EX-10.2

Exhibit 10.2

EMPLOYMENTAGREEMENT

EMPLOYMENTAGREEMENT("Agreement"),datedasofNovember1,2017,between ArchReinsurance Ltd.,aBermuda corporation (the"Company”),andJeromeHalgan(the "Executive").

Theparties heretoagreeasfollows:

ARTICLE1 DEFINITIONS

SECTION 1.01.Definitions. ForpurposesofthisAgreement, thefollowingtermshavethe meanings set forth below:

"AccountingFirm"hasthemeaningsetforthinSection12.10.

"Affiliate" means anyPerson, directly orindirectly, through one or more intermediaries, Controlling,Controlledby,orundercommonControlwiththeCompany.Forpurposeshereof, (a) "Control"meanstheownership, directlyorindirectly,of(i)inthecaseofacorporation, VotingSecurities(asdefinedbelow) representing50%ormoreofthetotalvotingpoweror valueofallthethenoutstandingVotingSecuritiesofsuchcorporation or(ii)inthecaseofa partnership,limitedliabilitycompany,associationorotherbusinessentity("BusinessEntity"), 50%ormoreofthepartnershiporothersimilarownershipinterestofsuchBusinessEntity;and (b)"VotingSecurity" meansanysecurityofacorporationwhichcarriestherightto vote generally intheelectionofdirectors.Forpurposes ofthedefinitionof"Control," (x)aPerson willbedeemedtohavea50%ormoreownershipinterestinaBusinessEntityifsuchPersonis allocated50%ormoreofBusinessEntitygainsorlossesorcontrolsthemanagingdirectoror memberor generalpartner ofsuchBusinessEntity;and(y) "Controlling"and"Controlled" have meanings correlative thereto.

"BaseSalary" hasthemeaningsetforthinSection4.01.

"Bonus Amount"meansthegreater of(i)theExecutive's target annualbonusforthe yearduringwhichNoticeofTerminationisgiven,or(ii)theaverageoftheExecutive'sactual annualbonusforthethreeyearsimmediately precedingtheyearduringwhichNoticeof Termination isgiven(or suchlesser number ofyearsinwhichtheExecutive wasemployed by the Company or its Affiliate).

"Cause"means(a) theftorembezzlementbytheExecutive withrespectto theCompany or its Affiliates; (b) malfeasance or gross negligence in the performance of the Executive's

duties;(c)theExecutive'sconvictionofanyfelonyoranycrimeinvolvingmoralturpitude;(d) willfulorprolongedabsence fromworkbytheExecutive(other thanbyreasonofdisability due tophysicalormentalillness)orfailure,neglectorrefusalbytheExecutivetoperformhisduties andresponsibilitieswithout thesamebeingcorrected withinten(10) daysafterbeinggiven writtennoticethereof;(e)continuedandhabitualuseofalcoholbytheExecutive toanextent whichmateriallyimpairstheExecutive'sperformanceofhisduties;(f)theExecutive'suseof illegaldrugs;or(g)thematerialbreachbytheExecutiveofanyofthecovenants containedin this Agreement.

"Code"meanstheU.S.InternalRevenueCodeof1986,asamended.

"Confidential Information"means information thatisnotgenerally known tothepublic andthatwasorisused,developedorobtainedbytheCompany oritsAffiliatesinconnection withtheirbusiness.Itshallnotincludeinformation(a)requiredtobedisclosedbycourtor administrativeorderorcalledforinasubpoena ordiscoveryrequestregularonitsface,(b) lawfullyobtainable fromothersourcesorwhichisinthepublicdomainthrough nofaultofthe Executive;or(c)thedisclosureofwhichisconsentedtoinwritingbytheCompany.

"DateofTermination"hasthemeaningsetforthinSection5.01.

"EmploymentPeriod"hasthemeaningsetforthinSection2.01.

"GoodReason"means,withouttheExecutive'swrittenconsentandsubjecttothe timelynoticerequirement andtheCompany's opportunityto curesetforthInSection 5.05 below,(a)thematerialdiminutionofanymaterialdutiesorresponsibilitiesoftheExecutive;(b) amaterialreduction intheExecutive'sBaseSalary;or(c)anymaterialbreachbytheCompany of theprovisions contained in thisAgreement.

"IntellectualProperty"hasthemeaningsetforthinSection7.01.

"NoticeofTermination"hasthemeaningsetforthinSection5.05. "NoncompetitionPeriod"has themeaning set forthinSection 9.01. "NonsolicitationPeriod"hasthemeaningsetforthinSection 9.02.

"Person" means anindividual, apartnership,acorporation, a limitedliability company, anassociation,ajointstockcompany,anestate,atrust,ajointventure,anunincorporated organizationoragovernmental entityoranydepartment,agencyorpoliticalsubdivision thereof.

"PermanentDisability''meansthosecircumstanceswherethe ExecutiveIsunableto

continue toperform theusualcustomarydutiesofhisassigned jobor asotherwiseassigned in accordancewiththeprovisionsofthisAgreement foraperiodofsix(6)monthsinanytwelve

(12)monthperiodbecauseofphysical,mentaloremotionalincapacityresultingfrominjury, sicknessordisease.AnyquestionsastotheexistenceofaPermanentDisabilityshallbe determinedbyaqualified,independentphysicianselectedbytheCompanyandapprovedby theExecutive(whichapprovalshallnotbeunreasonablywithheld).Thedeterminationofany suchphysician shallbefinalandconclusive forallpurposes ofthisAgreement.

"ReimbursableExpenses"hasthemeaning setforthinSection4.04.

"Start Date"hasthemeaningsetforthinSection2.01.

ARTICLE 2 EMPLOYMENT

SECTION2.01.Employment.TheCompanyshallemploytheExecutive,andtheExecutive shallacceptemploymentwiththeCompany, fortheperiodbeginningonJanuary1,2018(the "StartDate")andendingontheDateofTermination asprovidedinSection5.01(the "EmploymentPeriod").IftheExecutivefailstosatisfytheconditionsetforthinthepreceding sentence, heshall forfeit all rights hereunder.

