Arch completes Barbican acquisition
Bermudian-based re/insurer Arch Capital Group Ltd has completed the acquisition of Barbican Group Holdings Ltd, including Barbican Managing Agency Ltd, Lloyd’s Syndicate 1955, Castel Underwriting Agencies Ltd (Castel) and other associated entities.
The deal was first announced in July this year.
“We are excited to complete this transaction, which deepens Arch’s commitment to both Lloyd’s and the London market and provides our brokers and clients more access to Arch’s insurance and reinsurance platforms,” Nicolas Papadopoulo, chairman and CEO of Arch Worldwide Insurance Group, said.
Barbican will be consolidated into Arch’s insurance and reinsurance operations while aiming to grow third-party capital relationships.
Castel will continue to operate independently with financial support for growth provided by Arch.
Santa hat on Hindu God sparks online row
Bermuda Emissions sues transport ministry
Ombudsman hits out at CICB
Scott loses first round of court battle
Lawyer backs crime compensation changes
Man denies stealing bikes
Take Our Poll
- What sport do you most prefer to read about in the RG?
- Boxing/Martial Arts
- Rugby Union
- Total Votes: 3826
- Poll Archive