Arch Insurance Set to Acquire Insurtech Ventus Risk Management

Arch Insurance North America announced earlier this week it has entered into a definitive agreement to acquire Ventus Risk Management, a technology and analytics-driven managing general underwriter (MGU) that specializes in providing coastal commercial property insurance solutions to small and mid-sized enterprises.

Arch claims that Ventus has become a trusted MGU for its capacity providers and a respected business partner for its producing brokers. Integrating Ventus into the Arch platform will notably enable third-party capital to provide capacity alongside Arch’s product offerings. Matt Shulman, CEO of Arch Insurance North America, further explained:

“Ventus is an insurtech company that has successfully deployed its offerings to support its underwriters, deliver best-in-class analytics and modeling capabilities and provide a superior customer experience. When combined with the scale of our E&S property portfolio and breadth of our relationships, we will bring enhanced value to our wholesale distribution partners.”

George Reeth, Ventus Co-Founder, also commented:

“I’m incredibly proud of what we’ve built at Ventus. By joining the Arch family, our employees will have access to a depth of resources that will allow them to continue to bring robust, creative solutions to the market and develop professionally.”

Stuart Mercer, Ventus Co-Founder, added:

“Arch is known for innovative structures that allow third-party capital to access insurance and reinsurance risks behind its strong underwriting expertise. The combined platform will bring broader capabilities and expanded capacity to Arch’s E&S property unit. I’m excited to continue to bring technology driven solutions to the marketplace when our producers and customers need it the most.”

Sponsored Links by DQ Promote

Send this to a friend