Arch Insurance International has made changes to its European operations ahead of Brexit, including expanding the classes of business it writes in the European Union and European Economic Area and adding new offices in the UK, Italy and Denmark.
Having received authorisation from the Central Bank of Ireland (CBI), Arch Insurance EU has commenced underwriting P&C, Motor and other business lines in the EU/EEA in addition to its current mortgage insurance business.
“The CBI authorisation enables Arch Insurance EU to provide a broad range of insurance products in Europe and to ensure a smooth Brexit transition,” said Soren Scheuer, President and CEO of Arch Insurance EU.
Arch Insurance EU retains its Dublin headquarters, and has added branch offices in the UK, Italy and Denmark. Arch's Alwyn Europe division (formerly Arch Mortgage Insurance) will conduct the motor insurance business and other specialty lines.
Arch Insurance UK and the P&C insurance operations of Arch Insurance EU will operate under Arch Insurance International. Arch Insurance International includes Arch’s insurance operations in Europe, Bermuda and Australia.
“These important changes mean that our European clients and policyholders will continue to be well-served by Arch Insurance EU,” added Hugh Sturgess, CEO of Arch Insurance International.
Arch Insurance International, Brexit, Europe, Bermuda