Arch Capital Group
According to its Annual Report filed with the SEC for fiscal year 2019: "Certain of our non-U.S. subsidiaries underwrite insurance and facultative reinsurance on a global basis to non-U.S. insureds and insurers, including for liability, marine, aviation and energy risks. Coverage provided to non-Iranian business may indirectly cover an exposure in Iran. For example, certain of our operations underwrite global marine hull and cargo policies that provide coverage for vessels navigating into and out of ports worldwide, including Iran. For the year ended December 31, 2019, there has been no material amount of premium allocated or apportioned to activities relating to Iran, and we are unable to attribute gross revenues or net profits from any such policies because they insure multiple voyages and fleets containing multiple ships. Such non-U.S. subsidiaries will continue to provide such coverage only to the extent permitted by applicable law."
According to its Annual Report filed with the SEC for fiscal year 2018: "Since May 8, 2018, our non-U.S. subsidiaries operating under General License H have not entered into any new transactions that had previously been permitted under General License H. On June 27, 2018, OFAC revoked General License H and added regulations which authorized all transactions and activities ordinarily incident and necessary to the winding down of activities previously approved under General License H through November 4, 2018. Our non-U.S. subsidiaries operating under General License H completed their wind down activities by November 4, 2018, in accordance with all applicable laws and regulations."