ARTICLE 3 POSITION AND DUTIES

SECTION3.01.PositionandDuties.DuringtheEmploymentPeriod,theExecutiveshall serveasChiefExecutiveOfficeroftheCompanyandshallhavesuchresponsibilities,powers anddutiesasmayfromtimetotimebeprescribedbytheBoardofDirectorsoftheCompany; providedthatsuchresponsibilities,powersanddutiesaresubstantiallyconsistent withthose customarily assigned toindividuals servinginsuchpositionsatcomparablecompanies oras maybereasonably requiredbytheconductofthebusinessoftheCompany.Duringthe EmploymentPeriodtheExecutiveshalldevotesubstantiallyallofhisworkingtimeandefforts tothebusinessandaffairsoftheCompany.TheExecutiveshallnotdirectlyorindirectlyrender anyservicesofabusiness,commercialorprofessionalnaturetoanyotherpersonorfor-profit organization notrelatedto thebusiness oftheCompanyoritsAffiliates, whether for compensation or otherwise, without prior writtenconsent oftheCompany.

SECTION3.02.WorkLocation.WhileemployedbytheCompanyhereunder,theExecutive shallperformhisduties(whennottravelingorengagedelsewhereintheperformanceofhis duties)attheofficesoftheCompanyinBermuda.TheExecutiveshalltraveltosuchplacesonthe businessoftheCompanyinsuchmannerandonsuchoccasionsas theCompanymay fromtime to time reasonably require.

ARTICLE 4

BASESALARYANDBENEFITS

SECTION4.01.BaseSalary.DuringtheEmploymentPeriod,theExecutive'sbasesalary willbe$525,000perannum(the"BaseSalary").TheBaseSalarywillbepayablemonthlyonthe 15thdayofeachmonth,twoweeksinarrearsandtwoweeksinadvance.Annuallyduringthe EmploymentPeriodtheCompanyshallreviewwiththeExecutivehisjobperformanceand compensation,andif deemedappropriatebytheBoardofDirectorsoftheCompany,inits discretion,theExecutive'sBaseSalarymaybeIncreased.Normalhoursofemploymentare 8:30a.m.to5:00p.m.,Monday toFriday.TheExecutive's salaryhasbeencomputedtoreflect thathisregular duties arelikely, from timeto time,torequire morethanthenormalhoursper weekandtheExecutive shallnotbeentitledtoreceiveanyadditionalremunerationforwork outside normal hours.

SECTION4.02.Bonuses.Inadditiontothe BaseSalary,theExecutiveshallbeeligible to participate in anannualbonusplanontermssetforthfromtimeto timebytheBoardof DirectorsoftheCompany.TheExecutive'stargetannualbonuswillbe100%ofhisBaseSalary.

SECTION4.03.Benefits.InadditiontotheBaseSalary,andany bonusespayabletothe ExecutivepursuanttothisAgreement,theExecutive shallbeentitledtothefollowingbenefits during the EmploymentPeriod:

(a)suchmajormedical,lifeinsurance anddisability insurance coverageasis,or mayduringtheEmploymentPeriod,beprovidedgenerallyforothersenior executive officersoftheCompany assetforthfromtime to time inthe applicable plan documents;

(b) inaddition totheusualpublicholidays andeight(8)paiddaysoffforsick leave,amaximumoffive(5)weeksofpaidvacationannuallyduringtheterm oftheEmploymentPeriod(Section11oftheBermudaEmploymentAct2000 shallotherwisenotapplyto theExecutive'semployment hereunder);

(c)benefitsunderanyplanorarrangement availablegenerally forthesenior executiveofficersoftheCompany,subjecttoandconsistentwiththeterms andconditions andoveralladministrationofsuchplansassetforthfrom time to time intheapplicable plan documents;

SECTION4.04.Expenses.TheCompanyshallreimbursetheExecutiveforallreasonable expensesincurredbyhiminthecourseofperforminghisdutiesunderthisAgreementwhich areconsistent withtheCompany's policiesineffectfromtimeto time withrespect to travel, entertainmentandotherbusinessexpenses("ReimbursableExpenses"), subject tothe Company'srequirementswithrespecttoreportinganddocumentationofexpenses.

SECTION4.05.Share-BasedAwards.TheExecutiveshallbeeligibletoparticipateinthe

Company's LongTermIncentive andShare Award Plans (andany similar planadopted by the Company) under which share-based awards may begranted, as determined by the Board of DirectorsoftheCompanyinitsdiscretion.

ARTICLE5

TERMANDTERMINATION

SECTION5.01.Term.TheexpectedtermofthisAgreementisforatleastthreeyears fromtheStartDate.Notwithstandingtheforegoing,theEmploymentPeriodshallinallevents endontheDateofTermination,wheneveroccurring.ForpurposesofthisAgreement,the "DateofTermination"shallmeanthefirsttooccurofthefollowing:(a)thesix(6)month anniversaryoftheCompanyproviding NoticeofTermination(as defined below)withoutCause totheExecutive;(b)immediatelyupontheCompanyproviding NoticeofTerminationfor Cause totheExecutive;(c)thesix(6)monthanniversaryoftheExecutiveprovidingNoticeof TerminationspecifyinghisresignationforGoodReasontotheCompany;(d)thesix(6)month anniversaryoftheExecutiveprovidingNoticeofTerminationbytheExecutivewithout Good ReasontotheCompany;(e)thefifth(5th)dayfollowingtheCompanyprovidingNoticeof TerminationtotheExecutiveasaresultoftheExecutive's PermanentDisability;and(f)the dateofExecutive'sdeath.Intheeventthattherearecircumstanceswhichwouldgiverisetoa terminationbytheCompanyforCause,theCompanymay,initssoleandexclusivediscretion, treatsuchterminationasaterminationwithoutCause.Upontermination oftheExecutive's employmentwith the Company for any reason, the Executive shall resign from allpositions and inallcapacitieswiththeCompanyanditsAffiliates orfromanyother companyor otherPerson withwhichtheExecutiveisservingattheCompany'srequest.

SECTION5.02ResignationbytheExecutiveWithoutGoodReason.IftheEmployment PeriodshallbeterminatedasaresultoftheExecutive'sresignationor leavingofhis employment,otherthanforGoodReason,theExecutiveshallcontinueto:(a)receiveBase SalaryandbenefitssetforthinSection4.03throughtheDateofTermination,exceptthatany amountpayable aftertheExecutive's"separationfromservice" (within themeaningofTreas. Reg.Section1.409A-l(h))withtheCompanywillbesubjecttoSection12.09below;and(b)the Companywillmakeacash lump sum payment totheExecutiveequal toonehalf ofthesumof(I)theBonus Amount, and(II)apro-ratedportion oftheBonus Amountbased onthenumber of dayselapsedInthecalendaryear through thedateNotice ofTerminationisgiven, which paymentshall be made onthe datethatissixty (60)daysfollowingtheDate ofTermination, and(c) receive reimbursementof allReimbursable Expenses incurred bythe Executive prior to theDateofTermination.TheExecutive'sentitlements underallotherbenefitplansand programsoftheCompanyshallbeasdeterminedthereunder.

