Arch Insurance Europe has agreed to acquire the UK commercial lines business of The Ardonagh Group in a transaction valued at approximately £31m.

Structured as an asset-only deal, the transactions includes the renewal rights for Fusion, Arista and Towergate Commercial Underwriting, which generated over £150m of gross written premium last year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

These units focus on writing commercial property, casualty, motor, professional liability, personal accident and travel.

Under the terms of the transaction, about 250 employees of the acquired business will be absorbed by Arch.

Reactions to the deal

Arch Insurance Europe president and CEO Matt Shulman said: “We have a clearly stated strategy to build out our distribution capabilities across the UK and Europe and the acquisition of Geo’s commercial lines business represents an important step in this process, building upon the success of the earlier acquisition of Axiom Underwriting.”

“By expanding our regional presence with the addition of nine offices we immediately gain scale and presence in our target markets and we can deliver a broader range of specialist insurance solutions through a network of over 2,000 brokers.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We are gaining a well-respected and highly experienced team of underwriting and distribution professionals who are perfectly placed to help us build a significant and sustainable business that can meet the growing needs of its clients.

Bermuda-based Arch Capital offers insurance, reinsurance and mortgage insurance across the globe through its wholly owned subsidiaries.