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

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

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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

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