Arch Insurance North America, a subsidiary of Arch Capital Group, said on July 22, 2024 that it has obtained regulatory approval for its previously announced acquisition of the U.S. MidCorp and Entertainment insurance businesses of Allianz.

8-KRegulation FD DisclosureFiled Jul 22, 2024Period of report Jul 22, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

Arch Insurance North America, a subsidiary of Arch Capital Group, said on July 22, 2024 that it has obtained regulatory approval for its previously announced acquisition of the U.S. MidCorp and Entertainment insurance businesses of Allianz.
The company said both parties expect to close the transaction on August 1, 2024, subject to customary closing conditions.
The company said Arch Insurance North America is a subsidiary covering insurance operations in the United States and Canada. It said business in the U.S. is written by 4 companies, including Arch Insurance Company, while Arch Insurance Canada Ltd. handles business in Canada.
The company described Arch Capital Group as a Bermuda exempted company with approximately $22.1 billion in capital as of March 31, 2024. It said the company provides insurance, reinsurance and mortgage insurance on a worldwide basis.

Summary

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Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Allianz U.S. Business Acquisition Gains Regulatory Approval

Arch Insurance North America, a subsidiary of Arch Capital Group, said on July 22, 2024 that it has obtained regulatory approval for its previously announced acquisition of the U.S. MidCorp and Entertainment insurance businesses of Allianz.

Source · Based on the filing body and exhibits

Expected Closing Date for Acquisition

The company said both parties expect to close the transaction on August 1, 2024, subject to customary closing conditions.

Source · Based on the filing body and exhibits

Acquiring Entity and Subsidiary Business Scope

The company said Arch Insurance North America is a subsidiary covering insurance operations in the United States and Canada. It said business in the U.S. is written by 4 companies, including Arch Insurance Company, while Arch Insurance Canada Ltd. handles business in Canada.

Source · Based on the filing body and exhibits

Arch Capital Group Capital Base Overview

The company described Arch Capital Group as a Bermuda exempted company with approximately $22.1 billion in capital as of March 31, 2024. It said the company provides insurance, reinsurance and mortgage insurance on a worldwide basis.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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