RALEIGH, N.C.--(BUSINESS WIRE)--Arch Capital Group Ltd. (Arch), a global provider of insurance, reinsurance and mortgage insurance, is partnering with Women Who Code (WWCode), an international community dedicated to inspiring women to succeed in technology, to fund over 500 scholarships and help improve the online experience of WWCode’s in-person program.
“We strongly believe that Women Who Code’s mission of inspiring women to excel in technology careers is critical for the long term success of the insurance industry,” said Prashant Nema, Chief Information Officer for Arch Capital Services LLC. “Our hope is that through our partnership, we can increase the overall number of women in IT roles at Arch and ensure more balanced representation for women in leadership roles.”
WWCode CEO and Board Chari Alaina Percival added, "The support of companies like Arch is pivotal during these times. Women Who Code believes it is more important than ever to ensure that diverse women are empowered to be technologists and leaders in this industry. Women have been disproportionately impacted over the last year, and by working together can we ensure that the progress we have made in our vital mission is not lost."
About Arch Capital Group Ltd.
Arch Capital Group Ltd., a publicly listed Bermuda exempted company with approximately $15.8 billion in capital at Dec. 31, 2020, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.
About Women Who Code
Women Who Code (WWCode) is an international nonprofit dedicated to inspiring women to excel in technology careers. WWCode is building a world where diverse women are better represented as technologists and leaders. The organization has executed more than 14,000 free events around the world, garnered a membership exceeding 250,000 in 122 countries. Help empower even more women to advance in tech with the training and community they need to succeed by supporting WWCode. Learn more at womenwhocode.com.
Cautionary Note Regarding Forward-looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward−looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward−looking statements, which reflect our current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward−looking statements.
Forward−looking statements can generally be identified by the use of forward−looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or their negative or variations or similar terminology. Forward−looking statements involve our current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and the Company’s ability to maintain and improve its ratings; investment performance; the loss of key personnel; the adequacy of the Company’s loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events, including pandemics such as COVID-19; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; the Company’s ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses the Company has acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to the Company of reinsurance to manage the Company’s gross and net exposures; the failure of others to meet their obligations to the Company; changes in the method for determining the London Inter-bank Offered Rate (“LIBOR”) and the potential replacement of LIBOR and other factors identified in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”).
The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward−looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The Company undertakes no obligation to publicly update or revise any forward−looking statement, whether as a result of new information, future events or otherwise.
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