BRIEF-Arch Insurance North America to Acquire Allianz's U.S. MidCorp and Entertainment Insurance Businesses-February 2024-www.financetom.com

BRIEF-Arch Insurance North America to Acquire Allianz's U.S. MidCorp and Entertainment Insurance Businesses

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

BRIEF-Arch Insurance North America to Acquire Allianz's U.S. MidCorp and Entertainment Insurance Businesses

Apr 5, 2024 7:06 AM

April 5 (Reuters) - Arch Capital Group Ltd ( ACGL ):

* ARCH INSURANCE NORTH AMERICA TO ACQUIRE ALLIANZ'S U.S.

MIDCORP

AND ENTERTAINMENT INSURANCE BUSINESSES

* ARCH CAPITAL GROUP LTD ( ACGL ) - ARCH ESTIMATES ITS CAPITAL

REQUIREMENT

TO SUPPORT BUSINESS WILL BE APPROXIMATELY $1.4 BILLION

* ARCH CAPITAL GROUP LTD ( ACGL ): PROPOSED DEAL FOR $450 MILLION

CASH

CONSIDERATION

Source text for Eikon:

Further company coverage:

Previous page： Analog Devices, Tata Group in talks to make semiconductors in India Next page： FEATURE-How will the U.S. election affect America's gig workers?

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Analog Devices, Tata Group in talks to make semiconductors in India

Sep 25, 2024

BENGALURU (Reuters) - Analog Devices ( ADI ) and Indian salt-to-aviation conglomerate Tata Group have signed a pact to explore making semiconductor products in India, the U.S. chipmaker said on Wednesday. Tata Electronics, the electronics-manufacturing arm of the 156-year-old group, is investing a total of $14 billion to build India's first semiconductor fabrication facility in Gujarat state and a chip-assembly...

FEATURE-How will the U.S. election affect America's gig workers?

Sep 25, 2024

* Millions of Americans make money from app-based gig platforms * Trump and Harris have outlined different labor priorities that will affect freelancers * Gig platforms have pushed back on Biden administration regulations By Avi Asher -Schapiro and David Sherfinski LOS ANGELES, Sept 19 (Thomson Reuters Foundation) - The rights of millions of independent workers in the United States may...

Rocket Lab aborts latest launch due to ground support equipment issue

Sep 25, 2024

WELLINGTON, Sept 19 (Reuters) - Rocket Lab said on Thursday that the scheduled launch of its Electron rocket into space from a facility in New Zealand was aborted just prior to lift off due to issues with on ground support equipment. The rocket, carrying five satellite for Kineis, a French operator and provider of space-based internet-of-things (IoT) connectivity, failed to...

Hong Kong probe reveals Cathay Airbus engine failure due to ruptured fuel hose

Sep 25, 2024

(Reuters) - A probe by Hong Kong's aviation accident investigation agency revealed Cathay Pacific's Airbus A350 engine failed in-flight due to a damaged fuel hose which also showed signs of a fire, the agency's report stated on Thursday. Hong Kong's Air Accident Investigation Authority (AAIA) found a ruptured fuel hose in the second engine of the Cathay Pacific-operated A350 jet,...