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Arch Capital Group Ltd. – ‘10-K’ for 12/31/21 – ‘EX-10.2.3’

On:  Friday, 2/25/22, at 10:08am ET   ·   For:  12/31/21   ·   Accession #:  947484-22-15   ·   File #:  1-16209

Previous ‘10-K’:  ‘10-K’ on 2/26/21 for 12/31/20   ·   Next:  ‘10-K’ on 2/24/23 for 12/31/22   ·   Latest:  ‘10-K’ on 2/23/24 for 12/31/23   ·   43 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/25/22  Arch Capital Group Ltd.           10-K       12/31/21  170:41M

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   5.00M 
 2: EX-4.8      Instrument Defining the Rights of Security Holders  HTML    235K 
 3: EX-10.2.3   Material Contract                                   HTML     44K 
 4: EX-21       Subsidiaries List                                   HTML     75K 
 5: EX-23       Consent of Expert or Counsel                        HTML     43K 
 6: EX-24       Power of Attorney                                   HTML     50K 
 7: EX-31.1     Certification -- §302 - SOA'02                      HTML     48K 
 8: EX-31.2     Certification -- §302 - SOA'02                      HTML     48K 
 9: EX-32.1     Certification -- §906 - SOA'02                      HTML     45K 
10: EX-32.2     Certification -- §906 - SOA'02                      HTML     45K 
16: R1          Document and Entity Information                     HTML    119K 
17: R2          Audit Information                                   HTML     48K 
18: R3          Consolidated Balance Sheets                         HTML    184K 
19: R4          Consolidated Balance Sheets (Parentheticals)        HTML     74K 
20: R5          Consolidated Statements of Income                   HTML    166K 
21: R6          Consolidated Statements of Comprehensive Income     HTML     81K 
22: R7          Consolidated Statements of Changes in               HTML    164K 
                Shareholders' Equity                                             
23: R8          Consolidated Statements of Cash Flows               HTML    168K 
24: R9          General                                             HTML     49K 
25: R10         Acquisitions                                        HTML     48K 
26: R11         Significant Accounting Policies                     HTML    120K 
27: R12         Segment Information                                 HTML    435K 
28: R13         Reserve for Losses and Loss Adjustment Expenses     HTML     93K 
29: R14         Short Duration Contracts                            HTML   1.09M 
30: R15         Allowance for Expected Credit Losses                HTML     96K 
31: R16         Reinsurance                                         HTML    101K 
32: R17         Investment Information                              HTML    372K 
33: R18         Fair Value                                          HTML    274K 
34: R19         Derivative Instruments                              HTML     82K 
35: R20         Variable Interest Entity and Noncontrolling         HTML    183K 
                Interests                                                        
36: R21         Other Comprehensive Income                          HTML    120K 
37: R22         Earnings Per Common Share                           HTML     72K 
38: R23         Income Taxes                                        HTML    161K 
39: R24         Transactions with Related Parties                   HTML     50K 
40: R25         Leases                                              HTML     68K 
41: R26         Commitments and Contingencies                       HTML     58K 
42: R27         Debt and Financing Arrangements                     HTML     79K 
43: R28         Goodwill and Intangible Assets                      HTML    122K 
44: R29         Shareholders' Equity                                HTML     80K 
45: R30         Share-Based Compensation                            HTML    155K 
46: R31         Retirement Plans                                    HTML     49K 
47: R32         Legal Proceedings                                   HTML     45K 
48: R33         Statutory Information                               HTML     92K 
49: R34         Subsequent Event                                    HTML     47K 
50: R35         Schedule II - Condensed Financial Information of    HTML    146K 
                Registrant                                                       
51: R36         Schedule III - Supplementary Insurance Information  HTML    101K 
52: R37         Schedule IV - Reinsurance                           HTML     94K 
53: R38         Schedule VI - Supplementary Information For         HTML     68K 
                Property and Casualty Insurance Underwriters                     
54: R39         Significant Accounting Policies (Policies)          HTML    161K 
55: R40         Segment Information (Tables)                        HTML    417K 
56: R41         Reserve for Losses and Loss Adjustment Expenses     HTML     78K 
                (Tables)                                                         
57: R42         Short Duration Contracts (Tables)                   HTML   1.06M 
58: R43         Allowance for Expected Credit Losses (Tables)       HTML    102K 
59: R44         Reinsurance (Tables)                                HTML    100K 
60: R45         Investment Information (Tables)                     HTML    384K 
61: R46         Fair Value (Tables)                                 HTML    253K 
62: R47         Derivative Instruments (Tables)                     HTML     82K 
63: R48         Variable Interest Entity and Noncontrolling         HTML    186K 
                Interests (Tables)                                               
64: R49         Other Comprehensive Income (Tables)                 HTML    124K 
65: R50         Earnings Per Common Share (Tables)                  HTML     71K 
66: R51         Income Taxes (Tables)                               HTML    174K 
67: R52         Leases (Tables)                                     HTML     68K 
68: R53         Commitments and Contingencies (Tables)              HTML     53K 
69: R54         Debt and Financing Arrangements - (Tables)          HTML     75K 
70: R55         Goodwill and Intangible Assets (Tables)             HTML    126K 
71: R56         Shareholders' Equity (Tables)                       HTML     67K 
72: R57         Share-Based Compensation (Tables)                   HTML    170K 
73: R58         Statutory Information (Tables)                      HTML     74K 
74: R59         General (Details)                                   HTML     52K 
75: R60         Acquisitions (Details)                              HTML     52K 
76: R61         Significant Accounting Policies (Details)           HTML     59K 
77: R62         Segment Information - Analysis of underwriting      HTML    238K 
                income by segment and reconciliation to net income               
                available to common shareholders (Details)                       
78: R63         Segment Information - Summary of net premiums       HTML    125K 
                written and earned by major line of business and                 
                net premiums written by location (Details)                       
79: R64         Reserve for Losses and Loss Adjustment Expenses -   HTML     82K 