SECTION5.03TerminationforGoodReasonorWithoutCause.IftheEmployment Period shallbe terminated by theExecutive forGood Reason or by the Company without Cause, theExecutive shall continue to:(a) receive Base Salary through the six (6) month anniversary of

the DateofTermination,such amounttobe paidinaccordancewith the regularpayroll practices of the Company (except that any amount otherwise payable after the Date of Terminationand priortothesixtieth(60th)dayfollowingthe Dateof Terminationshall instead be paid on such sixtieth (60th)day), and except that any amount payable after the Executive's "separation from service" (within the meaning of Treas. Reg.Section 1.409A-1(h))with the Companywillbe subject toSection12.09 below; (b) receive an amountequal tothesum of(i) the Executive'starget annual bonus plus(ii) a pro-rated portion of the Executive's target annual bonus based on the number of days elapsed in the calendar year through the date Notice of Termination isgiven, one halfof which amount shallbepaidin cash ina single lump sumonthe date that is sixty (60)days following the Dateof Terminationand the remaininghalf ofwhich shall be paidin accordance with the regular payroll practices of theCompany (except that any amount otherwisepayable after the Date of Termination and prior to the sixtieth (60th)day following the Date of Termination shall instead be paid on such sixtieth (60th)day); (c) receive benefitssetforth in Section4.03 above throughthe Dateof Termination,exceptthat any amount payable after the Executive's "separation from service" (within the meaning of Treas. Reg. Section 1.409A-l(h))with theCompany willbe subject toSection 12.09 below, and (d) receive hismajor medicalinsurance coverage benefits fromtheCompany's planin effect from time totime (provided the Executive continues topay the portion of the premiums forsuch coverage that are charged tosimilarlysituated active employees)fora period equal tothe lesserof (i) six (6) months after the DateofTermination,and (ii) until the Executiveis provided by another employerwith benefits substantially comparable tothebenefits provided by such plan;and(e) receive reimbursementfor allReimbursableExpenses incurred bythe Executive priortotheDateof Termination.TheExecutive'sentitlementsunderall otherbenefitplans and programs of the Company shall be as determined thereunder.Notwithstandingthe foregoing, the Executive shall beentitled to the amounts described above (other thanBaseSalary and benefits as set forth inSection 4.03 through the Date of Termination)only if (i) the Executivehas enteredInto an irrevocable(except tothe extent requiredby law, andtothe extent required by law to berevocable, hasnotrevoked) general release ofclaims, which, subject to Section 5.07 below,isreasonably satisfactory to theCompany ("Release"),onor beforethe datethat is fifty (SO)daysfollowingthe Dateof Termination(butnotprior tothe DateofTermination), and(ii)the Executivehas not breached and does notbreach the provisions of Sections 6.01, 7.01, 8.01, 9.01, 9.02 or 11.01of this Agreement.

SECTION5.04TerminationforOtherReasons.IftheEmploymentPeriodshallbe terminatedbytheCompany withCause,asaresultoftheExecutive's Permanent Disability or upontheExecutive'sdeath,theExecutive(orhisbeneficiariesorestate,inthecaseofdeath) shallcontinueto (a)receiveBaseSalaryandbenefitssetforthinSection4.03abovethrough theDateofTermination,exceptthatanyamountpayableaftertheExecutive's"separation from service" (within themeaning ofTreas. Reg. Section 1.409A-l(h))withtheCompany will be subjecttoSection12.09below;and(b)inthecaseofterminationduetotheExecutive's PermanentDisability ordeath,receive hismajormedicalinsurancecoveragebenefitsfromthe Company'splanineffectatthetimeofsuchtermination foraperiodequalto thelesser of(i) twelve(12)monthsaftertheDateofTermination, and(ii)untiltheExecutiveIsprovidedby anotheremployerwithbenefits substantiallycomparabletothebenefits provided by such plan;

and(d) receive reimbursementfor allReimbursable Expenses incurred by theExecutive prior to theDateofTermination.TheExecutive'sentitlementsunderallotherbenefitplansand programsoftheCompany shallbeasdeterminedthereunder.

SECTION 5.05.NoticeofTermination andOpportunity toCure.Anytermination bythe CompanyforPermanentDisabilityorCauseorwithoutCauseorbytheExecutiveforGoodReason or withoutGoodReasonshallbecommunicatedby writtenNotice ofTerminationtotheother partyhereto.Forpurposes of this Agreement, a"Notice ofTermination" shallmean anotice whichshallindicatethedatetheterminationistotakeeffect(consistentwiththetermsofthis Agreement), the specific termination provision In this Agreementrelied upon and, for atermination forPermanent Disability orforCause orforaresignation forGood Reason, shall set forthinreasonable detail the factsandcircumstances claimed toprovide abasis fortermination of employment under theprovision indicated.Itshall be a condition precedent to the Executive's right to terminate employment for Good Reason that(i) theExecutive shall first have given the Companywritten notice that anevent or condition constituting Good Reason has occurred within ninety (90) days after such occurrence, andany failure togivesuchwrittennotice within such period willresult ina waiver bytheExecutive ofhisright to terminate forGood Reason asaresult ofsucheventorcondition,and(ii)aperiodofthirty(30)daysfromandafterthegivingofsuch written notice shall have elapsed without theCompany havingeffectively curedorremedied such occurrenceduringsuch30-dayperiod,unlesssuchoccurrencecannotbecuredorremedied within thirty (30) days, inwhich case theperiodfor remedy or cure shall beextended for areasonable time (nottoexceed anadditional fifteen(15) days) provided that theCompany has made and continues tomakeadiligent efforttoeffectsuchremedyorcure.

