Arch Capital Group Ltd. filed a Form 8-K on October 30, 2026, disclosing that its wholly-owned subsidiary Arch Reinsurance Ltd. entered into Amendment No. 6 to its Letter of Credit Facility Agreement with Lloyds Bank Corporate Markets plc on October 28, 2026.

Key Highlights

  • Facility size: The Amended L/C Agreement provides for a $700 million facility for letters of credit.
  • Incremental Commitment increase: The maximum Incremental Commitment was raised from $50,000,000 to $200,000,000.
  • Availability Period extended: The last day of the Availability Period was extended from May 31, 2026 to May 31, 2027.
  • 2027 underwriting year: Amendment No. 6 includes a request for an extension of the Letters of Credit for the 2027 underwriting year of account.
  • Counterparty: Lloyds Bank Corporate Markets plc serves as both Administrative Agent and L/C Agent under the facility.
  • Amendment history: The original agreement dates to November 3, 2020, with this filing representing the sixth amendment.

Arch Reinsurance Ltd. Extends and Expands Lloyds Credit Facility Through 2027

According to the filing, Arch Reinsurance Ltd., a wholly-owned subsidiary of Arch Capital Group Ltd. (NASDAQ:ACGL), entered into Amendment No. 6 to its Letter of Credit Facility Agreement on October 28, 2026. The counterparty, Lloyds Bank Corporate Markets plc, acts as Administrative Agent and L/C Agent. The underlying agreement was originally dated November 3, 2020 and has been amended annually, with prior amendments executed in October 2021, October 2022, October 2023, October 2024, and October 2025.

The filing reports that Amendment No. 6 makes several changes to the existing arrangement. These include a request to extend Letters of Credit for the 2027 underwriting year of account, an extension of the Availability Period's last day from May 31, 2026 to May 31, 2027, and an increase in the maximum Incremental Commitment from $50,000,000 to $200,000,000. As amended, the agreement provides for a $700 million letter of credit facility.

The filing notes that portions of the attached exhibit have been omitted pursuant to Item 601(b)(10)(iv) of Regulation S-K, with Arch undertaking to provide unredacted copies to the Commission or its staff upon request. The disclosure was signed by François Morin, Executive Vice President, Chief Financial Officer and Treasurer of Arch Capital Group Ltd., on October 30, 2026. The filing also cross-references Item 2.03, covering the creation of a direct financial obligation or off-balance sheet arrangement.

What Was Disclosed

Arch Capital Group Ltd. reported that subsidiary Arch Reinsurance Ltd. amended its letter of credit facility with Lloyds Bank Corporate Markets plc, extending the availability period to May 31, 2027, increasing the maximum Incremental Commitment to $200,000,000, and maintaining a total facility size of $700 million.