Arch Acquires Wexford Underwriting Managers

Arch Insurance Group said it has completed its acquisition of Wexford Underwriting Managers and will rename the new division Arch Wexford.

The deal has been in the works since January, when the two companies signed an agreement to write excess workers compensation and employers liability insurance together.

At the same time, Arch — part of Bermuda-based Arch Capital Group Ltd.– signed an asset purchase agreement to acquire Wexford from Aon Corp.

Wexford has offices in Chicago, New York and San Francisco.

Source: Arch Insurance Group

Topics Mergers & Acquisitions Underwriting