Arch Capital Group Acquires Allianz's U.S. Midcorp and Entertainment Insurance Businesses

By Tamara Parker • Monday, July 22 15:26 • Permanent Link

Arch Insurance North America, a part of Arch Capital Group Ltd. (NASDAQ: ACGL), has announced the acquisition of the U.S. Midcorp and entertainment insurance businesses of Allianz. The transaction is expected to close on August 1, 2024, subject to customary closing conditions.

As of March 31, 2024, Arch Capital Group Ltd. had approximately $22.1 billion in capital. Arch Insurance North America operates in the United States and Canada, with U.S. business underwritten by Arch Insurance Company, Arch Specialty Insurance Company, Arch Property & Casualty Insurance Company, and Arch Indemnity Insurance Company, and Canadian business underwritten by Arch Insurance Canada Ltd. Today the company's shares have moved 0.6% to a price of $96.69. For more information, read the company's full 8-K submission here.

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