
these pillars, Arch tracks sustainable progress and celebrates
collaborative successes across the enterprise.
“This report marks our fifth year of reporting on how we
incorporate sustainability practices into our daily operations and
decision making across our business,” said Marcy Rathman, Chief ESG
Officer for Arch Capital Group Ltd. “As a market-leading insurer,
our business is built on long-term thinking, risk management
expertise and an established history of delivering reliable results
to the market. I’m proud of the progress that we’ve made to
incorporate sustainability-driven thinking into core areas of our
business and strengthen our ESG priorities.”
To learn more about ESG at Arch, or to download a copy of these
reports, visit
https://www.archgroup.com/sustainability-governance/.
About Arch Capital Group Ltd.
Arch Capital Group Ltd., a publicly listed Bermuda exempted
company with approximately $21.1 billion in capital at Dec. 31,
2023, provides insurance, reinsurance and mortgage insurance on a
worldwide basis through its wholly owned subsidiaries.
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 the Company’s 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 the Company’s 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 the
Company’s ability to maintain and improve its ratings; investment
performance; the loss of key personnel; the adequacy of the
Company’s 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, including
pandemics such as COVID-19; the impact of acts of terrorism and
acts of war; changes in regulations and/or tax laws in the United
States or elsewhere; ability to successfully integrate, establish
and maintain operating procedures as well as integrate the
businesses the Company has 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 the Company of reinsurance to manage our gross and net
exposures; the failure of others to meet their obligations to the
Company; an incident, disruption in operations or other cyber event
caused by cyber attacks, the use of artificial intelligence
technologies or other technology on the Company’s systems or those
of the Company’s business partners and service providers, which
could negatively impact the Company’s business and/or expose the
Company to litigation; and other factors identified in our filings
with the U.S. Securities and Exchange Commission (SEC).
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 the Company’s behalf are
expressly qualified in their entirety by these cautionary
statements. The Company undertakes no obligation to publicly update
or revise any forward−looking statement, whether as a result of new
information, future events or otherwise.
# # #
Source: Arch Capital Group Ltd.
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Media: Greg Hare ghare@archgroup.com Stephanie Perez
stperez@archgroup.com
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