Bermuda Benefits

We provide comprehensive coverage via CG Insurance and/or Cigna, which includes a co-pay that never exceeds $20. There are different arrangements for Local Nationals and Expats, but all eligible employees have access to major medical, dental, vision, life insurance and more.

Local Nationals and Non-U.S. Expats: We pay 10% (both the 5% employer and 5% employee portion) of your pension up to $20,000 annually and cover all the pension administration fees. Employees can also elect to make voluntary contributions of up to 10% of monthly salary and/or bonus.

U.S. Expats: We will match the first 3% of your contributions at 100% and the next 3% at 50% up to the current year’s IRS limits.

Education Assistance: Arch supports and encourages employees to continue their education to secure increased responsibility and growth within their professional careers.

Exam Designation Awards: All employees are eligible for education expense reimbursement for job-related courses, Insurance/Reinsurance exams (CPCU, ARe, AINS, ARM and IIA studies) as well as for the CFA designation and others.

We provide comprehensive employee support through the Employee Assistance Program, offering confidential guidance for personal challenges.

In addition to our global, peer-nominated Arch Achieve awards program, the company’s highest corporate honour, we leverage day-to-day “Applause” awards. This tiered program lets employees recognize varying levels of contribution to colleagues across all segments, anywhere in the world.

Employee Share Purchase Program: Employees can purchase company stock at a 15% discount twice per year. 

Charity Gift-Matching Program: We will match employee donations to eligible charitable organizations up to $25,000 annually.

Adoption Assistance Program: Employees can apply for financial support for expenses related to adopting a child.

Employee Referral Program: Employees who refer to Human Resources qualified candidates for an open position can receive $3,000 to $5,000 (depending on the position) if the candidate is hired.

Holidays: In addition to the Bermuda Statutory holiday allowance, Arch celebrates (and closes for) the following U.S. holidays: Independence Day and Thanksgiving Day.

Maternity and Parental Leave: Mothers are eligible for a combined 17 weeks of paid leave, comprising 13 weeks of maternity leave and four weeks of parental leave for the birth, adoption or fostering of a child. Fathers are granted up to four weeks of paid leave as well.

Short-Term Disability: We extend support for employees facing short-term disability by covering 100% of their salary for a three-month period upon receipt of a doctor’s note. In cases of long-term disability, the coverage continues at 66% of the salary until the age of 65, pending medical approval.

Volunteer Days: The company encourages community engagement by offering two paid workdays annually for Volunteer Time Off.

Hotels: Employees can enjoy preferred rates from select hotels internationally.

Car rentals: If renting a car in U.S. or Canada for business purposes, you are covered for liability insurance and can decline this addition from the rental company.

Car buying: Employees can get up to 5% off the purchase of a new vehicle at Bermuda Motors Ltd. (select vehicles only).

Insurance: Employees can get a 10% discount on motor, home contents or home buildings insurance.

Employees can enjoy convenient fitness opportunities, with a 24/7 on-site gym featuring a variety of classes, weights and yoga. Employees registered with Zest Wellness can also access free yoga, spinning, rowing and HIT classes at Courthouse Gym.