                Reconciliation of beginning and ending balances of               
                losses and loss adjustment reserves (Details)                    
80: R65         Reserve for Losses and Loss Adjustment Expenses -   HTML    122K 
                Prior years reserve development (Details)                        
81: R66         Short Duration Contracts - Claims development -     HTML    260K 
                Insurance (Details)                                              
82: R67         Short Duration Contracts - Claims development -     HTML    264K 
                Reinsurance (Details)                                            
83: R68         Short Duration Contracts - Claims development -     HTML    115K 
                Mortgage (Details)                                               
84: R69         Short Duration Contracts - Percentage annual        HTML    113K 
                payout - all segments (Details)                                  
85: R70         Short Duration Contracts - Reconciliation of        HTML    110K 
                claims development to liability (Details)                        
86: R71         Short Duration Contracts (Details)                  HTML     46K 
87: R72         Allowance for Expected Credit Losses - Premiums     HTML     59K 
                receivable (Details)                                             
88: R73         Allowance for Expected Credit Losses - Reinsurance  HTML     56K 
                recoverables (Details)                                           
89: R74         Allowance for Expected Credit Losses - Ceded        HTML     67K 
                credit risk (Details)                                            
90: R75         Allowance for Expected Credit Losses -              HTML     54K 
                Contractholder receivables (Details)                             
91: R76         Reinsurance - Effects of reinsurance (Details)      HTML     76K 
92: R77         Reinsurance - Coverage and retention (Details)      HTML    108K 
93: R78         Investment Information - Summary of available for   HTML    105K 
                sale securities (Details)                                        
94: R79         Investment Information - Aging of available for     HTML    103K 
                sale securities in an unrealized loss position                   
                (Details)                                                        
95: R80         Investment Information - Maturity profile of        HTML     99K 
                available for sale securities (Details)                          
96: R81         Investment Information - Securities lending         HTML     89K 
                arrangements (Details)                                           
97: R82         Investment Information - Net investment Income      HTML     62K 
                (Details)                                                        
98: R83         Investment Information - Net realized gains and     HTML     86K 
                losses (Details)                                                 
99: R84         Investment Information - Other investments and      HTML     60K 
                other investable assets (Details)                                
100: R85         Investment Information - Other investments by       HTML     65K  
                strategy (Details)                                               
101: R86         Investment Information - Equity method investments  HTML    117K  
                and investments in affiliates (Details)                          
102: R87         Investment Information - Limited partnership        HTML     54K  
                interests (Details)                                              
103: R88         Investment Information - Operating affiliates       HTML     79K  
                (Details)                                                        
104: R89         Investment Information - Allowance for expected     HTML     80K  
                credit losses (Details)                                          
105: R90         Investment Information - Restricted assets          HTML     57K  
                (Details)                                                        
106: R91         Investment Information - Cash and restricted cash   HTML     53K  
                (Details)                                                        
107: R92         Investment Information - Narrative (Details)        HTML     61K  
108: R93         Fair Value - Fair Value Hierarchy (Details)         HTML    238K  
109: R94         Fair Value - Rollforward of Level 3 assets and      HTML    130K  
                liabilities (Details)                                            
110: R95         Fair Value - Narrative (Details)                    HTML     57K  
111: R96         Derivative Instruments (Details)                    HTML     94K  
112: R97         Variable Interest Entity and Noncontrolling         HTML     62K  
                Interests - Variable interest entity (Details)                   
113: R98         Variable Interest Entity and Noncontrolling         HTML    128K  
                Interests - Carrying amount of assets and                        
                liabilities of variable interest entity (Details)                
114: R99         Variable Interest Entity and Noncontrolling         HTML     55K  
                Interests - Cash flows of variable interest entity               
                (Details)                                                        
115: R100        Variable Interest Entity and Noncontrolling         HTML     74K  
                Interests - Non-redeemable noncontrolling interest               
                (Details)                                                        
116: R101        Variable Interest Entity and Noncontrolling         HTML     88K  
                Interests - Redeemable noncontrolling interest                   
                (Details)                                                        
117: R102        Variable Interest Entity and Noncontrolling         HTML     52K  
                Interests - Income or loss attributable to third                 
                party investors (Details)                                        
118: R103        Variable Interest Entity and Noncontrolling         HTML    159K  
                Interests - Other variable interest entity                       
                disclosures (Details)                                            
119: R104        Other Comprehensive Income - Components of          HTML     65K  
                accumulated other comprehensive income (Details)                 
120: R105        Other Comprehensive Income - Amounts reclassified   HTML     80K  
                from accumulated other comprehensive income                      
                (Details)                                                        
121: R106        Other Comprehensive Income - Tax effects on         HTML     89K  
                components of other comprehensive income (Details)               
122: R107        Earnings Per Common Share (Details)                 HTML    118K  
123: R108        Income Taxes - Components of income tax (Details)   HTML     64K  
