-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AsqcGVKrOJdDQfKI3nF1/VY6posTMqplnzzV9lc+T1VMUckjqAnxs4gApLNACKq4 VBB2yl+ohM3be5qMmqqk7Q== 0001023363-01-000012.txt : 20010223 0001023363-01-000012.hdr.sgml : 20010223 ACCESSION NUMBER: 0001023363-01-000012 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ARCH CAPITAL GROUP LTD CENTRAL INDEX KEY: 0000947484 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 061424716 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-45257 FILM NUMBER: 1540073 BUSINESS ADDRESS: STREET 1: 20 HORSENECK LANE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2038624300 MAIL ADDRESS: STREET 1: 20 HORSENECK LANE CITY: GREENWICH STATE: CT ZIP: 06830 FORMER COMPANY: FORMER CONFORMED NAME: RISK CAPITAL HOLDINGS INC DATE OF NAME CHANGE: 19950816 FORMER COMPANY: FORMER CONFORMED NAME: RISK CAPITAL RE INC DATE OF NAME CHANGE: 19950703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STEINBERG ASSET MANAGEMENT COMPANY INC CENTRAL INDEX KEY: 0000791205 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 12 EAST 49TH STREET STREET 2: SUITE 1202 CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2129800080 MAIL ADDRESS: STREET 1: 12 EAST 49TH STREET STREET 2: SUITE 1202 CITY: NEW YORK STATE: NY ZIP: 10017 SC 13G/A 1 0001.txt AMENDMENT NO. 1 TO SCHEDULE 13G Page 1 of 7 Pages SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) Arch Capital Group -------------------------------- (Name of Issuer) Common Stock -------------------------------- (Title of Class of Securities) G0450A105 -------------------------------- (CUSIP Number) Check the following box if a fee is being paid with this statement ___. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with the respect to the subject of class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. G0450A105 13G/A Page 2 of 7 Pages - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Steinberg Asset Management Company, Inc. - --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) { } (b) { } - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - --------- ---------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 572,800 BENEFICIALLY --------- -------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING 0 PERSON --------- -------------------------------------------------- WITH 7 SOLE DISPOSITIVE POWER 1,082,554 --------- -------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,082,554 - --------- ---------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - --------- ---------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.72% - --------- ---------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT CUSIP No. G0450A105 13G/A Page 3 of 7 Pages - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Michael A. Steinberg & Company, Inc. - --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) { } (b) { } - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - --------- ---------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 BENEFICIALLY --------- -------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING 0 PERSON --------- -------------------------------------------------- WITH 7 SOLE DISPOSITIVE POWER 2,500 --------- -------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,500 - --------- ---------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - --------- ---------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 .02% - --------- ---------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* BD - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13G Page 4 of 7 Pages ------------ Item 1 (a) Name of Issuer: ARCH CAPITAL GROUP LTD (b) Address of Issuer's Principal Executive Offices: 20 Horseneck Lane Greenwich, CT 06830 Item 2 (a) Name of Person Filing: 1. Steinberg Asset Management Co., Inc. 2. Michael A. Steinberg & Co., Inc. (b) Address of Principal Business Office: 12 East 49th Street, New York, NY 10017 (c) Citizenship: 1. State of Delaware 2. State of Delaware (d) Title of Class of Securities: Common Stock (e) Cusip Number: G0450A105 Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) [X] Broker or Dealer registered under Section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance Company as defined in section 3(a)(19) of the Act (d) [ ] Investment Company redistered under section 8 of the Investment Company Act (e) [X] Investment Advisor registered under Section 203 of the Investment Advisors Act of 1940. (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Section 240.13d-1(b) (1)(ii)(F) (g) [ ] Parent Holding Company, in accordance with Section 240.13d-1(b)(1)(ii)(G) (h) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(H) Page 5 of 7 Pages Item 4 Ownership: (a) Amount beneficially owned: 1,085,054 (b) Percent of Class: 8.74% (c) Number of Shares as to which such person has (i) Sole power to vote or to direct the vote: 572,800 (ii) Shared power to vote or direct the vote: none (iii)Sole power to dispose or direct the disposition: 1,085,054 (iv) Shared power to dispose or direct the disposition of: none Item 5 Ownership of Five Percent or less of a Class, Not Applicable Item 6 No client or other person known to the Reporting Persons has an interest that relates to 5% or more of this Security. Item 7 Not Applicable Item 8 Not Applicable Item 9 Not Applicable Item 10 Certification: By signing below I certify that to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. Page 6 of 7 Pages Exhibit A Michael A. Steinberg may be deemed to have beneficial ownership of the securities beneficially owned by Steinberg Asset Management Company, Inc., and Michael A. Steinberg & Company, Inc. Page 7 of 7 Pages Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. 2/14/01 ------- Date /s/ Steve Feld ----------------- Signature Steven Feld - Vice President ---------------------------- Name/Title -----END PRIVACY-ENHANCED MESSAGE-----