Arch Capital Group is a publicly traded reinsurance and insurance company based in Bermuda. In November 2001, HFCP IV invested $225 million in Arch Capital, co-leading a larger $763 million financing that raised Arch Capital's total invested capital to over $1 billion. The proceeds of this financing were used to launch a major underwriting initiative to meet current and future demand in the global insurance marketplace. H&F was attracted to this investment because of the unique combination of the attractive market opportunity, the world-class underwriting team and our ability to create a clean insurance platform based in Bermuda. Hellman & Friedman had previously partnered with Bob Clements to found Mid Ocean Reinsurance in 1992 following Hurricane Andrew. HFCP IV sold its investment in Arch Capital in March 2007.