Arch Insurance Europe acquired the UK Commercial Lines business from The Ardonagh Group for £31m

Arch Insurance Europe completed the acquisition of the UK Commercial Lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment. The acquired business, which generated more than £150m of Gross Written Premium in 2017, will become the newly formed Arch UK Regional Division, focused on commercial property, casualty, motor, professional liability, personal accident and travel. The acquisition forms part of Arch’s strategy to grow its regional UK presence and deliver underwriting expertise and a strong customer value proposition through an expanded retail distribution network. The Arch UK Regional Division will have a meaningful presence and an extended office network across the UK. Matt Shulman, President and CEO, Arch Insurance Europe, commented, “We are pleased to have completed the acquisition of Geo’s commercial lines business and are excited as we welcome another team of high-quality underwriting and distribution professionals to Arch."