Arch Insurance Announces Closing of Acquisition of McNeil & Co.

Arch Capital Group Ltd. today announced the completion of its previously disclosed acquisition of McNeil & Co., a nationwide leader in specialized risk management and insurance programs.

Source: Arch | Published on December 7, 2018

McNeil & Co., headquartered in Cortland, New York, will operate as an independent, wholly owned subsidiary of Arch Insurance.

“We are excited to complete this transaction, which will allow us to deploy Arch’s substantial resources to help McNeil expand their presence in the program space,” said Nicolas Papadopoulo, Chairman and CEO of Arch Worldwide Insurance Group. “We know that McNeil’s reputation and talented workforce will be a real asset to our operations and will enable us to continue to expand what is possible for our clients in the United States.”

About Arch Capital Group Ltd.

Arch Capital Group Ltd., a Bermuda-based company with approximately $11.21 billion in capital at September 30, 2018, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.