Arch launches new product in Contract Binding unit
Arch Insurance Group has launched an increased limits product of up to $5 million on its General Liability coverage in the newly formed Contract Binding Operations.
“This new product is a very powerful addition to our agent network with many additional products at varying stages of development and deployment,” Arch said in a statement.
“Arch continues to apply significant resources and is dedicated to becoming a leader in the Contract Binding arena.”
The Arch Contract Binding Operations unit, which started operations earlier this year, currently offers General Liability to select and difficult-to-place small- and medium-size commercial customers through a carefully selected network of wholesalers countrywide.
Glenn Yanoff, senior executive vice president and head of Contract Binding Operations stated, “This new product is a very powerful addition to our agent network with many additional products at varying stages of development and deployment. Arch continues to apply significant resources and is dedicated to becoming a leader in the Contract Binding arena.”
Arch Insurance is a member of Bermuda-based Arch Capital Group.
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