SECTION 5.06. Garden Leave.FollowinganyNoticeofTermination, whetherbythe Company or theExecutive and untiltheendof theEmploymentPeriod, theCompany maydirect, initssoleandexclusive discretion, thattheExecutiveperform nodutiesandexercise nopowers or authoritiesinconnectionwithhisemployment,resignfromanyofficewiththeCompanyandits Affiliates andnot attendanypremises ofanyoftheCompany anditsAffiliates; provided. however,that,followinganysuchdirection,theExecutivewillcontinuetoberequiredtocomplywithhis other obllgatlons under this Agreement and willcontinue tohave aduty ofloyalty totheCompany as anemployee ("Garden Leave"). Notwithstandingtheabove, the Company may atitsdiscretion require theExecutive toperformduties atanytimeduringtheGardenLeave, whichduties may be withdrawn atany time at the Company's discretion, and,duringtheGardenLeave, theExecutive shall: (a) remain anemployee oftheCompany and bebound by the terms of this Agreement; (b) not,withouttheprior writtenconsentoftheCompany, attendhisplace ofworkoranyother premises ofanyoftheCompany anditsAffiliates oraccesstheinformation technology systems of theCompanyanditsAffiliates; (c) not,withouttheprior writtenconsentof theCompany, contact ordealwith(orattempt tocontact ordeal with)anyofficer,employee,consultant,client, customer, investor, supplier, agent, distributor, shareholder, adviser or other business contact of any oftheCompany anditsAffiliates; (d) promptly disclose inwritingto theCompany anyattempt atcontactwiththe Executive made byanysuchperson orentity with whomtheExecutive has beenrequired tohave nocontact pursuant tothisSection 5.06;and(e) beready andavailable to perform suchduties as theCompany may require, ensuring thattheCompany knows where and

howhecanbecontactedandcomplyingwithanywrittenrequeststocontactaspecified employeeoftheCompanyatspecifiedIntervals.

SECTION5.07Release.Inconsideration ofthemutualpromiseshereinandthe payments detailed inthis Article 5,theExecutive,onbehalf ofhimselfandhisheirsandassigns, inaformreasonablysatisfactory totheCompany,shall,withrespecttoanyterminationof employment underSection5.03,execute aRelease whichirrevocably andunconditionally releasesandforeverdischarges, individuallyandcollectively,theCompanyanditsAffiliates, andeachoftheirrespective officers, directors, employees,shareholders, representatives, parentcompanies,subsidiaries,predecessors,successors,assigns,attorneysandallpersons actingby,throughorinconcertwiththem,ofandfromanyandallcharges,claims,complaints, demands,liabilitiesorcausesofaction,knownorunknown,thattheExecutivemayhaveatthe effectivedateoftheReleaseorhaseverhadagainstanysuchPerson.Notwithstandingany otherprovision hereof,theExecutive shallnotberequiredbyanygeneralrelease torelease claimsthattheExecutivemayhaveagainsttheCompanythatariseaftertheeffectivedateof theRelease,anyrightstheExecutivemayhavetoenforceSection5.03ofthisAgreement, or anyrightsoftheExecutive tobeindemnifiedundertheorganizationaldocumentsofthe CompanyanditsAffiliatesorunderapplicable laworpursuant totheCompany'sdirectors' and officers' liability insurance policies.

ARTICLE 6 CONFIDENTIAL INFORMATION

SECTION 6.01.Nondisclosureand NonuseofConfidentialInformation.TheExecutivewill notdiscloseoruseatanytimeduringoraftertheEmploymentPeriodanyConfidential InformationofwhichtheExecutive isorbecomesaware,whetherornotsuchConfidential Informationisdevelopedbyhim,excepttotheextentthatsuchdisclosure oruseisdirectly relatedtoandrequiredbytheExecutive'sperformance ofdutiesassigned totheExecutive pursuanttothisAgreement.Underallcircumstancesandatalltimes,theExecutive willtakeall appropriatestepstosafeguardConfidentialInformationinhispossessionandtoprotectit againstdisclosure,misuse,espionage,lossandtheft.

SECTION6.02.DefendTradeSecretsAct.Pursuantto18U.S.C.§1833(b),theExecutive understandsthattheExecutivewillnotbeheldcriminally orcivillyliableunderanyFederalor StatetradesecretlawforthedisclosureofatradesecretoftheCompanythat(i)ismade(x)in confidenceto aFederal,State,orlocalgovernment official,eitherdirectlyorindirectly,orto theExecutive'sattorneyand(y) solelyforthepurpose ofreportingorinvestigating asuspected violationoflaw;or(ii)ismade inacomplaint orother documentthatisfliedunder sealina lawsuitorotherproceeding.TheExecutiveunderstandsthatiftheExecutivefilesalawsuitfor retaliationbytheCompanyforreportingasuspected violationoflaw,theExecutivemay disclose thetradesecrettotheExecutive's attorneyandusethetradesecretinformationinthe courtproceedingiftheExecutive(I)filesanydocument containingthetradesecretunderseal,

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and(II) doesnotdisclose thetradesecret, except pursuanttocourt order.Nothing inthis Agreementisintendedtoconflictwith18U.S.C.§1833(b)orcreateliabilityfordisclosuresof trade secrets that are expressly allowed by such section.Further, nothing inthis Agreement or anyotheragreementorarrangementwiththeCompanyoranyofitsAffiliatesshallprohibit or restricttheExecutivefrommakinganydisclosureofinformationordocumentstoany governmentalagencyorlegislativebody,anyself-regulatoryorganization,theLegal DepartmentoftheCompany,and/orpursuanttothewhistleblowerprovisionsoftheDodd-FrankActorSarbanes-OxleyAct.

ARTICLE 7 INTELLECTUAL PROPERTY

SECTION 7.01.Ownership of IntellectualProperty.Intheevent that theExecutive aspart ofhisactivitiesonbehalfoftheCompanygenerates,authorsorcontributestoanyinvention, design,newdevelopment,device,product,methodofprocess(whetherornotpatentableor reducedtopracticeorcomprisingConfidentialInformation),anycopyrightablework(whether ornotcomprisingConfidential Information)oranyother formofConfidential Information relatingdirectlyorindirectlytothebusinessoftheCompanyasnoworhereinafterconducted(collectively, "Intellectual Property''), the Executive acknowledges that such IntellectualProperty is the sole andexclusive property of theCompany andhereby assigns all right title and interest inandtosuchIntellectualPropertytotheCompany.Anycopyrightableworkprepared inwholeorinpartbytheExecutiveduringtheEmploymentPeriodwillbedeemed"awork madeforhire"underSection201(b)oftheUnitedStatesCopyrightActof1976,asamended, andtheCompanywillownalloftherightscomprisedinthecopyrighttherein.TheExecutive willpromptly andfullydiscloseallIntellectualProperty andwillcooperatewiththeCompany to protecttheCompany'sinterestsinandrightstosuchIntellectualProperty(includingproviding reasonableassistanceinsecuringpatentprotection andcopyrightregistrationsandexecuting alldocumentsasreasonablyrequestedbytheCompany,whethersuchrequestsoccurpriorto orafterterminationofExecutive'semploymenthereunder).

