Brief: Arch Insurance North America to Acquire Allianz’s U.S. MidCorp and Entertainment Insurance Businesses
05/04/2024 14:40
April 5 (Reuters) - Arch Capital Group Ltd ACGL.O :
* ARCH INSURANCE NORTH AMERICA TO ACQUIRE ALLIANZ’S U.S.
MIDCORP
AND ENTERTAINMENT INSURANCE BUSINESSES
* ARCH CAPITAL GROUP LTD - ARCH ESTIMATES ITS CAPITAL
REQUIREMENT
TO SUPPORT BUSINESS WILL BE APPROXIMATELY $1.4 BILLION
* ARCH CAPITAL GROUP LTD: PROPOSED DEAL FOR $450 MILLION
CASH
CONSIDERATION
Source text for Eikon: ID:nBw5J14sfa
Further company coverage: ACGL.O
((Reuters.Briefs@thomsonreuters.com;))
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