124: R109        Income Taxes - Income before taxes by jurisdiction  HTML     55K  
                (Details)                                                        
125: R110        Income Taxes - Statutory tax rate by jurisdiction   HTML     63K  
                (Details)                                                        
126: R111        Income Taxes - Reconciliation of effective tax      HTML     81K  
                rate (Details)                                                   
127: R112        Income Taxes - Components of deferred tax assets    HTML    107K  
                and liabilities (Details)                                        
128: R113        Income Taxes - Operating loss carryfowards and tax  HTML     64K  
                credits (Details)                                                
129: R114        Income Taxes - Unrecognized tax benefits (Details)  HTML     55K  
130: R115        Income Taxes - Summary of open tax years by major   HTML     66K  
                jurisdiction (Details)                                           
131: R116        Income Taxes - Narrative (Details)                  HTML     51K  
132: R117        Transactions with Related Parties (Details)         HTML     92K  
133: R118        Leases - Additional information regarding leases    HTML     73K  
                (Details)                                                        
134: R119        Leases - Contractual maturities (Details)           HTML     62K  
135: R120        Commitments and Contingencies - Concentrations of   HTML     59K  
                credit risk (Details)                                            
136: R121        Commitments and Contingencies - Other commitments   HTML     48K  
                (Details)                                                        
137: R122        Debt and Financing Arrangements - Schedule of       HTML     81K  
                senior notes outstanding (Details)                               
138: R123        Debt and Financing Arrangements - Letter of Credit  HTML     79K  
                and Revolving Credit Facilities (Details)                        
139: R124        Goodwill and Intangible Assets - Analysis of        HTML    109K  
                goodwill and intangible assets (Details)                         
140: R125        Goodwill and Intangible Assets - Summary of         HTML     83K  
                intangible assets by major class (Details)                       
141: R126        Goodwill and Intangible Assets - Future             HTML     59K  
                amortization expense (Details)                                   
142: R127        Goodwill and Intangible Assets - Narrative          HTML     48K  
                (Details)                                                        
143: R128        Shareholders' Equity - Roll-forward of changes in   HTML     68K  
                issued and outstanding common shares (Details)                   
144: R129        Shareholders' Equity - Share repurchase program     HTML     64K  
                (Details)                                                        
145: R130        Shareholders' Equity - Preferred shares (Details)   HTML     83K  
146: R131        Share-Based Compensation - Long Term Incentive      HTML     61K  
                Plan (Details)                                                   
147: R132        Share-Based Compensation - Valuation assumptions    HTML     53K  
                (Details)                                                        
148: R133        Share-Based Compensation - Stock option activity    HTML     81K  
                (Details)                                                        
149: R134        Share-Based Compensation - Options additional       HTML     58K  
                information (Details)                                            
150: R135        Share-Based Compensation - Restricted common        HTML     74K  
                shares and restricted stock units activity                       
                (Details)                                                        
151: R136        Share-Based Compensation - Restricted stock         HTML     58K  
                additional information (Details)                                 
152: R137        Share-Based Compensation - Performance shares and   HTML     75K  
                performance units activity (Details)                             
153: R138        Share-Based Compensation - Performance shares and   HTML     65K  
                units additional information (Details)                           
154: R139        Share-Based Compensation - Share-based              HTML     59K  
                compensation expense (Details)                                   
155: R140        Share-Based Compensation - Unrecognized             HTML     55K  
                compensation cost and period for recognition                     
                (Details)                                                        
156: R141        Retirement Plans (Details)                          HTML     45K  
157: R142        Statutory Information - Summary of statutory        HTML     69K  
                capital, surplus and net income (Details)                        
158: R143        Statutory Information - Narrative (Details)         HTML     73K  
159: R144        Subsequent Event - (Details)                        HTML     70K  
160: R145        Schedule II - Condensed Financial Information of    HTML    138K  
                Registrant - Balance Sheet (Details)                             
161: R146        Schedule II - Condensed Financial Information of    HTML    104K  
                Registrant - Statement of Income (Details)                       
162: R147        Schedule II - Condensed Financial Information of    HTML     91K  
                Registrant - Statement of Cash Flows (Details)                   
163: R148        Schedule III - Supplementary Insurance Information  HTML     87K  
                (Details)                                                        
164: R149        Schedule IV - Reinsurance (Details)                 HTML     73K  
165: R150        Schedule VI - Supplementary Information For         HTML     73K  
                Property and Casualty Insurance Underwriters                     
                (Details)                                                        
168: XML         IDEA XML File -- Filing Summary                      XML    322K  
166: XML         XBRL Instance -- acgl-20211231_htm                   XML  15.26M  
167: EXCEL       IDEA Workbook of Financial Reports                  XLSX    329K  
12: EX-101.CAL  XBRL Calculations -- acgl-20211231_cal               XML    462K 
13: EX-101.DEF  XBRL Definitions -- acgl-20211231_def                XML   2.35M 
14: EX-101.LAB  XBRL Labels -- acgl-20211231_lab                     XML   3.95M 
15: EX-101.PRE  XBRL Presentations -- acgl-20211231_pre              XML   2.94M 
11: EX-101.SCH  XBRL Schema -- acgl-20211231                         XSD    416K 
169: JSON        XBRL Instance as JSON Data -- MetaLinks              874±  1.37M  
170: ZIP         XBRL Zipped Folder -- 0000947484-22-000015-xbrl      Zip   1.35M  