ARTICLE 8

DELIVERYOFMATERIALSUPONTERMINATIONOFEMPLOYMENT

SECTION 8.01. Delivery of Materials upon Termination of Employment. Asrequested by theCompany, from timetotime andupontheterminationoftheExecutive'semploymentwith theCompanyforanyreason,theExecutivewillpromptlydelivertotheCompanyallpropertyof theCompanyintheExecutive'spossessionorwithinhiscontrol,including,withoutlimitation, allcopiesandembodiments,Inwhatever formormedium,ofallConfidentialInformationor Intellectual PropertyintheExecutive'spossession orwithinhiscontrol(including written records, notes,photographs,manuals, notebooks, documentation,program listings,flow charts,magneticmedia,disks,diskettes,tapesandallothermaterialscontainingany ConfidentialInformationorIntellectualProperty),irrespectiveofthelocationorformofsuch

propertyand,ifrequestedbytheCompany,willprovidetheCompanywithwritten confirmationthatallsuchpropertyhavebeendeliveredto theCompany.

ARTICLE 9 NONCOMPETITIONANDNONSOLICITATION

SECTION9.01.Noncompetition.TheExecutive acknowledges thatduringhis employmentwiththeCompany,hewillbecomefamiliar withtradesecretsandother ConfidentialInformationconcerningtheCompanyanditsAffiliatesandtheirrespective predecessors,andthathisserviceswillbeofspecial,uniqueandextraordinaryvaluetothe Company.Inaddition,theExecutiveherebyagreesthatatanytimeduringtheEmployment Period,andforaperiodendingone(1)yearafterthetermination oftheExecutive's employment(the"NoncompetitionPeriod"),hewillnotdirectlyorindirectlyown,manage, control,participatein,consult with,renderservicesfororinanymannerengagein any Restricted Business;

provided,however,thatiftheExecutive'sterminationofemploymentoccursas aresultoftheExecutive'sresignationorleavingofhisemploymentother thanforGood Reason,exceptasprovidedinclause(Y)below,theNoncompetitionPeriodshall continuebeyondtheDateofTerminationonlyif(i)theCompanypaystheExecutive,for eachdayduringwhichtheNoncompetitionPeriodsocontinues (takingintoaccount Section9.04below),anamountequalto1/365thofthesumof(A)theExecutive's annualBaseSalary,plus(B)theExecutive'sBonusAmount,and(C)apro-ratedportion oftheExecutive'sBonusAmountbasedonthenumber ofdayselapsedin thecalendar yearthroughthedateNoticeofTerminationisgiven,suchamounttobepaidin accordancewiththeregularpayrollpracticesoftheCompany(exceptthatanyamount otherwise payable after theDate ofTermination andpriortothesixtieth(60th)day followingtheDateofTerminationshallinsteadbepaidonsuchsixtieth(60th)day);and(ii)theExecutive shallcontinuetoreceivehismajor medicalinsurancecoverage benefits fromtheCompany's planineffectfromtimetotime(provided theExecutive continues topaytheportionofthepremiums forsuchcoverage thatarecharged tosimilarly situatedactiveemployees)foraperiodequaltothelesser of(x)theendofthe NoncompetitionPeriod,and(y)untiltheExecutiveisprovided byanother employer withbenefitssubstantiallycomparable(withnopre-existingconditionlimitations)tothe benefitsprovided bysuchplan;andprovided further, however,that:

(X)theCompanymayelect,inItssolediscretion,bywrittennoticetothe Executivegivennotmorethanten(10)business daysafterthedateNoticeof TerminationisgivenbytheExecutivewithoutGoodReason,tonotcontinuethe NoncompetitionPeriodbeyond theDate ofTerminationor toreduce the NoncompetitionPeriodundersuchcircumstancessothatitendsonthedateset forth insuch writtennotice (which shallnotbelaterthantwelve (12) months aftertheDateofTermination),inwhichcasetheCompany'sobligationtomake

paymentsandprovidebenefitsunderthisSection9.01shallendattheendof theNoncompetitionPeriod,and

(Y) theCompany'srequirementtomake payments under thisSection9.01asa condition tocontinuationoftheNoncompetitionPeriodshallapply onlyiftheExecutive hasenteredintoageneralreleaseofclaimsreasonablysatisfactorytotheCompanyon orbeforethedatethatisfifty(SO)daysfollowingtheDateofTermination(butnotprior totheDateofTermination)anddoesnotrevokesuchrelease priortotheendofany applicablerevocationperiod(itbeingunderstoodthatsuchgeneralreleasewillnot requiretheExecutivetoreleasehisrightsunderthisSection9.01and willnotcontain anyemploymentrestrictions ornon-solicitationobligationsother thanthose set forthin this Agreement)and theExecutive has not breached and does not breach the provisions ofSections6.01,7.01,8.01,9.01,9.02or10.01hereof.

"Restricted Business" means (i) anybusiness competing withthereinsurance businesses oftheCompanyoritsAffiliatesassuchbusinessesexistorareinprocessasofthedateof termination,withinany geographicalareainwhichtheCompanyoritsAffiliatesengageorplan toengageinsuchbusinesses,and(ii)anybusinessthatismateriallycompetitivewiththe businessesthat(I) are atthetimeinquestion beingconductedbytheCompanyoritsAffiliates with whichtheExecutivewasinvolved toamaterial extentinthetwelve(12) monthspriorto terminationoftheExecutive'semployment,or(II)were,duringtheExecutive'semployment, eitherbeingconductedby,orbeingactivelydevelopedby,theCompanyorItsAffiliateswith whichtheExecutivewasinvolvedtoamaterialextentinthetwelve(12)monthspriorto terminationofExecutive'semployment.ItshallnotbeconsideredaviolationofthisSection 9.01fortheExecutivetobeapassiveownerofnotmorethan2%oftheoutstandingstockof anyclassofacorporationwhichispubliclytraded,solongastheExecutivehasnoactive participationinthebusinessofsuchcorporation.

