[Exhibit 23.1]
[Letterhead of PricewaterhouseCoopers LLP]
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in the Prospectus
constituting part of this Registration Statement on Form S-4 of our report dated
February 1, 2000 (except as to Note 14, which is as of March 2, 2000) appearing
on page F-2 of Arch Capital Group Ltd.'s (formerly known as Risk Capital
Holdings, Inc.) Annual Report on Form 10-K for the year ended December 31, 1999.
We also consent to the incorporation by reference of our report on the Financial
Statement Schedules, also dated February 1, 2000 (except as to Note 14, which is
as of March 2, 2000), which appears on page S-1 of such Annual Report. We also
consent to the reference to us under the heading "Experts" in such Prospectus.
PricewaterhouseCoopers LLP
New York, New York
August 15, 2000