‘EX-10.2.3’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



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  Document  

Exhibit 10.2.3

SECOND AMENDMENT TO
THIRD AMENDED AND RESTATED
ARCH CAPITAL GROUP LTD. INCENTIVE COMPENSATION PLAN


The Third Amended and Restated Arch Capital Group Ltd. Incentive Compensation Plan is amended, effective as of February 24, 2021, by adding the following paragraph as a new second paragraph in Section 5.3 (with the existing second paragraph thereof becoming the third paragraph of Section 5.3):

“Notwithstanding the foregoing, unless otherwise determined by the Committee, in the event an Eligible Employee who has been selected to participate in the Plan for a Plan Year dies during the Plan Year, a pro-rata portion (based on the number of days during the Plan Year elapsed through the date of death) of the Eligible Employee’s Target Bonus Opportunity for the Plan Year will be paid in a single lump sum in cash to the Eligible Employee’s Beneficiary on the date determined by the Company (which date shall not be later than March 15 of the following Plan Year). Such Eligible Employee (and his or her Beneficiaries) shall not be entitled to any additional amounts in respect of such Plan Year. For purposes of this Plan, “Beneficiary” means the person, persons, trust or trusts which have been designated by an Eligible Employee in his or her most recent written beneficiary designation filed with the Company to receive the benefits specified under this Plan upon the death of the Eligible Employee, or, if there is no designated Beneficiary or surviving designated Beneficiary, then the person, persons, trust or trusts entitled by will or the laws of descent and distribution to receive such benefits.”



