Arch Insurance Europe Completes Acquisition of the UK Commercial Lines Business of The Ardonagh Group
Business to become Arch
The acquired business, which generated more than £150 million of Gross Written Premium in 2017, will become the newly formed
As previously outlined, the acquisition forms part of Arch’s strategy to grow its regional
“It is our ambition for the Arch
About Arch Insurance Europe
Arch Insurance Europe underwrites specialty lines business through two platforms from its base in
-
Arch Insurance Company (Europe) Limited : Through independent brokers, we provide specialised property and liability insurance programmes to a wide range of industrial and commercial companies and financial institutions. With strong financial strength ratings, we represent a stable alternative for brokers and customers. - Arch Syndicate 2012: Arch Syndicate 2012 is managed by Arch Underwriting at Lloyd’s Ltd, a Lloyd’s managing agent. Our stamp capacity is £200 million for the 2019 year of account.
About Arch Capital Group Ltd.
Arch Capital Group Ltd., a
Cautionary Note Regarding Forward-looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward−looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward−looking statements, which reflect our current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward−looking statements.
Forward−looking statements can generally be identified by the use of forward−looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or their negative or variations or similar terminology. Forward−looking statements involve our current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and our ability to maintain and improve our ratings; investment performance; the loss of key personnel; the adequacy of our loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in
The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward−looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. We undertake no obligation to publicly update or revise any forward−looking statement, whether as a result of new information, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190102005129/en/
FTI Consulting
[email protected]
[email protected]
Source: Arch Insurance Europe
Magnitogorsk Investigators Find No Sign Of Explosives As Rescuers Continue Work
Stocks Finish Shakiest Year In A Decade
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News