SECTION 9.02. Nonsolicitation.The Executive acknowledges that during his employment withtheCompany,hewillbecomefamiliarwithtradesecretsandotherConfidential Informationconcerning theCompany,itsAffiliates andtheirrespectivepredecessors,andthat hisserviceswillbeofspecial,uniqueandextraordinaryvaluetotheCompany.TheExecutive herebyagreesthat (a)duringtheEmploymentPeriodandforaperiodofone(1)year afterthe dateoftermination ofemployment(the "NonsolicitationPeriod") theExecutivewillnot, directlyorindirectly,InduceorattempttoInduceanyRelevantEmployeeoftheCompanyorIts AffiliatestoleavetheemployoftheCompanyorItsAffiliates,orinanywayinterferewiththe relationshipbetween theCompanyoritsAffiliates andanyRelevantEmployee thereof or otherwise employ or receive theservices of any individual who was a Relevant Employee of the CompanyoritsAffiliatesattheDateofTerminationorwithinthetwelve-monthperiodprior thereto,and(b) duringtheNonsolicitationPeriod, theExecutivewlllnotinduceorattemptto induce any Restricted Customer to cease doingbusiness with theCompany orits Affiliates.For purposes ofthis Agreement, a "RelevantEmployee"shallmeanadirector,officer,underwriter or managerof theCompanyoritsAffiliates,ineachcasewithwhomtheExecutivehadmaterial dealingsatanytimeduringtheperiodoftwelve (12) monthspriortotheDateofTermination.

A"RestrictedCustomer"shallmeananyfirm,company orPersonwho wasacustomer, investor, supplier, client, insured, reinsured, reinsurer, broker, agent,licensee orother business relationoftheCompanyoritsAffiliatesandwithwhomExecutivehadmaterialdealingsduring thetwelve (12) months priorto termination oftheExecutive's employment.

SECTION 9.03.Enforcement. If, at theenforcement ofSections 9.01or9.02,acourt holds that the duration or scope stated herein are unreasonable under circumstancesthen existing, the parties agree that the maximum duration and scope reasonable under such circumstanceswill be substituted forthe stated duration or scope and that the court will be permitted to revise therestrictions contained in this Article 9tocover the maximum duration and scope permitted by law.

SECTION9.04Coordination withGarden Leave.ThelengthsoftheNoncompetition PeriodandtheNonsolicitationPeriodshallbereducedbyanyperiodthattheExecutiveIs requiredtoremainawayfromtheofficeduringhisnoticeperiodornotundertakehisnormal dutiespursuant to Section5.06above.

ARTICLE 10 EQUITABLERELIEF

SECTION10.01.InjunctiveorOtherEquitableRelief.TheExecutiveacknowledgesthat

(a)thecovenantscontainedhereinarereasonable,(b)theExecutive'sservicesareunique,and

(c) a breach or threatened breach by him of any of his covenantsand agreementswith the Company andits Affiliates containedin Sections 6.01, 7.01, 8.01, 9.01or 9.02 could cause IrreparableharmtotheCompanyorits Affiliates forwhich theywould have noadequate remedyat law.Accordingly,andinadditiontoany remedieswhich theCompanyandits Affiliates may have atlaw,in theevent ofanactual orthreatened breachby theExecutive of his covenants and agreementscontained in Sections6.01, 7.01, 8.01, 9.01or 9.02, the Company andIts Affiliatesshallhavethe absoluteright,withouttheneedtopostabondoranyother type of security, tocommencea lawsuitor other proceeding inany courtofcompetent jurisdiction (the "Selected Court") seeking injunctive or other equitable relief (an "Injunction Proceeding").Infurtherance thereof, the Executive expressly andirrevocably agreesthat the Selected Court may exercise personal jurisdiction over him in connection with any Injunction Proceeding and furtheragrees not toassert that any court other than the Selected Court is a more suitable forum for an Injunction Proceeding.

ARTICLE 11

EXECUTIVE REPRESENTATIONS

SECTION 11.01.ExecutiveRepresentations.TheExecutive herebyrepresents and warrants totheCompany that (a) theexecution, delivery andperformance of this Agreement by the Executive does not and will not conflictwith, breach, violate or cause a default under

anycontract,agreement,instrument,order,judgmentordecreetowhichtheExecutiveisa partyorbywhichheisbound,(b)theExecutiveisnotapartyto orboundbyanyemployment agreement, noncompetitionagreement orconfidentialityagreement withanyotherPerson that affectshisrightorabilityto performthedutiescontemplated bythisAgreement, and(c) upontheexecutionanddelivery ofthisAgreement bytheCompany,thisAgreementwillbethe validandbindingobligationoftheExecutive,enforceableinaccordancewithitsterms.

SECTION11.02.Company Representations.TheCompanyherebyrepresents and warrantstotheExecutivethat(a)allactsrequiredtobetakentoauthorize,deliverandperform thisAgreementandtheobligations oftheCompanyprovidedforhereunderhavebeenduly taken;and(b)upontheexecutionanddeliveryofthisAgreementbytheCompany,this AgreementwillbevalidandbindingobligationoftheCompany,enforceableinaccordancewith its terms.

ARTICLE 12 MISCELLANEOUS

SECTION12.01.Remedies.TheCompanywillhaveallrightsandremediessetforthin

thisAgreement,allrightsandremedieswhichtheCompanyhasbeengrantedatanytime underanyotheragreementorcontractandalloftherightswhichtheCompanyhasunderany law.TheCompanywillbeentitledtoenforcesuchrightsspecifically,without postingabondor othersecurity,torecoverdamagesbyreasonofanybreachofanyprovisionofthisAgreement andtoexercise allother rightsgrantedbylaw.Therearecurrentlynodisciplinaryorgrievance proceduresinplace,thereisnocollectiveagreement in place,andthereisnoprobationary period.

SECTION12.02.ConsenttoAmendments.TheprovisionsofthisAgreement maybe amendedorwaivedonlybyawrittenagreementexecutedanddeliveredbytheCompanyand theExecutive.NoothercourseofdealingbetweenthepartiestothisAgreementoranydelayin exercisinganyrightshereunderwilloperateasawaiverofanyrightsofanysuchparties.

