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Debt and Financing Arrangements - (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of senior notes

The Company’s senior notes payable at December 31, 2020 and 2019 were as follows:

																		Carrying Amount at
						Interest						Principal						December 31,
						(Fixed)						Amount						2020						2019
2034 notes (1)						7.350		%				300,000						297,367						297,254
2043 notes (2)						5.144		%				500,000						494,944						494,831
2026 notes (3)						4.011		%				500,000						497,211						496,806
2046 notes (4)						5.031		%				450,000						445,402						445,317
2050 notes (5)						3.635		%				1,000,000						988,500						—
Watford notes (6)						6.500		%				140,000						137,689						137,418
												$	2,890,000					$	2,861,113					$	1,871,626

(1) Senior notes of Arch Capital issued on May 4, 2004 and due May 1, 2034 (“2034 notes”).

(2) Senior notes of Arch-U.S., a wholly-owned subsidiary of Arch Capital, issued on December 13, 2013 and due November 1, 2043 (“2043 notes”), fully and unconditionally guaranteed by Arch Capital.

(3) Senior notes of Arch Capital Finance LLC (“Arch Finance”), a wholly-owned finance subsidiary of Arch Capital, issued on December 8, 2016 and due December 15, 2026 (“2026 notes”), fully and unconditionally guaranteed by Arch Capital.

(4) Senior notes of Arch Finance issued on December 8, 2016 and due December 15, 2046 (“2046 notes”), fully and unconditionally guaranteed by Arch Capital

(5) Senior notes of Arch Capital issued on June 30, 2020 and due June 30, 2050.

(6) Senior notes of Watford issued on July 2, 2019 and due July 2, 2029, reflecting the elimination of amounts owned by Arch-U.S.

Schedule of outstanding revolving credit agreement borrowings

The Company’s outstanding revolving credit agreement borrowings were as follows:

						Year Ended December 31,
						2020						2019
Arch Capital						$	—					$	—
Watford						155,687						484,287
Total						$	155,687					$	484,287

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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