Arch Capital (ACGL) Unit to Expand in Middle-Market P&C Segment

Arch Capital Group Ltd.’s (ACGL) subsidiary, Arch Insurance North America, has finalized a master transaction agreement to acquire Allianz’s U.S. MidCorp and Entertainment insurance businesses. Valued at $450 million in cash, this strategic move underscores Arch's commitment to expand its footprint in the middle-market property and casualty segment. The acquisition, estimated to require approximately $1.4 billion in capital support, positions Arch as a significant player in this lucrative market space.Enhan ...