Arch Capital Announces New Canadian Operations
Canadian subsidiary adds title insurance to lineup in conjunction with process of domesticating.
Insurance Networking News, January 10, 2013
Arch Capital Group Ltd. has domesticated a Canadian insurance and reinsurance operation under a new legal entity, Arch Insurance Canada Ltd.
Arch Capital says Arch Canada has been operating in Canada as a Canadian branch of Arch Insurance Co. (a U.S. affiliate) since 2005. Effective Jan. 1, 2013, Arch Canada began writing business in Canada through the new Canadian operating subsidiary. The business written by Arch Canada will be similar to that written by the former Canadian branch since 2005, with the addition of title insurance.
Arch Canada is licensed in all Canadian provinces and territories, says Arch Capital. The Canadian operations of Arch have experienced disciplined growth in premium and product offerings within Canada during the last four years as Arch built up its Canadian-based staff and operations.
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