Arch Capital Group, a private equity firm, completed the acquisition of Watford Holdings, a property and casualty insurance and reinsurance company, for $700m. Warburg Pincus and Kelso & Co invested in the transaction. “We are excited to complete this transaction, which will now allow our partners and Arch to move forward with the next chapter for Watford. We believe that the market conditions are ideal for us to develop the franchise and execute a strategy for Watford’s long-term success. I want to thank the teams on all sides for their dedication to successfully completing this transaction," Maamoun Rajeh, Arch Chairman and CEO.