Arch Insurance North America Acquires Allianz’s U.S. MidCorp and Entertainment Insurance Businesses
Summary
The new Arch MidCorp and Entertainment businesses will report to Mark Lange in the recently created role of Chief Middle Market Executive. “Under Mark’s leadership, we will continue to drive growth, deliver exceptional value to customers, create opportunities for our new colleagues and Pursue Better Together as a united team.” Lange added: “I’m looking forward to working with this talented and experienced team to help build out Arch’s middle-market platform. One of our guiding principles throughout this transaction has been to emphasize continuity and to maintain a customer-centric mindset, and I know we’re all ready to hit the ground running.” Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted as financial advisors to Arch, and Willkie Farr & Gallagher LLP served as the Company’s legal advisor. The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. The Company undertakes no obligation to publicly update or revise any forward−looking statement, whether as a result of new information, future events or otherwise.