Arch Insurance North America completes acquisition of Allianz’s U.S. MidCorp and Entertainment Insurance Businesses
Apr 05, 2024•over 1 year ago
Acquiring Company
Arch Insurance
Acquired Company
Allianz
Jersey City
MunichInsuranceEmployee BenefitsDescription
Arch Insurance North America, part of Arch Capital Group Ltd., has entered into a master transaction agreement to acquire the U.S. MidCorp and Entertainment insurance businesses, including select specialty insurance programs, from Allianz Global Corporate & Specialty SE (AGCS) for a $450 million cash consideration. This strategic acquisition is expected to enhance Arch Insurance's product suite, distribution relationships, and expand its presence in the U.S. middle market.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed