1 May 2020News

Arch pledges $1m to global COVID-19 relief efforts

Arch Capital Group has promised to make $1 million in corporate donations, and will double its employee giving match for charitable contributions, meaning for every dollar given by an employee, Arch will give two more.

Arch’s initial pledge will aid organisations focused on food insecurity and health issues in underserved and high-risk communities, and those providing front-line responders with protective equipment and essential medical items related to the COVID-19 pandemic.

Arch has also pledged to establish an employee assistance fund in response to the COVID-19 pandemic called Arch Cares: COVID-19 Employee Assistance Fund for Financial Hardships. It will provide monetary support to eligible employees with financial hardships caused by the COVID-19 pandemic.

Marc Grandisson, Arch president and chief executive officer, noted the devastating scale and speed of the pandemic. “Striving to make a difference and investing in our communities are part of our corporate values, and we are committed to supporting those affected by this crisis,” he said.

The Bermuda Community Foundation, Vision Bermuda, Bermuda Family Centre — Hardship Program, Age Concern and the Eliza Doolittle Society will receive donations in Bermuda.

Charities have also been selected in Australia, Canana, Cyprus, Denmark, Hong Kong, Ireland, the Philippines, Spain, Switzerland, UK and US.




More on this story

Operations
28 April 2020   Arch Insurance International has made two senior promotions at Arch Syndicate 2012.
News
16 April 2020   Arch Capital Group could make pre-tax losses across its property casualty insurance and reinsurance segments of $85 million to $95 million, due to claims incurred related to the COVID-19 pandemic, as of March 31, 2020.
News
12 June 2020   PartnerRe has made two donations totaling $226,825 to support Bermudians directly or indirectly affected by the coronavirus pandemic.

More on this story

Operations
28 April 2020   Arch Insurance International has made two senior promotions at Arch Syndicate 2012.
News
16 April 2020   Arch Capital Group could make pre-tax losses across its property casualty insurance and reinsurance segments of $85 million to $95 million, due to claims incurred related to the COVID-19 pandemic, as of March 31, 2020.
News
12 June 2020   PartnerRe has made two donations totaling $226,825 to support Bermudians directly or indirectly affected by the coronavirus pandemic.