8-K/AOther EventsExhibits & Filings

ARCH CAPITAL GROUP LTD. 8-K/A Report, Corporate Update (Sep 23, 2016)

Filed September 23, 2016For Securities:ACGLACGLNACGLO

Summary

Arch Capital Group Ltd. (ACGL) filed an 8-K on September 23, 2016, to provide updated information regarding its previously announced planned acquisition of United Guaranty Corporation and AIG United Guaranty (Asia) Limited. The filing includes key financial statements for the target company, United Guaranty, both audited and unaudited, as well as preliminary unaudited pro forma condensed combined financial statements that illustrate the potential impact of the acquisition on ACGL's financial position. Investors should note that the acquisition has not yet been consummated, and there is no assurance that it will be completed as planned. The included financial information is crucial for assessing the potential scale and financial implications of this significant transaction for ACGL. The filing also references a consent from PricewaterhouseCoopers, LLP, related to their audit report on United Guaranty's financial statements, adding a layer of assurance to the provided historical data.

Key Highlights

  • 1ACGL is providing updated financial information related to its planned acquisition of United Guaranty (UG Corp and UG Asia).
  • 2The filing includes historical audited and unaudited financial statements for United Guaranty as of December 31, 2015, December 31, 2014, and June 30, 2016, as well as for relevant periods.
  • 3Preliminary unaudited pro forma condensed combined financial statements are included, reflecting the potential combined entity post-acquisition.
  • 4The acquisition is still pending and its completion is not guaranteed.
  • 5The filing references a consent from PricewaterhouseCoopers, LLP, regarding the audit of United Guaranty's financial statements.
  • 6These financial statements are incorporated by reference into a prospectus supplement filed on the same date.

Frequently Asked Questions

The primary purpose of this 8-K filing is to provide investors with updated financial information related to Arch Capital Group Ltd.'s (ACGL) planned acquisition of United Guaranty Corporation and AIG United Guaranty (Asia) Limited. This includes historical financial statements of the target company and preliminary pro forma combined financial statements.

No, the acquisition of United Guaranty has not yet been consummated. The filing explicitly states that there can be no assurance that the transaction will be consummated as contemplated.

The filing includes the historical audited and unaudited financial statements of United Guaranty, as well as preliminary unaudited pro forma condensed combined financial statements of ACGL that give effect to the acquisition.

For further information relating to the acquisition, investors are directed to ACGL's Current Report on Form 8-K dated August 15, 2016, and the prospectus supplement filed on September 23, 2016.