ITEM 1.01 Entry into a Material Definitive Agreement.



On April 7, 2022, Arch Capital Group Ltd. ("ACGL") and certain of its
subsidiaries (such subsidiaries designated as co-borrowers are referred to as
"Designated Subsidiary Borrowers" and, together with ACGL, the "Borrowers"),
entered into a Second Amendment to the Third Amended and Restated Credit
Agreement (the "Amendment") with Bank of America, N.A., as Administrative Agent
and the lenders party thereto. The Amendment amends the existing Third Amended
and Restated Credit Agreement of the Borrower, dated as of December 17, 2019,
and as amended on August 12, 2020 and September 29, 2021 (the "Existing Credit
Agreement", and such Existing Credit Agreement, as amended by the Amendment, the
"Credit Agreement").

The Credit Agreement provides for a $425 million secured facility for letters of
credit (the "Tranche A Facility"), the size of which was increased by $175
million, from $250 million, by the Amendment. The Credit Agreement also provides
for a $500 million unsecured facility for revolving loans and letters of credit
(the "Tranche B Facility" and together with the Tranche A Facility, the "Senior
Credit Facility"). Obligations of each Designated Subsidiary Borrower under the
Tranche A Facility are secured by cash and eligible securities of such
Designated Subsidiary Borrower held in collateral accounts. Subject to the
receipt of commitments, the Senior Credit Facility may be increased up to an
aggregate of $1.25 billion. Arch Capital Group (U.S.) Inc. ("ACUS") guarantees
the obligations of ACGL, ACGL guarantees the obligations of ACUS and Arch U.S.
MI Holdings Inc., and Arch Capital Finance LLC guarantees the obligations of
ACGL and ACUS.

The commitments under the Credit Agreement will expire on December 17, 2024, and
all loans then outstanding under the Credit Agreement must be repaid at that
time. Letters of credit issued under the Credit Agreement will not have an
expiration date later than December 17, 2025.

The Amendment also establishes Term SOFR as the new interest rate benchmark for
amounts that previously bore interest by reference to LIBOR under the Existing
Credit Agreement. The Credit Agreement contains customary representations and
warranties, conditions to credit extensions, affirmative and negative covenants,
and events of default. Each Designated Subsidiary Borrower (other than ACUS and
any borrower whose principal business is mortgage insurance) is required to
maintain a financial strength rating of at least "B++" by A.M. Best Company,
Inc. or "BBB+" from Standard & Poor's Financial Services LLC. In addition, ACGL
is required to comply with a maximum consolidated leverage ratio covenant, and
each of ACGL, Arch Reinsurance Company and Arch Reinsurance Ltd. is required to
comply with a minimum consolidated tangible net worth covenant.

The foregoing is a summary of certain terms of the Amendment and the Credit Agreement, does not purport to be completed and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report and is incorporated herein by reference.

ITEM 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 of this Current Report is incorporated by reference.

ITEM 9.01 Financial Statements and Exhibits.

(d): The following exhibits are being filed herewith.



EXHIBIT NO.                                                  DESCRIPTION
10.1                            Second Amendment to     Third Amended and

Restated Credit Agreement,


                              dated as of     April     7, 20    22    , by

and among Arch Capital Group


                              Ltd., certain of its subsidiaries    , Bank of America, N.A., as
                              Administrative Agent,     and the lenders party there  to.
104                           Cover Page Interactive Data File (embedded within the Inline XBRL
                              document)


                                       2

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