Arch Re takes control of Precision Marketing Asia Pacific

The Arch Worldwide Reinsurance Group (Arch Re), part of Arch Capital Group, has completed its acquisition of a majority stake in Precision Marketing Asia Pacific (PMAP).

PMAP is headquartered in Sydney, Australia, and has operations in Japan and Indonesia. It provides data-driven marketing and distribution solutions to banks, insurance companies, retail groups and affinity partners across Asia-Pacific.

The deal will see Arch provide PMAP with corporate backing to continue its growth by expanding its Asia-Pacific presence. It will allow Arch Re and PMAP to increase their distribution opportunities for life, accident and health products.

Maamoun Rajeh, chairman and chief executive officer at Arch Worldwide Reinsurance Group, said: “This acquisition supports our strategy of selectively pursuing diverse specialty markets where we can apply our knowledge and expertise. We have ambitious plans for PMAP and, with our support, we intend to significantly increase our combined footprint across the Asia-Pacific region.”

Keith Lowry, chief executive officer at PMAP, said: “The capital support that Arch brings will facilitate the scalability of our business model. Our intention is to work with our existing business partners to drive long-term profitable growth. We have identified high potential, innovative growth opportunities with Arch.”