Arch Capital Group Ltd. Closes Acquisition of Altus Holdings, Ltd.Business Editors GREENWICH, Conn.--(BUSINESS WIRE)--June 22, 2001 Arch Capital Group Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ACGL ACGL Arch Capital Group Ltd. ACGL Automobile Corporation of Goa Limited ACGL Alternative County Government Law ) announced today that it has completed the previously announced acquisition of one of its current investee companies, Altus Holdings, Ltd. The Company also announced that the name of Altus Holdings, Ltd. has been changed to "Arch Risk Transfer Services Ltd." Through its wholly-owned subsidiaries, including First American First American may refer to:
Arch Risk Transfer Services, together with Hales & Company, Arch Capital's merchant bank, and Distribution Partners, a private equity fund affiliated with Hales, will form the foundation of Arch Capital's insurance services group, "Arch Insurance Services," which provides a wide range of services within and to the insurance industry. These services include investment banking services such as mergers and acquisitions advice, valuations and capital raising; private equity investing; providing underwriting capacity through admitted and non-admitted policy issuing carriers; designing customized specialty insurance programs; and providing rent-a-captive facilities and captive management for programs, retail agents, associations, affinity groups A special interest group. This is a marketing term for a group of people with similar interests. and corporations to enable participation in risk assumption and the lowering of overall insurance costs. Arch Capital Group Ltd. is a Bermuda-based, diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services holding company, which is engaged in a range of insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. activities through the ownership of intermediaries, underwriting agencies, service providers and insurance companies. |
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