Arch Capital completes $450M acquisition of Allianz's U.S. MidCorp and Entertainment insurance businesses

ARCH CAPITAL GROUP LTD.

Base purchase price $450M, plus assumed liabilities; closed August 1, 2024.
Nearly 500 former Allianz MidCorp and Entertainment employees join Arch.
Mark Lange appointed Chief Middle Market Executive to lead new units.
Deal originally announced April 5, 2024; amendment filed for clarifying changes.
Expands Arch Insurance's middle-market platform and offerings.

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