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

 

November 5, 2009

Date of Report (Date of earliest event reported)

 

Arch Capital Group Ltd.

(Exact name of registrant as specified in its charter)

 

 

Wessex House, 45 Reid Street, Hamilton HM 12, 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):

 

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

 

 

ITEM 7.01             Regulation FD Disclosure.

 

On November 6, 2009, Arch Capital Group Ltd. (“ACGL”) issued a press release announcing that its Board of Directors (the “Board”) approved an additional share repurchase authorization (the “Additional Repurchase Authorization”).  A copy of this press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

 

The information in this Current Report on Form 8-K, including the information set forth in Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

ITEM      8.01        Other Events.

 

Preferred Share Dividends.  On November 5, 2009, the Board declared dividends with respect to the outstanding (1) 8,000,000 shares of its 8.00% Non-Cumulative Preferred Shares, Series A, $0.01 per share (the “Series A Shares”), with a liquidation preference of $25.00 per share, and (2) 5,000,000 shares of its 7.875% Non-Cumulative Preferred Shares, Series B, $0.01 per share (the “Series B Shares”), with a liquidation preference of $25.00 per share, as outlined below.  All such dividends will be payable out of lawfully available funds for the payment of dividends under Bermuda law on February 15, 2010 to holders of record of the Series A Shares and the Series B Shares, as applicable, as of February 1, 2010, unless determined otherwise by the Board or the Executive Committee of the Board on or prior to the applicable effective date.

 

 

Series		Effective Date for Declaration		Dividend Period		Dividend Amount			Rate Per Share
Series A		12/31/09		11/15/09-12/31/09		$	2,044,444		$	0.2556
		2/14/10		1/1/10-2/14/10		1,955,556			0.2444
						$	4,000,000		$	0.50
Series B		12/31/09		11/15/09-12/31/09		$	1,257,813		$	0.2516
		2/14/10		1/1/10-2/14/10		1,203,125			0.2406
						$	2,460,938		$	0.4922

 

ITEM 9.01             Financial Statements and Exhibits.

 

EXHIBIT NO.		DESCRIPTION
99.1		Press Release dated November 6, 2009 announcing Arch Capital Group Ltd.’s Additional Repurchase Authorization.

 

 

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.

 

	ARCH CAPITAL GROUP LTD.
Date: November 6, 2009	By	/s/ Marc Grandisson
		Name:  Marc Grandisson Title:  Chairman and Chief Executive Officer of Arch Worldwide Reinsurance Group

 

 

EXHIBIT INDEX

 

 

EXHIBIT NO.		DESCRIPTION
99.1		Press Release dated November 6, 2009 announcing Arch Capital Group Ltd.’s Additional Repurchase Authorization.