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<?xml version="1.0" encoding="windows-1252"?> |
<ownershipDocument> |
| <schemaVersion> X0306 </schemaVersion> |
| <documentType> 4 </documentType> |
| <periodOfReport> 2020-01-01 </periodOfReport> |
| <notSubjectToSection16> 0 </notSubjectToSection16> |
| <issuer> |
| | <issuerCik> 0000947484 </issuerCik> |
| | <issuerName> ARCH CAPITAL GROUP LTD. </issuerName> |
| | <issuerTradingSymbol> ACGL </issuerTradingSymbol> |
| | </issuer> |
| <reportingOwner> |
| | <reportingOwnerId> |
| | | <rptOwnerCik> 0001182971 </rptOwnerCik> |
| | | <rptOwnerName> WATJEN THOMAS R </rptOwnerName> |
| | | </reportingOwnerId> |
| | <reportingOwnerAddress> |
| | | <rptOwnerStreet1> C/O ARCH CAPITAL GROUP LTD. </rptOwnerStreet1> |
| | | <rptOwnerStreet2> WATERLOO HOUSE, 100 PITTS BAY ROAD </rptOwnerStreet2> |
| | | <rptOwnerCity> PEMBROKE </rptOwnerCity> |
| | | <rptOwnerState> D0 </rptOwnerState> |
| | | <rptOwnerZipCode> HM 08 </rptOwnerZipCode> |
| | | <rptOwnerStateDescription> BERMUDA </rptOwnerStateDescription> |
| | | </reportingOwnerAddress> |
| | <reportingOwnerRelationship> |
| | | <isDirector> 1 </isDirector> |
| | | <isOfficer> 0 </isOfficer> |
| | | <isTenPercentOwner> 0 </isTenPercentOwner> |
| | | <isOther> 0 </isOther> |
| | | <officerTitle></officerTitle> |
| | | <otherText></otherText> |
| | | </reportingOwnerRelationship> |
| | </reportingOwner> |
| <nonDerivativeTable> |
| | <nonDerivativeTransaction> |
| | | <securityTitle> |
| <value> Common Shares, $.0011 par value per share </value> |
| </securityTitle> |
| | | <transactionDate> |
| <value> 2020-01-01 </value> |
| </transactionDate> |
| | | <transactionCoding> |
| <transactionFormType> 4 </transactionFormType> |
| <transactionCode> A </transactionCode> |
| <equitySwapInvolved> 0 </equitySwapInvolved> |
| </transactionCoding> |
| | | <transactionAmounts> |
| <transactionShares> |
| <value> 738 </value> |
| </transactionShares> |
| <transactionPricePerShare> |
| <footnoteId id="F1"/> |
| </transactionPricePerShare> |
| <transactionAcquiredDisposedCode> |
| <value> A </value> |
| </transactionAcquiredDisposedCode> |
| </transactionAmounts> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 2913 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </nonDerivativeTransaction> |
| | </nonDerivativeTable> |
| <derivativeTable></derivativeTable> |
| <footnotes> |
| | <footnote id="F1"> Subject to the terms of the restricted share agreement, represents restricted shares (pro-rata) that will vest on May 1, 2020. </footnote> |
| | </footnotes> |
| <ownerSignature> |
| | <signatureName> /s/ Marcy Rathman, Attorney in fact </signatureName> |
| | <signatureDate> 2020-01-03 </signatureDate> |
| | </ownerSignature> |
| </ownershipDocument> |