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ARCH CAPITAL GROUP LTD. M&A Activity 2020

Oct 9, 2020

30115_rns_2020-10-09_5e824aa7-ac1f-4828-b163-19c8d63b2dc3.zip

M&A Activity

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

October 9, 2020

Date of Report (Date of earliest event reported)

Arch Capital Group Ltd.

(Exact name of registrant as specified in its charter)

Bermuda 001-16209 98-0374481
(State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.)

Waterloo House, Ground Floor , 100 Pitts Bay Road , Pembroke HM 08 , Bermuda

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code:

( 441 ) 278-9250

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class Trading Symbol (s) Name of each exchange on which registered
Common shares, $0.0011 par value per share ACGL NASDAQ Stock Market
Depositary shares, each representing a 1/1,000th interest in a 5.25% Series E preferred share ACGLP NASDAQ Stock Market
Depositary shares, each representing a 1/1,000th interest in a 5.45% Series F preferred share ACGLO NASDAQ Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 8.01 Other Events.

On October 9, 2020, Arch Capital Group Ltd., a Bermuda exempted company (the “Company”), and Greysbridge Ltd., a Bermuda exempted company (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Watford Holdings Ltd., a Bermuda exempted company (“Watford”), pursuant to which, among other things, Merger Sub will merge with and into Watford (the “Merger”), with Watford surviving as a wholly owned subsidiary of the Company.

On October 9, 2020, the Company issued a press release announcing that it entered into the Merger Agreement. A copy of the press release is filed as Exhibit 99.1 hereto and incorporated herein by reference.

The information required by Item 1.01, including a copy of the Merger Agreement, will be filed in a separate Current Report on Form 8-K.

ITEM 9.01 Financial Statements and Exhibits .

(d): The following exhibits are being filed herewith.

EXHIBIT NO. DESCRIPTION
99.1 Press release dated October 9, 2020
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

/s/ François Morin
Name: François Morin
Title: Executive Vice President, Chief Financial Officer and Treasurer