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5 April 2024Insurance

Allianz sells US Fireman’s Fund Insurance business to Arch for $1.4bn

Arch Insurance North America, part of Arch Capital Group, has entered into a master transaction agreement to acquire the US midcorp and entertainment insurance businesses, including select specialty insurance programs, from Allianz Global Corporate & Specialty SE (AGCS) for $450 million cash. The total transaction value is estimated at $1.4 billion.

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