Log In

Reset Password

Arch Capital to acquire Somerset Bridge Group

A subsidiary of Bermudian-based Arch Capital Group Ltd has announced plans to acquire Somerset Bridge Group Limited, Southern Rock Holdings Limited and affiliates, subject to regulatory approval.

The proposed acquisition by Arch Reinsurance Ltd will include Somerset’s motor managing general agent, distribution capabilities through direct and aggregator channels, affiliated insurer and fully integrated claims operation.

William Soares, head of specialty for Arch Re, said: “Somerset has been a client of Arch Re for 11 years, which gives us significant insight and confidence in the business and the team. This proposed acquisition supports our strategy of diversifying our sources of premium and allows for collaborative cycle management of the class over time.”

He added: “This transaction also anchors our UK motor co-insurance and reinsurance capacity with a fully integrated platform. Somerset brings strong product and distribution capabilities.

“Coupled with Arch’s analytical capabilities and capital management, the combination of our two firms will provide an enhanced proposition to our customers, stakeholders and third-party capital providers.”

Arch Capital: Subsidiary company announces plans for acquisition

You must be Registered or to post comment or to vote.

Published June 24, 2021 at 8:01 am (Updated June 24, 2021 at 8:01 am)

Arch Capital to acquire Somerset Bridge Group

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon