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Arch Capital acquires Allianz's U.S. MidCorp business

PUBLIC · ACGLAug 01, 2024

Acquiring Company

Arch Capital Group Ltd.

Acquired Company

Allianz Group

PembrokeKuala LumpurFinancial ServicesFinanceLendingInsurtechInsuranceFinancial ServicesInsurance

Description

Arch Capital Group Ltd. has completed the acquisition of Allianz's U.S. MidCorp & Entertainment Insurance Businesses. This deal enhances Arch Capital's presence in the U.S. middle-market commercial insurance segment and strengthens its specialty entertainment insurance offerings. The acquisition adds significant premium volume and specialized underwriting talent to Arch Capital's portfolio.

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Company Information

Company

Arch Capital Group Ltd.

Location

Pembroke, Hamilton, Bermuda

About

Arch Capital Group Ltd., a publicly listed Bermuda exempted company with approximately $16.7 billion in capital at June 30, 2021, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.

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Frequently asked

Who acquired Allianz Group?

Allianz Group was acquired by Arch Capital Group Ltd., based in Pembroke. The deal was reported on August 1, 2024. Arch Capital Group Ltd. is publicly traded (ACGL) and operates in Financial Services.

When did Arch Capital Group Ltd. acquire Allianz Group?

Arch Capital Group Ltd.'s acquisition of Allianz Group was reported on August 1, 2024. Arch Capital Group Ltd. has completed the acquisition of Allianz's U.S. MidCorp & Entertainment Insurance Businesses. This deal enhances Arch Capital's presence in the U.S. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Allianz Group do?

Allianz Group is a global leader in insurance and financial services. The company provides a wide range of insurance products and services to customers around the world. Allianz aims to secure and enhance the lives of its clients through innovative solutions. It is privately held, operating in Financial Services, and is based in Kuala Lumpur.

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