SECTION12.03.SuccessorsandAssigns.Allcovenantsandagreementscontainedinthis Agreement byoronbehalfofanyofthepartieshereto willbindandinuretothebenefitofthe respectivesuccessorsandassignsofthepartiesheretowhethersoexpressedornot,provided thattheExecutivemaynotassignhisrightsordelegatehisobligationsunderthisAgreement without the written consent of the Company.

SECTION12.04.Severability.Wheneverpossible,eachprovisionofthisAgreementwill beinterpretedin suchmannerastobeeffectiveandvalidunder applicablelaw,butif any provisionofthisAgreementisheldtobeprohibitedbyorinvalidunderapplicablelaw,such provision willbe ineffective only totheextent of suchprohibition or invalidity, without invalidating the remainder of this Agreement.

SECTION 12.05.Counterparts. ThisAgreement maybeexecuted simultaneouslyin two counterparts,any one ofwhich neednotcontain the signatures of more than one party, but all of which counterpartstaken togetherwill constituteone and the sameagreement.

SECTION12.06.Descriptive Headings.ThedescriptiveheadingsofthisAgreement are inserted for convenienceonly and do not constitute a part of this Agreement.

SECTION 12.07. Notices. All notices,demands or other communicationsto begivenor deliveredunderorbyreasonoftheprovisionsofthisAgreement willbeinwritingandshallbe deliveredpersonallybyhand,byelectronictransmission (withacopyfollowingbyhandorby overnight courier),byregisteredorcertifiedmail,postage prepaid,returnreceiptrequested, or byovernight courierservice(chargesprepaid).Communicationsdeliveredpersonally byhand shallbedeemedreceivedonthedatewhendeliveredpersonallyto therecipient; communications sent byelectronic means shall be deemed received one (1)business day after thesendingthereof;communicationssentbyregisteredorcertifiedmailshallbedeemed receivedfour(4)businessdaysafterthesendingthereof;andcommunicationsdeliveredby overnightcouriershallbedeemedreceivedone(1)businessdayafterthedatewhensentto therecipient.Suchnotices,demandsandothercommunicationswillbesentto theExecutive andtotheCompany attheaddresses setforthbelow.

IftotheExecutive:

IftotheCompany:

Tothelastaddress deliveredto theCompany bythe Executive in the manner set forth herein.

ArchCapitalGroupLtd. WaterlooHouse

100Pitts Bay Road HamiltonHM12,Bermuda Attention:Secretary

Tel:(441)278-9250

Fax:441-278-9255

ortosuchotheraddressortotheattentionofsuchotherpersonastherecipientpartyhas specified byprior written notice to thesendingparty.

SECTION12.08.Withholding.TheCompany maywithholdfromanyamountspayable underthisAgreementsuchfederal,state,localorforeigntaxesasshallberequiredtobe withheldpursuant to anyapplicable laworregulation.

SECTION 12.09.409Aand457A.ThisSection12.09shallapplytotheExecutive onlyif, andtotheextent,heissubjectto Section409AorSection457AoftheCode.Itisintendedthat thisAgreement willcomply withSections 409A and 457A ofthe Code (and any regulations and guidelinesissuedthereunder),to theextenttheAgreement issubject thereto,andthe Agreementshallbeinterpretedonabasisconsistentwithsuchintent.Ifanamendmentofthe Agreement isnecessary in order foritto comply withSection 409A orSection457A,theparties

heretowillnegotiateingoodfaithtoamendtheAgreementInamannerthatpreserves the originalintentofthepartiestotheextent reasonablypossible.Noactionorfailuretoact, pursuant tothis Section 12.09 shall subject theCompany toany claim, liability, or expense, and theCompanyshall nothave any obligationtoindemnify orotherwiseprotect theExecutive fromtheobligationtopayanytaxes,interestorpenaltiespursuanttoSection409AorSection 457A oftheCode.

NotwithstandinganyprovisiontothecontraryinthisAgreement,iftheExecutive is deemedonthedateofhis"separationfromservice"(withinthemeaningofTreasury RegulationSection1.409A-l(h))tobea"specifiedemployee"withinthemeaningofthatterm under Section409A(a)(2)(B)oftheCode,thenwithregard toany paymentthatisrequiredtobe delayedpursuanttoSection409A(a)(2)(B)oftheCode(aftertakingintoaccounttheapplicable provisions of Treasury Regulation Section 1.409A-l(b)(9)(11i)), the portion, if any, of such paymentsorequiredtobedelayedshallnotbemadepriortotheearlierof(i)theexpirationof thesix(6)-monthperiodmeasuredfromthedateofhis"separationfromservice" or(ii)the dateofhisdeath(the"DelayPeriod").UpontheexpirationoftheDelayPeriod,allpayments andbenefits delayed pursuanttothisSection (whether they wouldhave otherwisebeen payableinasinglesumorininstallmentsintheabsenceofsuchdelay) shallbepaidor reimbursedtotheExecutiveinalumpsum,andanyremainingpaymentsdueunder this Agreementshallbepaidinaccordancewiththenormalpaymentdatesspecifiedforthem herein.Wheneverpayments underthisAgreementaretobemadeininstallments,eachsuch installmentshallbedeemedtobeaseparatepaymentforpurposes ofSection 409Aofthe Code.Notwithstandinganyprovision ofthisAgreementtothecontrary,forpurposesofany provisionofthisAgreementprovidingforthepayment ofanyamountsorbenefits uponor followingaterminationofemploymentthatareconsidereddeferredcompensationunder Section409A, referencestotheExecutive's"termination ofemployment"(andcorollaryterms) withtheCompanyshallbeconstruedtorefertotheExecutive's"separationfromservice" (withinthemeaningofTreas.Reg.Section1.409A-l(h))withtheCompany.Innocasewill compliancewiththisSectionbytheCompanyconstituteabreachoftheCompany'sobligations under thisAgreement.

Withrespecttoanyreimbursementorin-kindbenefitarrangementsoftheCompany anditssubsidiariesprovided for hereinthatconstitutedeferred compensationforpurposes of Section 409A, except as otherwise permitted bySection 409A, the following conditions shall be applicable:(i)theamounteligibleforreimbursement,orin-kindbenefitsprovided,underany sucharrangementinonecalendaryearmaynotaffect theamounteligibleforreimbursement, orin-kindbenefits tobeprovided, under sucharrangementinanyother calendar year(except that thehealth anddentalplans mayimposea limit ontheamountthat maybereimbursedor paid), (ii)anyreimbursementmustbemade onorbeforethelast dayofthecalendaryear followingthecalendar yearinwhichtheexpensewasincurred,and(iii)theright to reimbursementorin-kindbenefitsisnotsubjecttoliquidationorexchangeforanotherbenefit.

