ArchRe Amends Lloyds Letter of Credit Facility, Raises Incremental Capacity
Filed with the SEC on · Summarized by InvestorsBot
Arch Capital’s wholly owned subsidiary Arch Reinsurance Ltd. amended its letter of credit facility with Lloyds Bank Corporate Markets plc, extending letters of credit for the 2027 underwriting year and the availability period through May 31, 2027. The amendment keeps the facility at $700 million but raises the maximum incremental commitment from $50 million to $200 million, providing additional flexibility for ArchRe’s underwriting operations.