Arch Capital Group (ACGL) has provided an update.
On August 1, 2024, the Company finalized the acquisition of the U.S. Middle Market and Entertainment Property & Casualty Insurance Business from Seller, including related assets and liabilities, for a base price of $450 million, as outlined in the Master Transaction Agreement. Alongside this, the Company’s affiliates entered into reinsurance and service agreements for the policies involved. While an amendment was made for clarification, the core terms remained unchanged. This strategic deal, which was initially disclosed in a previous report, has been publicly announced and further details can be accessed through the Company’s formal filings.
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