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/25/2213F-HR,  4,  8-K
For Period end:12/31/2113F-HR,  5
2/24/21
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/23/24  Arch Capital Group Ltd.           10-K       12/31/23  166:34M
 2/24/23  Arch Capital Group Ltd.           10-K       12/31/22  164:39M


41 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/04/21  Arch Capital Group Ltd.           10-Q        9/30/21   95:23M
 8/05/21  Arch Capital Group Ltd.           10-Q        6/30/21   91:21M
 6/11/21  Arch Capital Group Ltd.           8-K:5,8,9   6/11/21   17:927K
 6/30/20  Arch Capital Group Ltd.           8-K:1,2,8,9 6/30/20   15:534K
 2/28/20  Arch Capital Group Ltd.           10-K       12/31/19  169:54M
12/18/19  Arch Capital Group Ltd.           8-K:1,2,9  12/17/19   13:1.5M
 2/28/19  Arch Capital Group Ltd.           10-K       12/31/18  162:50M
 8/08/18  Arch Capital Group Ltd.           10-Q        6/30/18   97:26M
 7/26/18  Arch Capital Group Ltd.           8-K/A:5,9   7/24/18    2:152K
 5/15/18  Arch Capital Group Ltd.           8-K:1,5,8,9 5/09/18    4:239K
 5/09/18  Arch Capital Group Ltd.           10-Q        3/31/18   96:20M
 4/11/18  Arch Capital Group Ltd.           8-K/A:5,9   4/09/18    2:154K
 3/28/18  Arch Capital Group Ltd.           DEF 14A     3/28/18    1:7.4M
 2/28/18  Arch Capital Group Ltd.           10-K       12/31/17  164:51M
11/03/17  Arch Capital Group Ltd.           10-Q        9/30/17  120:27M
 8/17/17  Arch Capital Group Ltd.           8-K:5,8,9   8/17/17    8:568K
 8/04/17  Arch Capital Group Ltd.           10-Q        6/30/17   95:26M
 5/05/17  Arch Capital Group Ltd.           10-Q        3/31/17   86:20M
12/09/16  Arch Capital Group Ltd.           8-K:1,2,8,912/08/16    5:754K
 8/05/16  Arch Capital Group Ltd.           10-Q        6/30/16   89:24M
 3/23/16  Arch Capital Group Ltd.           DEF 14A     5/06/16    1:2.1M
 8/07/15  Arch Capital Group Ltd.           10-Q        6/30/15   85:24M
 5/08/15  Arch Capital Group Ltd.           10-Q        3/31/15   82:25M
 3/26/15  Arch Capital Group Ltd.           DEF 14A     5/07/15    1:3M
 8/08/14  Arch Capital Group Ltd.           10-Q        6/30/14   88:32M
12/13/13  Arch Capital Group Ltd.           8-K:1,2,8,912/10/13    8:1.5M                                   Toppan Merrill/FA
11/08/13  Arch Capital Group Ltd.           10-Q        9/30/13   69:18M
 8/09/13  Arch Capital Group Ltd.           10-Q        6/30/13  127:25M
11/09/12  Arch Capital Group Ltd.           10-Q        9/30/12   66:13M                                    Toppan Merrill/FA
 3/27/12  Arch Capital Group Ltd.           DEF 14A     5/09/12    1:1.1M                                   Toppan Merrill-FA
11/08/11  Arch Capital Group Ltd.           10-Q        9/30/11   70:13M                                    Toppan Merrill/FA
 2/28/11  Arch Capital Group Ltd.           10-K       12/31/10   53:11M                                    Toppan Merrill-FA
11/08/10  Arch Capital Group Ltd.           10-Q        9/30/10   39:8.4M                                   Toppan Merrill/FA
 2/26/10  Arch Capital Group Ltd.           10-K       12/31/09   14:3.3M                                   Toppan Merrill-FA
 3/02/09  Arch Capital Group Ltd.           10-K       12/31/08   22:4.9M                                   Toppan Merrill-FA
11/10/08  Arch Capital Group Ltd.           10-Q        9/30/08    9:2.7M                                   Toppan Merrill/FA
10/28/08  Arch Capital Group Ltd.           8-K:5,7,9  10/22/08    4:352K                                   Toppan Merrill/FA
 4/03/07  Arch Capital Group Ltd.           DEF 14A     5/11/07    1:1.3M                                   Toppan Merrill/FA
 5/07/04  Arch Capital Group Ltd.           8-K:5,7,10  5/04/04    5:792K                                   Toppan Merrill-FA
 4/02/01  Arch Capital Group Ltd.           10-K405    12/31/00   11:403K                                   Toppan Merrill-FA2/FA
 9/08/00  Arch Capital Group Ltd.           S-4                    4:357K                                   Cahill Gordon & Rei… LLP
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Filing Submission 0000947484-22-000015   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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