Arch insurance north america to acquire allianz's u.s. midcorp and entertainment insurance businesses

New york--(business wire)--arch insurance north america (arch insurance), part of arch capital group ltd. (nasdaq: acgl) (arch), today announces it has entered into a master transaction agreement to acquire the u.s. midcorp and entertainment insurance businesses, including select specialty insurance programs, from allianz global corporate & specialty se (agcs) for a $450 million cash consideration to allianz. arch estimates its capital requirement to support the business will be approximate.
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