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Arch Insurance to Acquire Ventus Risk Management.

M2 EQUITYBITES-August 16, 2019-Arch Insurance to Acquire Ventus Risk Management


16 August 2019 - New York, US-based Arch Insurance North America has agreed to acquire US-based general underwriter (MGU) Ventus Risk Management, specialising in providing coastal commercial property insurance solutions to small and mid-sized enterprises, the company said.

Terms of the transaction were not disclosed.

Integrating Ventus into the Arch platform will enable third-party capital to provide capacity alongside Arch's product offerings.

Arch Insurance North America said Ventus is an insurtech company that has deployed its offerings to support its underwriters, delivers best-in-class analytics and models capabilities and provides a superior customer experience.

When combined with the scale of Arch's E and S property portfolio and breadth of our relationships, the company will bring enhanced value to wholesale distribution partners.

Arch Insurance North America, part of Arch Capital Group Ltd., includes Arch's insurance operations in the United States and Canada.

Business in the US is written by Arch Insurance company, Arch Specialty Insurance company, Arch Excess and Surplus Insurance company and Arch Indemnity Insurance company. Business in Canada is written by Arch Insurance Canada Ltd.

Arch Capital Group Ltd., a Bermuda-based company with approximately USD 12.49bn in capital at June 30, 2019, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.

Ventus Risk Management is a technology and analytics-driven managing general underwriter with over 30 employees and offices in Georgia, South Carolina, Texas and Virginia.

TigerRisk Capital Markets and Advisory acted as exclusive financial advisor to Ventus.

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Publication:M2 EquityBites (EQB)
Geographic Code:100NA
Date:Aug 16, 2019
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