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.
Arch Capital, COVID-19, Marc Grandisson, The Bermuda Community Foundation, Vision Bermuda, Bermuda Family Centre, Age Concern, Eliza Doolittle Society