SECTION 12.10.Section4999oftheCode.AnythinginthisAgreement ortheCompany's IncentiveCompensationPlantothecontrarynotwithstanding,intheeventitshallbe

determined that anypayment, award, benefit ordistribution (including, without limitation,the acceleration ofanypayment,award,distributionorbenefit),bytheCompanyoranyofits affiliates to orforthebenefit oftheExecutive (whether pursuant to the termsofthis Agreement or otherwise) (a"Payment") wouldbesubject to theexcisetaximposedbySection 4999 oftheCode or anycorresponding provisions ofstate orlocaltax law(the"Excise Tax"), thensuchPaymentsshalleither(a)bedeliveredInfull,or(b)subjectto,andinamanner consistentwiththerequirementsofSection409A oftheCode,bereducedtotheminimum extentnecessarytoensurethatnoportionthereofwillbesubjecttotheExciseTax,whichever oftheforegoingamounts,takingintoaccounttheapplicablefederal,stateorlocalincomeand employmenttaxesand the ExciseTax,results in receipt bytheExecutive, onanafter-tax basis, ofthegreatest amountofpayments andbenefits, notwithstandingthatallorsomeportion of suchpaymentsandbenefits maybesubjectto theExciseTax.IntheeventthatanyPayments aretobereducedpursuant tothisSection12.10,thenthereductionshallbeappliedasfollows:

(i) first,on a prorata basis totheExecutive's cash severance payments under Section 5.03 above,and(ii)second,onaproratabasistoExecutive'sequityincentiveawards.All determinationsrequiredtobemadeunder thisArticle12shallbemadebyanationally recognizedaccountingorconsultingfirm(otherthantheregularoutsideaccountingfirm retainedbytheCompany)selectedbytheCompany andagreedtobytheExecutive,which agreementshallnot beunreasonablywithheld(the"AccountingFirm"),whichAccountingFirm shall provide detailed supporting calculations both to the Company andtheExecutive within 15 businessdaysafterthereceiptofnoticefromtheCompanythattheExecutivehasreceiveda Payment,orsuchearliertimeasisrequestedbytheCompany.Anydetermination bythe AccountingFirmmeetingtherequirementsofthisSection12.10shallbebindinguponthe Company and the Executive.The feesanddisbursements of the Accounting Firm shall be paid bytheCompany.Ifrequired,theCompany shallenterintoanengagement letter withthe Accounting Firmcontainingreasonableandcustomary termsandprovisions.

SECTION12.11.NoThirdPartyBeneficiary.ThisAgreementwillnotconfer anyrightsor remedies upon any person other than the Company, the Executive and their respective heirs, executors, successors and assigns.

SECTION12.12.EntireAgreement.ThisAgreement(includingthedocumentsreferredto herein) constitutes the entire agreement among the parties and supersedes any prior understandings, agreementsorrepresentations by oramong the parties,written or oral, that may have related in any way tothe subject matter hereof, including,without limitation, the EmploymentAgreement, dated August 16, 2014,between Arch Reinsurance Company andthe Executive.This Agreement shall serve as a written statement of employment for purposes of Section 6 of the Bermuda Employment Act 2000.

SECTION12.13.Construction.ThelanguageusedinthisAgreementwillbedeemedtobe the language chosen by the parties toexpress their mutual intent, and no rule of strict constructionwill be appliedagainst any party. Any referencetoany federal,state, local or foreign statute or law will be deemed also torefer to all rules andregulations promulgated thereunder, unless the context requires otherwise. The use oftheword "including'' inthis

Agreementmeansincludingwithoutlimitationandisintendedbythepartiestobebywayof example rather than limitation.

SECTION12.14.Survival. Sections3.04,5.03, 5.04, 6.01, 6.02, 7.01, 8.01and Articles 9, 10,11and12willsurviveandcontinuein fullforceinaccordance withtheir terms notwithstandingany termination of the Employment Period.

SECTION 12.15. GOVERNING LAW. ALL QUESTIONSCONCERNING THE CONSTRUCTION, VALIDITY AND INTERPRETATION OF THIS AGREEMENT WILL BE GOVERNED BY THE LAW OF BERMUDA, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS, SAVE THAT WHERE PROVISIONS OF FOREIGN LAW APPLY INTHIS AGREEMENT, THEY WILL BE INTERPRETED AND CONSTRUEDINACCORDANCEWITHSUCHFOREIGNLAW.

SECTION12.16.Arbitration.SaveforwheretheCompanychoosestoexerciseitsrights asdescribedinSection10.01,intheeventthatadisputeordifferenceshallarisebetweenthe partiesoutof,inconnection with,orconcerningthisAgreement, such dispute shallbereferred toanddetermined byasolearbitrator in aconfidential privatearbitrationinaccordance with theUNCITRALrulesassameareincorporatedintotheBermudaInternationalConciliationand Arbitration Act1986,exceptastheymaybemodified hereinorbymutualagreement ofthe parties.Anysucharbitrationproceedingshalltakeplacebeforeasinglearbitrator.The arbitratorshallbeacceptabletoboththeCompanyandtheExecutive.However,if theparties cannot agreeonanacceptable arbitrator,thenthearbitrator istobeappointed bythe Appointments'CommitteeoftheCharteredInstituteofArbitratorsBermudaBranch.Theseat ofarbitrationshallbeBermudaanditshallbeconductedintheEnglishlanguage.Theparties shallbeartheirrespectivecosts(includingattorney'sfees)andshallsplitthefeeofthe arbitrators(50%paidbytheCompanyand50%bytheExecutive).Judgmentuponthefinal awardrenderedbysucharbitrator maybeenteredinanycourt havingjurisdiction thereof.

Eachpartyagreesthatitshallmaintainconfidentialityinrespecttoanyarbitrationbetween them(including anydecision rendered in sucharbitration) except asnecessary inconnection withanenforcementproceedingor asrequired bylaw.

INWITNESSWHEREOF,thepartiesheretohaveexecutedthisAgreementasofthedate and year first above written.